As we accumulate birthdays, things change. One of which is our size. This time I am not talking about clothing but our needs in housing. A growing family needs more bed and bathrooms, a yard and a great school district. After the kids leave, that same couple find they don’t need all those rooms and would prefer less maintenance. It may be time to downsize!
Conforming loan limits are up!
Home loans come in many sizes and shapes, each one tailored to the lender and the property; however, there is a very important number that is used to determine the rates – the conforming loan limit. This is set by the government (FHA) as the largest amount that the lenders can bundle and sell back to the government