Everyone Likes Saving Money
Everyone Likes Saving Money Buying a home can save money compared to renting in the long run due to several factors: Equity Building: Unlike renting, mortgage payments contribute to building equity, which is essentially savings that can be tapped into later through home equity loans or by selling the property. Stable Payments: With a…
Read MoreSick of Renting
Sick of Renting Renting has its drawbacks, including: Lack of Equity: Rent payments don’t contribute to ownership, so renters don’t build equity in a property. In many instances, one can own for about the same payment or a little more than their rent and invest in real estate. Limited Control: Renters often have restrictions…
Read MoreLegislation Aims to Curb Hedge Fund Influence on Housing Market
In a Curbing Hedge Fund Influence on American Housing Market significant legislative move, Democrats in both houses of Congress have introduced a bill to prohibit hedge funds from acquiring and owning single-family homes in the United States. The proposed legislation, known as the End Hedge Fund Control of American Homes Act of 2023, outlines a…
Read MoreWorking With Us Will Help Support Your Community
Working With Us Will Help Support Your Community At Andre Enriques Mortgage Banker – VA Loan Expert (aka First Priority Home Loans), we believe in the power of business to help make a positive impact on our world. We are excited to introduce our new initiative starting January 2024, we are launching a ”…
Read More2024 Loan Limits Are Out
2024 Loan Limits Are Out! Mortgage loan limits vary by county and are influenced by factors such as the location’s median home prices. These limits are set by the Federal Housing Finance Agency (FHFA) and are used to determine the maximum amount that can be borrowed through conforming loan programs. Conforming loans are those that…
Read MoreThe Power of Buying a Home Now
The Power of Buying a Home Now The decision to buy a home is influenced by various factors, and the perceived “power” of buying a home can depend on the individual’s circumstances, market conditions, and long-term financial goals. Here are some potential advantages and considerations that may highlight the power of buying a home:…
Read MoreVA Loans in Eastlake and Otay Ranch
VA Loans in Eastlake and Otay Ranch VA loans are a fantastic option for Veterans looking to buy a home in the communities of Eastlake and Otay Ranch. They often come with more favorable terms than conventional loans, such as lower interest rates and more flexible credit requirements. The Department of Veterans Affairs backs these…
Read MoreVeteran Affairs Home Loans in Chula Vista
Veteran Affairs Home Loans in Chula Vista VA (Veteran Affairs) loans in Chula Vista come with several benefits that make them an attractive option for eligible veterans and active-duty service members: No Down Payment: One of the most significant advantages is that VA loans often allow borrowers to purchase a home with no down payment,…
Read MoreVA Loans in Imperial Beach
VA Loans in Imperial Beach VA loans are specifically designed to assist Veterans in purchasing a home in Imperial Beach and all over our great nation. The Department of Veterans Affairs (VA) offers a couple home loan programs, including the VA Purchase Loan and the VA Interest Rate Reduction Refinance Loan (IRRRL). These programs aim…
Read MoreNew Conforming Loan Limit
New Conforming Loan Limit The conforming loan limit is adjusted annually based on the Federal Housing Finance Agency’s (FHFA) assessment of changes in home prices. The new conforming loan limits for a given year are typically announced in November or December of the preceding year but was announced early this year and is now $750K.…
Read More
