PMI is one of the most commonly misunderstood aspects of home financing, but it plays a key role in helping buyers purchase homes with less than 20% down.
Looking for a mortgage that balances lower interest rates with manageable monthly payments? A 20-year fixed-rate mortgage might be the perfect solution.
If you're a real estate investor growing your rental portfolio, one key question is: "How many properties can I finance with a conventional loan?" Fannie Mae has clear guidelines — and understanding them can help you plan your next purchase or refinance.
Loan documentation will be collected during your preapproval process. Depending on the time frame from when you are preapproved to when you are under contract, your loan processor may ask you to provide updated documents.
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