Interest rates are a big driver of the mortgage market. People purchasing houses and refinancing houses are taking advantage of today’s historically low rates. Here are some fundamentals you should be aware of when it comes to interest rates and what the market may or may not do going forward… First things first what drives…
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One of the old school ways home buyers used to buy homes was to secure a first mortgage and a second mortgage via seller carry financing. The program has gone away in recent years but a re-emergence is not beginning to take shape in this 2020 market. Here’s how you need to know how…
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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…
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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…
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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…
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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…
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Purchasing a house is a very large financial investment and it needs to be done with care and prudence. With the chaos, the doom and gloom you may be asking yourself should you buy a house? Should you wait or should you pull the trigger on the high-ticket item? Here are some things to consider…
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Buying a home is a high ticket purchase. It requires careful planning and due diligence. One of the biggest factors of buying a home is taking into consideration all the various reports, dates, and deadlines. It can be quite an ordeal of a process if it’s not handled correctly. Here is what to know… One…
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