As a real estate agent, I’m stoked that home prices around here keep going up. As a person, it’s not quite as simple. Sure, my own home is worth more. But if I were to sell it, where would I go? Any house I’d buy would be more expensive, too. Plus, I have lots of friends who don’t own their own homes yet and that has nothing to do with how persuasive I am. Houses around here are expensive. Even a 3% downpayment can be hard to save up when you’re subsidizing your landlord’s mortgage. But hey, there’s a silver lining to that huge, dark cloud. The Federal Housing Finance Agency announced that starting in 2018, maximum conforming loan limits were increased to $453,100. What does that mean in English? Up to a certain amount a home loan is what’s called “Conforming.” Above that, it’s “Jumbo.” Conforming loans require you to put less money down than jumbo loans. They also come with better interest rates. And allow your lender to consider a higher percentag...
Navigating home buying and selling when you have a kid who's ASD / SPD