While the CARES Act has allowed millions of homeowners nationwide to put their mortgage payments on hold, doing so has left lots of questions for… Read More »Fannie Mae and Freddie Mac Agree to Buy Mortgages in Forbearance
Everything you’ve ever wanted to know about refinancing a mortgage, which is essentially replacing your dusty old home loan with a brand new shiny one.
The current solution for those struggling to make mortgage payments due to COVID-19 is mortgage forbearance. It allows homeowners to “pause” mortgage payments for anywhere… Read More »Could a Cash Out Refinance Be a Better Solution Than Mortgage Forbearance?
The nation’s top retail mortgage lender just knocked it out of the park, despite the ongoing coronavirus pandemic. Quicken Loans CEO Jay Farner was on… Read More »Quicken Loans Just Had Its Biggest Month in History
Following in the footsteps of many other mortgage lenders of late, JP Morgan Chase has upped its minimum requirements to get a home loan. Once… Read More »Chase Now Requires a 700 FICO and 20% Down to Get a New Mortgage
In yet another sign that the mortgage market is completely volatile and far from liquid, top mortgage lender Wells Fargo has severely tightened its jumbo… Read More »Wells Fargo Will Only Give You a Jumbo Loan If You Have $250k in Their Bank
While the mortgage market has become a bit of a mess lately, lenders are apparently still totally slammed and doing record business. For example, Quicken… Read More »Mortgage Refinance Applications Triple from a Year Ago, But Will They All Fund?
CARES Act permits 6-12 month forbearance for mortgage payments on federally-backed home loans HUD has announced a foreclosure and eviction moratorium for single family homeowners… Read More »Mortgage Lenders Now Providing Payment Relief Due to Coronavirus
There’s been lots of chatter around Wall Street that this could be an unprecedented time to buy stocks on the cheap, given the market carnage… Read More »Is Now the Time to Pull Cash Out of Your Home and Buy Stocks?
What Happened to Mortgage Rates? They hit a record low of around 3% last week Then quickly reversed course over the past two days Now… Read More »So Much for the Record Low Mortgage Rates
How Much Lower Should Mortgage Rates Be to Refinance? Unfortunately there is no one-size-fits-all answer to this question Because no two loan scenarios are the… Read More »The Refinance Rule of Thumb: Only Refinance Your Mortgage If…