Found 3 blog entries tagged as loan.

When I read this article I thought it was so valuable. We all know that once the pandemic is over we will have to deal with a fall out and it seems like we are continually questioning what that could be. It is definitely going to take a big dose of thinking “out of the box” and trying things that we haven’t done in the past. That being said, there are still so many unknowns. There is confidence that the housing market overall is much more stable than 2008 so riding through this with creativity is very positive & hopeful.

Amy Dobson, senior contributor for Forbes.com, delves into a few ideas.

There is more than one way to pay down your mortgage. And you don’t have to rob a bank to do it. 

Numerous federal agencies…

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Interest rates have been plummeting, but the cost of taking out a mortgage hasn’t fallen as fast.

Falling rates are usually a boon to the housing market, since that typically lowers the interest rates that lenders offer on mortgages. Borrowers can then buy homes or refinance their existing mortgages at a lower monthly cost. But they haven’t been feeling the full benefit of the recent rate swoon, one reason the housing market has remained cool over the past year.

Melissa Cohn, a mortgage broker and banker at Family First Funding LLC in New York, said she has been trying to temper clients’ expectations in recent months about how low of a mortgage rate is available to them.

“A lot of people hear stories about where rates should be and come in…

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You can’t shock your loan officer. They’ve heard it all before. Count on the fact that your loan officer has answers to all the uncomfortable mortgage questions you may be too afraid to ask. Itchy topics like getting a home loan with no job, taking an ex off your mortgage after divorce, and filing for bankruptcy aren’t as scary as you think.

Opening up your personal life and your finances to someone you just met isn’t easy. Understandably, many borrowers are hesitant about laying all their cards on the table. Vanguard’s 2017 research found that a strong financial relationship is built largely on emotional trust. In short, looking out for a borrower’s interest. Finding a loan officer who’s not only willing but happy to answer some of your stickier…

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