More NYC buyers can tap lower-cost mortgages with new Freddie and Fannie higher loan limits in 2022

… New York City buyers dont typically get to take advantage of the lower … Mae and Freddie Mac the governmentbacked entities that buy loans from banks are expected to announce a new … The current loan limit is $822375 The move will give buyers some breathing room says Brittney Baldwin vice …

By Jennifer White Karp |November 19, 2021 - 2:30PM
What are mortgage points and how do they lower your interest rate?

… When you use financing to buy a house or apartment your monthly mortgage payments … credit one of the ways to lower the cost of borrowing is to buy mortgage pointsalso known as buying down the rate prepaid interest or discount points The …

By Jennifer White Karp |July 15, 2021 - 4:00PM