Like last year, the limits are increasing again. Conforming loan limits increased from last year’s $647,200 to $726,200 for 1-unit properties. In high-limit areas like coastal California, the limit is as high as $1,089,300. You can view a map showing the conforming loan limits across the country here. Increasing the conforming loan limit means more …
Bringing homeownership to you in the State of Tennessee, QHL makes it simple by providing more ways to say yes! Learn more about Tennessee’s housing market and how QHL can help you become a homeowner today. Tennessee has seen many new residents migrating from other states around the US and is one of the fastest-growing …
Obtaining a home loan while self-employed has all the same steps and qualifying metrics as any other loan. We measure credit. We measure loan-to-value. We measure income, and we measure expenses. Qualifications are either inside the box or not. There is no subjectivity. In our experience, the most common obstacle for our self-employed clients is …
Home equity is at an all-time high. Borrowing money secured against your home can be a great way to consolidate debt and get cash for home improvements. When considering borrowing against your home’s equity, you typically have two options: you can do a full refinance and replace the existing loan or obtain a loan against …
With the vast gains in home equity you’ve realized recently, you might ask yourself: “What is the best way to borrow money from my home?” The two most common options would be either cash-out refinance or a home equity line of credit (HELOC). A cash-out refinance is when you borrow a higher loan amount than …