How Working with a Broker is Different from a Lender
You have decided you are ready to buy your next home, the one that will help you to live out where you want to be in the next stage of life. Before you go house shopping and fall in love with a home, it is wise to find out what kind of mortgage you could qualify for....
New Mortgage Requirements for Self-Employed Borrowers
Last month Fannie Mae and Freddie Mac both announced new standard requirements for self-employed borrowers and loan applicants. It is expected that many other lenders will adhere to these loan requirements in the near future as well. New Self-employment Mortgage...
The Basics of No-Closing-Cost Refinances
Right now a large number of home owners are hoping to take advantage of historically low interest rates and refinance so they can lower their monthly mortgage payment. Is a no-closing-cost loan refinance a better way to go? The Details of a No-Closing- Cost Mortgage...
What Mortgage Rate Can I Get Compared to the Average Rate?
Mortgage rates are lower than they have been in several years making this a really good time to apply for a mortgage and take advantage of lower payments. One thing applicants should be aware of though is that the national averages you see on the news and read about...
Locking in a Mortgage Rate as Buyer’s Get Competitive
At this time borrowers have a chance to lock in mortgage rates at historically low rates. Lower inventory to purchase from and a competitive seller’s market can make finding the right home a bigger challenge. This has some buyers wondering when they should lock in...
Tips for Scoring Lower Rates and Speedier Closings on Mortgages Right Now
Obtaining a mortgage in the spring and summer of 2020 while many areas begin to slowly open up after pandemic shutdowns means longer wait times for the underwriting process and final approval as well as much tighter qualification standards. Right now lenders are...
Home Equity Loans Begin to Tighten Qualifications
As the number of Americans out of work or laid off has grown to record numbers due to the coronavirus pandemic, a large number of homeowners are searching for ways to be able to simply cover their living costs. During this time there has been an increase in owners...
What to Know When Asking About Mortgage Forbearance
Even though the mortgage delinquency rate is going up since the beginning of COVID-19 the rise has not expectedly risen to meet the number of unemployment claims. This has credit and housing counseling services concerned that homeowners may be staying silent about...
What You Need to Know About an E-Closing
As many things shift to online and electronic services during pandemic social distancing measures people buying and selling homes are getting used to a new way of conducting real estate transactions. One of those things is the way mortgage papers are signed. ...
Welcome to my Blog!
Here you’ll find tips, updates on mortgage laws and changes that can affect your loan or approval. Check back often for more great ideas.