Kevin OConnor - Lets Talk Mortgages

Kevin OConnor - Lets Talk Mortgages 262-893-7210 We create a tailored mortgage solution for first time/repeat buyer seeking to purchase a home, refinance an existing mortgage,

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With low inventory, rental rates are on the rise. Fight against the rising rates and get a fixed payment. Call today to ...
11/10/2021

With low inventory, rental rates are on the rise. Fight against the rising rates and get a fixed payment. Call today to get the home buying process started.

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10/02/2021

PennyMac, UWM raise conforming loan limit ceiling
Wholesale lenders move to raise their conforming loan limits ahead of FHFA announcing the 2022 baseline limits at the end of the year

October 1, 2021, 2:13 pm By Maria Volkova
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PennyMac announced this week that it is upping conforming loan limits by almost 14% through broker and correspondent channels.

According to PennyMac, for a one-unit property a borrower could receive $625,000, an increase of almost $75,000 from the maximum loan limit dictated by the Federal Housing Finance Agency (FHFA).

The 2021 baseline national conforming loan limit for a one-unit property is currently capped at $548,250, though this number is expected to increase sometime in November.

Kimberly Nichols, senior managing director of broker direct lending at PennyMac, said in a statement that the recent “run-up in home price appreciation affecting many markets throughout the country” incentivized the lender to “step in and provide support for borrowers.”

“This will specifically help those trying to purchase a home or access equity in their property while rates are relatively low,” she added.

Are a seasoned real estate investor or an entrepreneur call me at (262) 893-7210 to find out how I can help you
06/08/2021

Are a seasoned real estate investor or an entrepreneur call me at (262) 893-7210 to find out how I can help you

Now is the time to lock in the savings
02/17/2021

Now is the time to lock in the savings

Volatility has returned to the mortgage market in grand fashion this week with many lenders quoting rates that are as much as a quarter of a point higher than they were last week. That means if you were looking at something in the 2.75% neighborhood on Friday...

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