Latest Articles
Mortgage Advice, Real Estate Market Updates, and Home Buying Tips
A Comprehensive Guide for First-Time Homebuyers
Published:
August 8, 2023
Purchasing a home is an exciting and rewarding experience, but it can also be overwhelming and confusing, particularly for those who are buying for the first time. It's normal to have a lot of questions at every step of the process, but don't worry! Onshore Mortgage, LLC. is here to guide you. In this article, we'll provide answers to some of the most common questions that first-time homebuyers often ask. By gaining a better understanding of the loan process, you'll feel more confident and well-equipped to handle the homebuying journey successfully.
Understanding Mortgage Insurance: A Comprehensive Guide
Published:
August 8, 2023
For those seeking low down payment options, mortgage insurance is a crucial factor to keep in mind. Though it comes with additional costs for the borrower, it enables lenders to provide accessible financing opportunities. To make informed decisions on the journey to homeownership, it's essential to understand the different types of mortgage insurance and their implications.
2023 Conventional Loan Limits Are Now Available
Published:
November 30, 2022
On November 30, 2023, the Federal Housing Finance Agency (FHFA) unveiled the latest updates to the Conforming loan limits, which could have a significant impact on your homebuying journey. As of this announcement, prospective homebuyers now have the opportunity to access increased borrowing limits, reaching up to $726,200 in the majority of Massachusetts and Rhode Island counties. For those seeking homes in high cost areas, the loan limit extends to an impressive $1,089,300.
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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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