If you are looking for a way to finance both the purchase and renovation of a fixer-upper, you might want to consider the Freddie Mac CHOICERenovation loan. This loan program allows you to combine the cost of buying a home with the cost of making repairs or improvements into one single mortgage. In this article,…

The Real Estate Commission NAR & KW Lawsuit has sent shockwaves through the real estate industry, challenging traditional commission structures and prompting a reevaluation of industry practices.  Rooted in dissatisfaction among homebuyers and sellers, the lawsuit targets established players, including the National Association of Realtors (NAR) and major brokerage firms like Keller Williams. With a…

Buying your first home is a big milestone that requires careful planning and preparation. It can also be a daunting and stressful process, especially if you don’t know what to expect or how to avoid common pitfalls. That’s why we have created this comprehensive guide for first-time Home Buyer Handbook, where we will cover everything…

Buying a home is one of the most exciting and rewarding experiences in life. But it can also be complex and confusing, especially when it comes to escrow. What is Escrow in Homebuying and how does it work? Why is it important and what are the benefits? If you have these questions, you are not…

Financial decisions shape economic destinies in the borrowing and lending realm. Discerning the difference between Annual Percentage Rate (APR) and interest rate is crucial for informed choices. They play distinct roles in delineating the true cost of a loan.  Though both terms revolve around the expense of borrowing, they encapsulate distinct components, each wielding substantial…

Understanding the pivotal question of “how much home can I afford” is a crucial step in the intricate process of home buying. Matthew Fischman, your dedicated mortgage broker, is here at your service, committed to providing clear and expert Homeownership Guide through every facet of home affordability. Unveiling the Factors Influencing Home Affordability The Significance…

Investing in land can indeed be a profitable venture. However, the conventional loan processes can often present a series of challenges that can be daunting for investors. These challenges can sometimes act as barriers, preventing investors from realizing their full potential. But there’s a solution to this – the Debt Service Coverage Ratio (DSCR) loan…

In a recurring exploration of Conforming Loan Limits 2023, a topic that demands attention, the focus turns once again to the surprising downward trend in interest rates. Despite an excess supply of Treasury Bonds, robust GDP growth, and the Federal Reserve’s insistence on prolonged rate stability, the numbers tell a different story. The 10-Year Treasury…

Homeowners increasingly look for innovative ways to maximize the potential of their properties. One trend that has garnered significant attention is the incorporation of Accessory Dwelling Units (ADUs).  ADUs present an affordable housing solution that supplies an additional living space for extended family members or guests. It adds value to the homeowner’s property and creates…