Last Tuesday, the Federal Housing Finance Agency (FHFA) announced that conforming loan limits will increase from $510,400 to $548,250 in 2021 marking the fifth straight year of loan limit increases. Most counties in California will now have high balance limits as well, these can be as high as $822,375. For context, a conforming loan is a type of mortgage that …
Conforming Loan Limits Will Increase Nearly 7.5% Read More »
If you’re a first-time refinancer, you might be unsure about what to expect in the process. At QHL, our top priority is to provide you with support — let’s start with dispelling some common refinance myths so you can approach your refinance with clarity and confidence. Myth #1: You won’t save that much money by refinancing. …
When coming up with your monthly budget, don’t forget about the income tax savings. Compared to renting, you may see a significant tax advantage. Owning a home can be a smart financial investment and a great way to build your equity. But another substantial benefit can involve a bigger break on Tax Day. Whether you …
While becoming a homeowner comes with a lot of responsibility, there is also a lot of rewards. Here are some of the main reasons people choose homeownership over renting. You Enjoy Significant Tax Deductions – Owning a home can reduce the amount you pay in income taxes each year. Out of your monthly payments a significant …
So the past few months you’ve shopped properties, submitted offers, and finally you get the call from your real estate agent: Your latest offer has been accepted! You might think it’s the end of the road to property ownership. But really, it’s just the beginning of the hard work. Once you go into escrow, the …