Conventional Loan Limit Increase for 2022

In 2021, the conventional mortgage loan limit topped out at $548,250 on single-family residences.  This meant that any mortgage loan on a SFR that was above that fell into the jumbo loan category.  Jumbo loans have much stricter...

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It's Still A Great Time To Buy

Interest rates are still at historical lows, HOWEVER, interest rates are forecasted to go up.  Prices of homes are also forecasted to continue to rise through 2022 by as much as 16%. A home that costs $450,000 today at an interest rate of...

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What A Difference a 1-Point Interest Rate Change means

Mortgage Interest rates in 2020 and 2021 hit all time lows but they are not there to stay.  As of the beginning of the year in 2022, we are seeing a rise in interest rates. The Mortgage Bankers Association predicts rates to hit the 4s by...

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How to Invest in Real Estate

Values of home appreciated at a average of 14.5% in 2021 up from only 4% in 2019 with an average equity gain of $56,700 per homeowner You can use a cashout refinance to access that equity at a lower primary residence interest rate to put a...

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Finding The Right Mortgage For You

Choosing the right mortgage for your needs is just as important as choosing the right home. Many new homebuyers aren't aware of the different loan types and options that are available to them. For example, some mortgage programs, like VA and FHA...

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First Time Buyer Process/Checklist

Buying your first home can feel both exciting and stressful. There is so much to do, from house shopping to gathering documents for the mortgage application process, that it’s easy to forget things. This is why our expert Bozeman mortgage...

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What Happened to Zillow?

"Listen In" What Happened to Zillow? Colleen Wood: Hello, and welcome to Leading Ladies of Montana Real Estate, a show about buying and selling homes in Montana, and the power realtors and power lenders that make that happen. We are...

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Construction vs. Renovation Loans - What's The Difference?

When we think about mortgage loans, we often think of the traditional longer-term financial commitment to purchase a home. But many people don't realize that there are specific loans for new construction builds and renovating homes. Below are...

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Pre Approval - Why Is It So Important?

The first thing you need to know before setting out on your Mortgage journey for a new home is knowing the how and why of getting a Pre-approval and the importance of this step. The Pre-approval will not only give you an accurate picture of what you...

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Five Tips To Prepare For A Refi

Refinancing can be a challenge if you aren't prepared or even sure of what you are getting into. From your home equity (The true value) to the appraisal visit. Here are five tips to ensure your refi goes smoothly. 1.Determine your financial...

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Contingent vs. Pending - What You Need To Know

What You'll Learn   The difference between contingent and pending listing statuses The various types of contingent and pending situations Why listing status matters when searching for a home Who else gets excited when it's time...

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What is Mortgage Insurance? Why Do I Need It?

In a nutshell, Mortgage insurance protects the lender in case the borrower defaults on the the loan. It's allows for the lending agent to be protected in case of default on their mortgage note. HOW DOES IT WORK? Mortgage Insurance options...

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How to Purchase Your Home in a Tight Market

We're all well aware of how crazy the market has been over the past year. It's been an incredibly tight market for those looking to purchase. Many will tell you they've never seen anything like it. Demand is sky-high, and inventory is...

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How Long Does It Really Take To Buy a Home?

You have finally decided to buy a home. Now it's time to get to work. Understanding how long it can take to get into a new home is key to setting expectations so your homebuying journey can be filled with happiness and excitement vs. stress and...

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What to invest in?

What to invest in; that is the age old question. There are many places to put your money these days. Still, real estate is one of the safest investments a person can make. Here are seven reasons that real estate is still the best option for...

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6 Ways A Mortgage Lending Professional Helps You - From Start To Finish

Most people utilize a mortgage to purchase a home. This means working hand in hand with a mortgage lending professional. A mortgage lender wears many hats during the approval and closing process. They help to gather the appropriate information needed...

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Six Tips For Real Estate Investing Beginners

We have seen investing change over the course of the past decades. There are many ways to invest and create wealth outside of the traditional stock portfolio. While investing in the stock market is still very common, there are other ways to invest...

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Hometown Lenders and Major Mortgage Announce MAJOR New Partnership

Press Release   HomeTown Lenders is proud to announce the most recent addition to their team, Major Mortgage. Major Mortgage is a DBA of Hometown Lenders and consists of 14 branches across 9 states with a combined annual volume of...

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