Howard Hanna Real Estate
Howard Hanna Real Estate
Berta J. Smith, Howard Hanna Real EstatePhone: (315) 559-3316
Email: [email protected]

Tag: Loans

Posted on 11/29/2020
Negotiating a Land Contract Vs. a Mortgage
Image by Shutterbug75 from Pixabay With a mortgage, a buyer is applying for financing to purchase the property in its entirety. They're relying on their credit and assets for approval before assuming responsibility of the full property. In a land contract, you're cutting out the need for a formal lender and relying on the seller to approve or...
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Posted on 05/24/2020
Jumbo Loans: How Conforming Loan Limit Increase Affects the Jumbo Market
Image by Arek Socha from Pixabay If you bought a house that was over $484,350 prior to 2020, you had to get a jumbo loan, which is a non-conforming loan. The Federal Housing Finance Agency (FHFA) increased the limit on conforming loans to $510,400 in most areas. The FHFA also increased the loan limit to $765,600 in some...
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