COVID-19 changed a lot for people, and not just about their health. Most people’s finances changed too, including the way they get a mortgage. Residential mortgage lending initially saw a dramatic increase in its requirements, making it much tougher for anyone to get a mortgage. As we continue to navigate the pandemic, the requirements aren’t as strict, but many things are … [Read more...] about The Impact of COVID-19 on the Residential Real Estate Lending

Millions of Americans have little to no cash flow thanks to COVID-19. While it can be scary, if you own a home, you have options. Before you jump in and refinance your mortgage, though, know your options and the requirements. Some lenders tightened restrictions in the face of COVID-19, while others offer the olive branch you need to temporarily ease your financial … [Read more...] about Coronavirus Pandemic: How to Get Quick Cash from Your House

If you want to buy a house that is run down and won’t pass an appraisal, you probably think of the FHA 203K loan as an option. This loan program gives you the funds to purchase and renovate a home so that it will pass the FHA appraisal. You can even make cosmetic changes to the home if there’s room in the loan. What if you don’t want the FHA 203K loan, though? Are there other … [Read more...] about Alternatives to the FHA 203K Loan

You lost your home in foreclosure so you assume that you won’t qualify for a conventional loan anytime soon, right? We have good news for you - it is still possible to get a conventional loan and you may not have to wait as long as you thought. Today, Fannie Mae guidelines allow you to get a conventional loan as soon as 2 years after foreclosure. Looking for Current Mortgage … [Read more...] about Can You Get a Fannie Mae Loan After a Foreclosure?