Peter Barroso Mortgage Originator's Blog

10 biggest benefits to VA home loans in 2019

The VA loan: Better than FHA and conventional loans? There is a “right program” for every mortgage borrower, but for many, the VA loan stands apart for its combination of low rates, lenient underwriting, and secondary benefits. Backed by the U.S. Department of Veterans Affairs, VA loans...

Why Your Listing Is Being Ignored

Are you getting few showings for your listing, or do visitors want to leave quickly? Here are a few suggestions Peter B. Your Mortgage Negotiator believes that could be turning off potential buyers. Vague property descriptions. Online descriptions of just a few words—or none at all—create...

How to Buy a Home When Mortgage Rates Are Rising with Peter B.

Mortgage rates have risen about half a percentage point since September. What does that mean for you if you’re buying a home now or plan to buy one soon? For starters, don’t panic. When you’re buying a home, the mortgage rate matters, but it shouldn’t monopolize your...

Fannie, Freddie Raise Conforming Loan Limits 2019

The Federal Housing Finance Agency (FHFA) today advised that the maximum baseline conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac in 2019 will increase to $484,350 from $453,100. The loan limit will rise 6.9% in 2019 because FHFA has determined that the average U.S. home...

3 Reasons Why You Benefit Working With an Independent Mortgage Broker

Many new homebuyers assume that they must work directly with a bank or lender. While working with a bank or other type of lender is an option, it's not always the best one. Working with an independent mortgage broker brings benefits to the table that banks and lenders can’t. Make sure you have...

Navigating the world of mortgage RATES!

“Everything boils down to risk " “Not all companies have the same overlays, so just because one company turns you down for a loan or charges you a higher rate, another may not,” Eight reasons your mortgage could have an ‘overlay:’ The word “overlay”...

The Risk of Buying a Home Without a Real Estate Agent

No Buyer’s Agent Equals Increased Risks If you are thinking about buying a home, chances are you have questioned whether you need a real estate agent or not. Real estate agents in film and television are often portrayed in a negative light, which naturally leads to a perception that they may...