Latest Articles
Mortgage Advice, Real Estate Market Updates, and Home Buying Tips
Take Advantage of 2025 Conforming Loan Limits
Published:
November 27, 2024
The FHFA raised 2024 Conforming loan limits to $806,500 in MA & RI, and $1,209,750 in high-cost areas, ensuring they align with current market trends.
10 Essential Qualities to Look for in a Mortgage Broker
Published:
November 1, 2024
Choosing the right mortgage broker is a crucial step in the homebuying process. By considering these ten factors, you can find a broker who not only meets your immediate needs but also supports your long-term financial goals. Remember, your mortgage is more than just a loan—it’s a partnership that can help you achieve the dream of homeownership with confidence and peace of mind.
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Understanding the Mortgage Loan Estimate (LE)
Published:
October 1, 2024
The Loan Estimate is a critical document in the mortgage process, providing transparency and protection for borrowers. By offering a clear picture of the loan terms and costs, the LE helps borrowers navigate the complexities of home financing with greater ease and confidence. Whether you're a first-time homebuyer or an experienced real estate investor, understanding your Loan Estimate is an essential step in making sound financial decisions.
Navigating Mortgages for the Self-Employed
Published:
September 2, 2024
Securing a mortgage as a self-employed borrower doesn't have to be a daunting task. With the right Mortgage Broker who understands your needs and loan products such as bank statement, "1099 only" and DSCR, you can achieve your homeownership goals. Whether you're looking to purchase your first home, refinance a current home loan, or invest in additional properties, Onshore Mortgage, LLC has the solutions you need.
Strategic Timing: Delaying Your Mortgage Refinance Could Cost You
Published:
August 6, 2024
With the Federal Reserve hinting at further rate cuts and lower rates available, homeowners can save significantly by refinancing, either through reduced monthly payments or by shortening their loan term. FHA and VA home loans offer streamlined options, making it easier to benefit from these changes. Refinancing can also boost home equity and provide financial flexibility for other goals. Act now to take advantage of these opportunities and consult with a mortgage professional to explore your best options.
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VA Policy Update: Veterans Allowed To Pay Real Estate Agent Commissions
Published:
July 9, 2024
The Department of Veterans Affairs (VA) has implemented a temporary policy change effective August 10, 2024, allowing veterans to directly pay their buyer’s agent commissions when purchasing a home using a VA loan. This adjustment responds to upcoming real estate regulations potentially shifting commission responsibilities to homebuyers, including veterans, following a lawsuit settlement by the National Association of Realtors.
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Onshore Mortgage
The information contained in this site has been prepared by an independent third party and is distributed for educational purposes only. This is designed to give helpful tips on the mortgage process and is not intended to give legal advice.
Information is considered reliable but not guaranteed. This is not a pre-qualification, pre-approval, loan approval or commitment to lend. We arrange but do not make loans.
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