Over the past year, the home has become the office, the classroom, the gym, and our safe place. After spending so much time at home, many homeowners wonder, have I fallen out of love with my home? Does my family need more space, or do we need to do more with what we have? Home …
What you need to know about real estate appraisals during a pandemic
A real estate appraisal is a professional unbiased opinion of the value of a home. As part of obtaining financing for the purchase or refinance of a home, the property’s current value, which is the collateral for the loan, must be determined. Since the start of the pandemic, the way appraisals were conducted had to …
DACA recipients can now apply for FHA backed mortgages
DACA stands for Deferred Action for Childhood Arrivals. The original DACA action deferred the physical removal of certain undocumented immigrants brought here as children, who have obeyed the law, stayed in school, or enlisted in the military. DACA and its associated regulations permit eligible individuals who pass a background check to request temporary relief from …
Mortgage rates are crazy right now, and here’s why!
In over 40 years of mortgage lending, I have never seen this kind of rate inconsistency. Major, solvent mortgage lenders have ceased offering certain loans and have pricing that seems ridiculous. Suddenly, FHA, VA are priced in a way that makes no sense, and Jumbo loans are all but non-existent. Pricing can vary by a …
Don’t Let Frightening Headlines Scare You
There’s a lot of anxiety right now regarding the coronavirus pandemic. The health situation must be addressed quickly, and many are concerned about the impact on the economy as well. Amidst all this anxiety, anyone with a megaphone – from the mainstream media to a lone blogger – has realized that bad news sells. Unfortunately, …
Could VA Loans Be Your New Best Friend?
Moving cross-country, sometimes cross-world, is often necessary for military members and their families. The ebb and flow of military life can be exciting, but without a mortgage loan officer well-versed in VA loans, many military homebuyers tend to miss out on opportunities to cut costs and make life a little less chaotic. As Veterans Day …
