5 Important Forbearance Facts You Need to Know if Freddie Mac Owns Your Loan

Editorial | One of the hottest trending topics in the housing industry during the pandemic has been Forbearance. Millions of borrowers across the United States have been directly or indirectly impacted financially by the volatility of the current market and could potentially benefit from seeking a Forbearance. Many borrowers, however, are unfamiliar with how this type of mortgage relief program works. Borrowers must keep in mind that forbearance doesn’t erase what they owe. Instead, it provides options on how they can affordably repay missed payments later on. In essence, a forbearance is a written agreement that allows a borrower to reduce or suspend monthly payments for a specified time.   

Read More

Want to Close by Your Closing Date? (I Would)

My friend found their dream home in the mountains and was all set to move (the Uhaul was packed and everything!) before they were informed their mortgage file was delayed in underwriting and they were not going to close by their original closing date. While I was on-hand to commiserate with them, I bit my tongue when it came to saying this scenario was avoidable. There are three main factors that often delay a file in process or underwriting, and it behooves you as a borrower to know these potential pitfalls before you advance through the mortgage lending process.

Read More

Making a Mortgage Loan Application Process Easy

Having an offer accepted on a home is a wonderful moment! But many out there believe the process of getting approved for a mortgage loan is like pulling teeth. There are ways to make it easier, just like flossing regularly before going to the dentist. The loan process is not that hard, as it largely boils down to submitting the collection of items that are required for your loan to be approved by the lender so your file can go through underwriting.  For every mortgage application, there is the basic list of items you will need to provide your lender: 

Read More

“No-cost” Refinancing Deals: Should You Consider It?

A “no-cost” refinance simply means that you’re not using any cash reserves to pay the closing costs upfront but in other ways. Mortgage interest rates are the lowest in 50 years, according to the Wall Street Journal and we can now offer you refinancing with almost nothing out of pocket. Although interest rates are at historic lows, refinancing only makes sense if you are aware of all that is involved in your refinancing process.

Read More

Top Loan Programs Available for First-Time Homebuyers: Part 2

As a first-time homebuyer, it’s important that you know the loan programs available to you. In the first part, we discussed the two popular loan programs available for most homebuyers. In some circumstances, there are also loan programs that can help you buy a home if you have a limited budget or if you want to save your finances for other important matters.

Read More

Equity is Increasing!


If you think 2020 hasn’t been full of much good news, we do have some actual good news for just about everybody who is reading this. The amount available to homeowners to borrow against their house hit a record high of $6.5 trillion earlier this year. Additionally, 9 in 10 homeowners currently have a primary rate at least 0.75 percent above the prevailing market average rate as mortgage interest rates continue to hit record lows. If that isn’t good news, then we don’t know what is! 

Read More

Top Loan Programs Available for First-Time Homebuyers: Part 1

Many first-time homebuyers are entering the real estate market this summer amidst the COVID-19 pandemic in order to acquire a piece of the American dream: homeownership. What many are realizing is that mortgage interest rates have become more favorable than in years past. As a first-time homebuyer, you may too find yourself competing with other buyers in a sellers’ market – where home prices have increased, and inventory is small. However, if you find your budget is tight, here are the best loan programs to help you buy a home for your family.

Read More

How Would You Know if it’s the Best Time to Cash-Out Refinance?

Mortgage interest rates are at tempting levels that could make you wonder if it’s the right time to reap the rewards of your investment as a homeowner. Cash-out refinancing could be an option if you want to take advantage of the historically low interest rates and augment your finances especially during this difficult time as the nation deals with a health crisis.

Read More