Buying a home comes with a lot of moving parts, from mortgage payments to insurance and property taxes. For many homeowners, keeping track of these expenses can feel overwhelming. That is where escrow accounts come in.
Reflecting on the lessons learned from 2008’s financial upheaval, it’s clear that the landscape of home financing has undergone significant transformations.
In 2024, the conforming loan limit is set at $766,550. This figure is crucial as it's the highest loan amount that Fannie Mae and Freddie Mac can back.