Here are plenty of reasons to refinance your home — better rates, lower monthly payments, and getting rid of private mortgage insurance are just a few of them.
But there are times when refinancing isn't the best financial decision. Darrin English, Senior Community Development Loan Officer at Quontic Bank ...View More
The Californiafigure was +10.5 in June 2020. This positive figure tells us a homebuyer with the same income is able to borrow 10.5% more today than a year ago. The BPPI figure has remained positive throughout 2019-2020 as a result of ...View More
For home sales contingent on financing, thehas the potential to derail the entire sale — or validate the price, cinching mortgage approval.
When an appraisal comes in below the price the buyer and seller agree to, this is known as a. The mortgage lender will not ...View More
The averageremained roughly level in the week ending June 5, 2020, now at 3.21%. The also remained flat, at 2.62%. FRM rates have descended to historic lows due to efforts to stimulate lending during today’s unstable economic times ...View More
Guidance and advice
As part of the transaction our advice and guidance as real estate agents in the mortgage application process, the transaction agent instructs the buyer regarding:
If you’re looking to buy a home this season — or thinking about refinancing — you may be wondering how things have changed in recent months.
Many routine activities, including parts of the home financing process, look a little different now due to social distancing and other safety guidelines.
Getting ...View More
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The averageremained roughly level at 3.33% in the week ending April 24, 2020, just above the record low reached in the prior month. The increased slightly to 2.88%. FRM rates recently descended to historic lows due to global ...View More