Hi all! I’ve been reflecting on the past couple of months and wanted to tell you a little bit of a story about the lessons I have learned. So the lesson is that starting to work out is horrible. I'm a big fan of working out, I used to run like...Read more →
Mortgage applications follow a pretty set process. Lenders check whether income and assets meet certain criteria, but the actual loan approval is based heavily on what’s in the credit report. As long as there is ample data in that credit report,...Read more →
With interest rates at all-time highs and looking to stay there for a while, lenders are having to think outside of the box in order to prospect leads and stay in business. Yes, house prices are coming down, but are not expected to decrease fast...Read more →
There is a lot of buzz in the industry right now about Mortgage Insurance, specifically whether or not it should be lowered. But what is it and why do we keep hearing about it?
In simple terms, mortgage insurance is just that - Insurance. But...Read more →
Due to the positive experiences regarding the appraisal flexibilities allowed during the pandemic, in the spring of 2022, the mortgage industry decided to make the use of desk-top appraisals a more permanent option for certain transactions.
A...Read more →
We all have been following the recent changes in the mortgage industry. At first, interest rates were at record low levels and most lenders had plenty of both purchase and refinance business to keep their employees busy. But then, rates started to...Read more →
With home prices reaching astronomical levels, it can be difficult for many to qualify to purchase the home of their dreams. However, there is an option referred to as Co-buying that is gaining some popularity. Co-buying is basically a group of 2...Read more →
The Homeowners Assistance Fund (HAF) was passed in 2021 as part of the American Rescue Plan. It was created as a way to make sure individuals and families can stay in their homes, and weather the financial challenges brought on by the Covid-19...Read more →
With the increase in mortgage interest rates, some borrowers are asking about a little-known feature on certain mortgage loans. Assumability. What this means is that home-buyers that are lined up with sellers with an existing assumable loan, can...Read more →