Mortgage Rates and Covid 19

Mortgage Rates Are Great, But Some Underwriting Rules Are Getting Tougher In the latest mortgage lending response to COVID-19 Fannie Mae and Freddie Mac have issued temporary lender guidelines for self-employed borrowers seeking a mortgage loan. What are these new guidelines, and how might they impact potential purchasers (or refinancers) who are self-employed? Fannie Mae, …

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Student Loans 101

Basic facts about student loan you should know. Not sure how you (or your kids) will pay for college? You might be planning on a combination of savings, scholarships and grants, but it doesn’t hurt to understand your options for student loans too. Where can students get a loan Federal loans — Federal government loans …

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Fannie Mae’s “Delayed Financing:” Pay CASH for your home today, then CASH-out tomorrow!

Delayed Financing is a cash-out refinance option that can begin as early as one day after paying cash for a Primary, Second Home, or Investment property?  In competitive markets, listed homes may only be available for a few days—maybe only hours.  Buyers need to make solid offers and deliver on agreed terms.  Being a cash …

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Pre-Qualified vs. Pre-Approval…do you know the difference?

Know the difference Many potential borrowers still get drawn into the mistaken perception that once a lender issues them a Pre-Qualification for a mortgage, this means that they have been approved for a home loan. Most home buyers fail to make the proper distinction between being Pre-Qualified for a mortgage and being approved for one. …

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Central bankers meet but aren’t skiing in this week’s Markets in a Minute!

Central bankers meet but aren’t skiing in this week’s Markets in a Minute! Rates may be quiet, but housing stats are making moves. Check it out!   Here is a quick overview of this week’s Markets in a Minute Economy: Mortgage rates stable do to little economic news this week. Low inflation remains a concern.  Fed …

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A Call To ARMs

A 5/5 ARM maybe the option your client’s need. Be sure to watch the video below to learn more. Low initial ARM rate stays fixed for 5 years before it can adjust, then it’s fixed for another 5 years that’s two adjustments within 15 years | Rate can only adjust by a maximum of 2% …

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