Lender Explains Forbearance Without Consent Wells Fargo is being sued in a proposed class-action lawsuit that accuses the lending giant of automatically placing some borrowers’ mortgages in forbearance without their permission. The borrowers claim that the forbearance has reflected poorly on their credit reports and prevented them from being able to obtain other financial services, …
Category: News
Sep 02
Steps to Home Ownership Made Easy
Steps to Home Ownership Made Easy Read the below image, then give me a call to discuss. The home financing process can be confusing. Follow these eleven steps for a smooth mortgage experience. With the help of myself and John Coneys of Freedom Mortgage, we can explore homebuying options to help you meet your goals. …
Sep 01
Mortgage Rates Fall Again
Mortgage Rates Fall Again © REALTOR® MAGAZINE Mortgage rates remain near all-time lows, and many economists believe they will stay for the remainder of this year and well into next year. “This year has been anything but normal and as the uncertainty lingers, mortgage rates remain” low, says Sam Khater, Freddie Mac’s chief economist. …
Aug 31
Cozy Is Trending in Home Design
Cozy Is Trending in Home Design The pandemic is ushering in an era of cozier vibes in home decor. As more people stay home due to COVID-19, homeowners are looking for ultra comfort in their nests. The cozy theme is being shown off through warmer neutral shades. This marks a comeback of hues like tans, …
Aug 28
Mortgage Help Is Available
Mortgage Help Is Available Disasters are mounting: Hurricane Laura is making landfall, wildfires are blazing through California, and the COVID-19 pandemic is raging on. Homeowners may find themselves in the midst of many threats. As of Thursday morning, Hurricane Laura was slamming into the Texas and Louisiana coasts with its powerful Category 4 winds reaching 150 …
Aug 27
Millennials Could Prompt Condo Resurgence
Millennials Could Prompt Condo Resurgence The average sale price of condominiums in 2019 was 16% lower than the average sale price of single-family residences, according to data from CoreLogic based on 25 of the largest housing markets. Those lower condo prices could make them a growing draw for millennials and first-time home buyers, CoreLogic …
Aug 25
Credit tips when applying for a Mortgage
Credit tips when applying for a Mortgage. 1 – minimize credit inquires. 2 – Don’t establish new Credit. 3 – Leave unused credit alone. 4 – Seek advice before paying off past due balances. 5 – Hire and expert. 6 – Credit scores. Contact me for more information. Applying for a mortgage? …
Aug 25
Tips for Conducting a Kitchen Video Tour
Tips for Conducting a Kitchen Video Tour Video tours are a growing method to help home shoppers narrow their prospects during the pandemic. But not being able to see the home in person has its limitations. Real estate professionals will want to be sure they zoom in on the right features and offer insights to …
Aug 24
Most Profitable Places to Buy a Vacation Rental
Most Profitable Places to Buy a Vacation Rental As mortgage rates remain low and people look for pandemic-safe getaways, vacation homes are growing in demand, according to Vacasa, a vacation rental management platform. “We’ve seen a surge in demand for vacation homes across our portfolio, and real estate transactions are up as much as 35% …
Aug 21
Home Prices Jump in Rural Areas
Home Prices Jump in Rural Areas It’s hot to live in the country. Housing markets in less densely populated areas are seeing a surge in interest as the pandemic prompts more Americans to social distance. Nationwide, homes in rural areas saw median sales prices increase 11.3% year over year in the four weeks ending Aug. …
Aug 20
Moratoriums Keep Foreclosures Nearly Nonexistent
Moratoriums Keep Foreclosures Nearly Nonexistent Even as mortgage delinquencies climb, foreclosure activity continues to be low. Foreclosure moratoriums ordered by federal and state governments during early phases of the pandemic likely helped to minimize the foreclosure rate, says Rick Sharga, executive vice president at RealtyTrac, a real estate data firm. “It’s inevitable that there …
Aug 19
Mortgage Rates Stay Below 3% This Week
Mortgage Rates Stay Below 3% This Week Mortgage rates inched up slightly this week but still remained near historical lows. The 30-year fixed-rate mortgage averaged 2.96% this week, up from last week’s record low of 2.88%, Freddie Mac reports. “Home buyer demand remains strong, especially for those in search of an entry-level home, where the …
