Standard Mortgage Blog

When purchasing a home, one of the most important factors to consider is the home loan limit. This determines the maximum amount of money that you can borrow to finance your mortgage. Loan limits vary depending on several factors, including your location, the type of loan, and current market conditions.

Your offer has been accepted, your loan approved, and you're on track to owning your new home. The final step is bringing the required cash to close and completing the necessary paperwork. On closing day, you’ll need funds not only for your down payment but also to cover closing costs, which typically range from 2-5% of the home’s purchase price. For a $300,000 loan, that means an additional..

If you are in the market to buy a home, then you've heard all the buzz about the probability that the Federal Reserve will start cutting rates soon. As inflation has cooled, mortgage rates have already started to come down, averaging nearly a whole percentage point less than this same time last year. With additional help from cuts by the Fed expected this month, rates could fall even more and..