GoldCoast Mortgage Service, Inc.
Home buyers in Massachusetts, New Hampshire and Maine can now afford more home for less money. The new 2026 conforming loan limits for all of Massachusetts, New Hampshire, and Maine are available and they’ve increased. This is good news for homebuyers looking for 30-year fixed-rate mortgages with low downpayment, first-time home-buyer benefits, and the strength of Fannie Mae and Freddie Mac’s low interest rate pricing.
The new 2025 conforming loan limit for all of Massachusetts, New Hampshire, and Maine are out. These conforming programs are for 30-year fixed-rate mortgages which offer low downpayment options, first-time home-buyer benefits, and the strength of Fannie Mae and Freddie Mac’s low interest rate pricing.
2024 conforming loan limits are published.
If you have some stream of income and your credit is still intact, we can now take a look at comparing a reverse mortgage against a forward mortgage. While these two product types are not a perfect overlay of each other, one can function as the other if you’re willing to make some concessions on the absolutes of each program.
I debrief ARMs in detail on our website: ARM Debrief. But am compelled to write to you today based on the ludicrous volume of advocacy for the ARM as a workaround to the rate increase of the Fixed Mortgage.
Yes – from $647,200 to $715,000 available immediately and into 2023. There aren’t too many financial topics where inflation is considered a good thing. Taxpayer income brackets, I-Bonds, Social Security indexing, and Cost-of-Living (pay) increases are a few that come to mind.
You’ve just been made a Partner at your firm. Congratulations. Because you can now truly afford it, you opt to purchase a home that was previously out of reach. Except maybe you’re not.
In mortgage underwriting-land, when you alter your pay methodology, you also enter into a new classification of underwriting (there are several).
The 2022 National Conforming Loan Limits (available now at GoldCoast Mortgage) have taken a huge jump forward. The Jumbo Mortgage Limit received a robust expansion of value as well. The conforming loan limit is available nationwide and does not have any limitations per county.Â
Bi-Weekly Payment Plan: Valuable Financial Tool or is it a Scam? Before I answer that question, it is useful to know how a Bi-Weekly Payment Plan (BWPP) works. The program concept is contained in the difference between “Every-other-week” and “Twice-a-month”. Half payments made every other week add up to 13 full payments (26 payments / […]
A jumbo mortgage doesn’t have a technical “definition”. It is the “white space” where Agency mortgages stop. If it had a static definition it would never be the same two years in a row. And jumbo’s have multiple variables.Â
An Adjustable-Rate Mortgage Could Have Features That Harm You When considering mortgage options, you might encounter a choice between a fixed-rate mortgage and an adjustable-rate mortgage (ARM). While fixed-rate mortgages offer the security of unchanging payments for 10, 15, 20, 25, or 30-year terms, adjustable-rate mortgages have several variables and come in many different flavors. In […]
How a Mortgage Bridge Loan Works Buying a new home before selling your current property can be stressful, especially when finances are tight or timing is unpredictable. That’s where a mortgage bridge loan can make a difference. This type of loan offers you a short-term solution when you need help bridging the financial gap. However, […]