Main navigation

Blown Mortgage

First Time Home Buyer Programs | Home Loans | Refinance

fannie mae

Should You Consolidate Your Student Loan Debt With Your Mortgage?

by


Deprecated: wp_make_content_images_responsive is deprecated since version 5.5.0! Use wp_filter_content_tags() instead. in /nas/content/live/blownmortgage/wp-includes/functions.php on line 5323

$1.36 trillion. That’s the nationwide student loan debt level as of the third quarter of 2017. One solution to eliminate this debt hits a little close to home. Around this time last year, Fannie Mae and SoFi teamed up to offer cash-out refinance loans to homeowners with student loans. Cash-out refinancing generally works to consolidate the student loan debt with the mortgage … [Read more...] about Should You Consolidate Your Student Loan Debt With Your Mortgage?

You Can Borrow More for a Home as FHFA Raises 2018 Conforming Loan Limits

by

For the second year, the Federal Housing Finance Agency, who oversees Fannie Mae and Freddie Mac, has increased loan limits on conforming mortgages in 2018. The increase in 2018 conforming loan limits matched rising home prices felt across the U.S. Based on its House Price Index, the FHFA revealed that house prices jumped 1.4% in the third quarter of 2017. On a … [Read more...] about You Can Borrow More for a Home as FHFA Raises 2018 Conforming Loan Limits

Yes, HARP® Is Extended But Better, All-Inclusive Refi Options Are Up and Coming

by

Eight years later, the Home Affordable Refinance Program® (HARP®) has continued to serve millions of homeowners resulting in billions of dollars in savings. While it has been extended a couple of times, the truth is HARP® will end December 31, 2018. What’s to happen after that? You have other refinance options - new high LTV streamlined refinance programs to replace HARP® … [Read more...] about Yes, HARP® Is Extended But Better, All-Inclusive Refi Options Are Up and Coming

Survey Reveals Where Buyers Turn to for Mortgage Advice

by

According to a recent survey by Fannie Mae involving 1200 respondents who got their mortgage in 2016, person-to-person sources remain the most preferred choices for obtaining mortgage information. Human factor is still considered by American homebuyers as one of the most influential factors in choosing where to get advice for buying a home. Per the study, homebuyers used … [Read more...] about Survey Reveals Where Buyers Turn to for Mortgage Advice

Dear Millennials, Getting That House You Can Call Your Home Is Now More Possible Than Before

by

Rejection is tough. Especially when it's something you put effort into achieving. Millennials are no strangers to this feeling. Denied mortgage applications are just as difficult. After all, isn't having a home of your own part of the American dream? Breaking down the factorsthat get a loan rejected are credit score issues, problems in property valuation and, the number … [Read more...] about Dear Millennials, Getting That House You Can Call Your Home Is Now More Possible Than Before