Home » Nick Ellis Blog » Page 2

What is the Affect of Student Loan Debt On Homeownership?

With student debt making headlines on a regular basis, and the rates of homeownership being lower, is there a connection? Maybe. In the first issue of Consumer & Community Context, a publication from the Federal Reserve, an article by Alvaro Mezza, Daniel Ringo, and Kamila Sommer, Federal Reserve Board Division of Research & Statistics  entitled, “Can …

Read more

Does it Make Sense to Refinance? 5 Things To Know

If you are thinking about refinancing, you probably have a good reason. Maybe  you are curious if you could save money by locking in a lower interest rate. Maybe you wonder if you could use some of the equity you have established in your home. Whatever your reason, here are 5 things to know before …

Read more

This New Year, Reach Your Dream of Homeownership

Photo by Jon Tyson on Unsplash Every year begins with renewed hopes and bright aspirations embodied by the shared cultural vow we all seem to take: the New Year’s Resolution. If your Resolution involves any aspect of ‘home’ or financial strategies, purchasing your first home and homeownership may be on your mind. You Are Not Alone Among renters …

The post This New Year, Reach Your Dream of Homeownership appeared first on Benchmark.

Read more

FHFA Announces Conforming Loan Limit Increase In 2019

The Federal Housing Finance Agency has announced that the maximum conforming loan limits for mortgages has increased. In most of the country, the confirming loan limits will increase nearly 6.5%, from $453,100 to $484,350 for 2019. For most high-cost areas, where 115% of the local median home value exceeds the loan limit, the loan limit …

The post FHFA Announces Conforming Loan Limit Increase In 2019 appeared first on Benchmark.

Read more

Nervous About Buying? Here’s A Dose of Confidence

If you are interested in buying a house, but do not know what you might need, or whether you can qualify, you’re not alone. Many would-be buyers are intimidated by the thought of what it takes to buy a home. Some wonder whether they can afford to buy, if they have enough saved for a …

The post Nervous About Buying? Here’s A Dose of Confidence appeared first on Benchmark.

Read more

Can I Still Get A VA Loan With Bad Credit?

Unfortunately, it depends on the situation and reasons, so there is no simple answer for bad credit. A few potential reasons could be that you have experienced a divorce which led to a bankruptcy, mismanaged your finances, experienced job loss, or any other financial hazards. Your credit is calculated from many moving parts. The good …

The post Can I Still Get A VA Loan With Bad Credit? appeared first on Benchmark.

Read more