Since the recent outbreak of COVID-19 there has been a lot of talk about new mortgage forbearance programs. What exactly is mortgage loan forbearance and should you apply for this? Forbearance is not a forgiveness of your loan obligation, but more an extension of your loan term. Under the Federal …Read More
Mortgage News
Can a Co-Borrower Help You Qualify For Mortgage?
Sometimes you just need a little help. When thinking about buying a home, you want to make sure you can afford the new monthly payments. To do this, you need to speak with a mortgage loan officer. With just a brief conversation over the phone, you can get an update …Read More
Higher Conforming Loan Limits For 2020
It’s an annual tradition that happens in the fourth quarter of each and every year. Well, maybe not a tradition in the sense of a holiday but the mortgage industry certainly takes notice. What is this event? Back in 2008 as part of the Home Equity Recovery Act, or HERA, …Read More
2019 Mortgage Rates Forecast – FHA, USDA, VA
Mortgage rates are in a constant flux. Consumers aren’t really aware of these intra-day movements, but mortgage lenders certainly are. While rates can move up or down every so slightly during the business day, it’s the longer term trend that can affect home buyers savings. Interest rates have been moving …Read More