If you are in the market for mortgage loan financing or will be in 2020 this information could be very pertinent to your situation. Here is what you need to know about what is going on right now and likely will happen throughout the rest of this year… The Coronavirus pandemic is not only a…
If you’re looking for mortgage loan financing and you have taking out or considering the new federal paycheck Protection Program mortgage loan here’s some things you need to know… Residential Mortgage financing does require a certain amount of monthly income and having expenses that are low enough to be in alignment with a new proposed…
Mortgage lenders sometimes take an overly gun shy approach to how a mortgage loan is originated. One such example of this is if you have a first and a second mortgage on your home. Let us say your goal is to refinance and to not get any money out but just combine the first and…
One of the things that have changed since the coronavirus has taken shape is how mortgage lenders are viewing appraisals. If you’re buying or refinancing a home here’s what you need to know… If you have a very good strong financial package typically 20% equity with good credit score and sufficient savings in the bank…
Securing mortgage loan financing right has become a little bit of a challenge for some families desiring to borrow money. Here are some considerations you need to be aware of if you’re looking for a jumbo mortgage during the coronavirus pandemic… If you’re looking to mortgage a house and the size of a loan that…
As the coronavirus continues to worsen and make life difficult for many families, one risk is the loss of income due to being furloughed or temporarily laid off. Here is what you need to know about a forbearance, what it is and how it works. You are obligated to repay the money that you borrowed…
The coronavirus has undoubtedly created a significant amount of challenges for mortgage companies and families across America. Some lenders are changing credit score requirements, others are pulling out of the market entirely, and others are making restrictions on what types of loans they will fund. If you are in the process of getting a mortgage…
The coronavirus has just changed the way in which mortgage lenders are now appraising homes. Due to market volatility and changing market conditions, Fannie Mae and Freddie Mac just recently announced that they’re going to be loosening appraisal standards. Here’s how these new appraisal standards apply to you… On purchase transactions for a primary residence…