Keep up with the latest news and updates
September greeted us with some excellent news. The 2023 conventional loan limits have been announced by several of the nations top lenders and are slated to be $715,000 for most of the country. Additionally, this means that in certain high cost areas as well as AK and HI will have conventional limits as high as $1,072,500 (or somewhere in between). November greeted us with even better news. Read on for
If you are considering relocating from California to Idaho, you’re going to want to keep reading Let’s face it, life these days is EXPENSIVE. And California is among one of the most challenging economic landscapes to manage and budget. With that said, below you’ll find a thought provoking glimpse about moving to Idaho from California. We also took the time to do a question and answer with a LifeSource Mortgage
Wondering about locking your mortgage interest rate? If you’re looking to refinance or in the midst of buying a new home or on the brink of buying a new home, you may be asked by your loan officer “Do you want to lock in the rate?” You have two choices here: Float the Rate Lock the Rate If you like to roll the dice then “floating” the rate might be
Housing has become extremely costly in the last few years. Especially in places like California. For quite a few Americans owning a mobile or manufactured home makes good financial sense. Plus, the mobile homes built these days are quite stunning and the quality has become top notch. According to ManufacturedHousing.org, as many as 22 million Americans live in manufactured housing or mobile homes. For older homeowners aged 62 plus this
Wondering about the reverse mortgage age requirement? Stay Tuned! The answer to the reverse mortgage age requirement is both simple, yet complex depending on the particulars in your household. First, we’ll answer that question in the simplest form. Then, we’ll dive into the complexities and things to consider in terms of the age requirement for reverse mortgages. As of January 2022, there are two basic types of reverse mortgages. First,
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