Are you ready to buy a home again post Bankruptcy, Short Sale, Foreclosure or Deed in Lieu? If buying a home in 2015 is on your mind yet you feel discouraged due to a recent bankruptcy, short sale or foreclosure, there are several things to be aware of and better yet, take Continue Reading →
The two biggest powers that be in the residential housing industry, Fannie Mae and Freddie Mac, announced detailed plans last week to bring back the 3% down program provided at-least one of the applicants is a 1st time home buyer. This 3% down mortgage was available as recent as last Continue Reading →
Recently an article in the Wall Street Journal quoted the “credit freeze is starting to thaw”. Click here to view the WSJ article While the terminology there is catchy, the current lending environment is simply adjusting to market conditions. There are three components at work here: 1. Home prices continue Continue Reading →
January 2014 will be a very interesting month for everyone in the mortgage industry. The new “Qualified Mortgage” or QM rule is expected to take effect, and while we don’t yet know exactly how it will be implemented or what impact it will have, we do know it will create Continue Reading →
Anyone who has applied for a mortgage in the past few years can probably relate to this saying, as banks and lenders require what is excessive documentation by any stretch of the imagination. Many of my clients who have not been through the process recently can get frustrated and put off Continue Reading →
