10 Questions to Ask a Lender
Posted by Leah Bishop on
Shopping for a New Mortgage Loan? Find the Best Lender for You by Asking the Right Questions!
Navigating the nuances of the mortgage lending market can be daunting. The ins and outs of home borrowing can leave most of us nodding along in confusion as we're flooded by a sea of acronyms and financial jargon. Finding the right lender in the midst of your property search might be overwhelming. We're here to help you take a deep breath and be as prepared as possible as you interview potential lenders.
Whether you're looking for a conventional loan for a new home or property purchase, a refinance for a construction or current traditional loan, or a cash-out refinance to capitalize on the equity in your property, knowing what information to gather is…
637 Views, 0 Comments
Grand County’s conforming loan limit is expected to increase to $715,000 in 2023 for one-unit properties. This represents a 10% jump from the 2022 limit. Several lenders are honoring the higher limit now, in advance of the Federal Housing Finance Agency’s (FHFA) official announcement later this year.
With the current shortage of homes for sale in the area, buying land has become even more enticing. Whether you're considering an investment in land or looking for the site of your future dream home, purchasing undeveloped property certainly has its benefits. Most of us have heard Mark Twain's adage: "Buy land, they're not making it anymore." It rings true with the current growth we are experiencing in Grand County. As the area grows in population and vacation homes, the available acreage for building remains the same. Not only is land a strong investment, should you choose to build, constructing your home from the ground up gives you the ability to create the…
.jpg)
While in line at the grocery store yesterday, I overheard an exchange behind me: “It’s too late. We missed the window. Interest rates are up, and inventory is low. We should just wait until things settle down.”