Understand Coronavirus Mortgage Relief Options

The coronavirus pandemic has impacted everyone. For homeowners, they might be wondering how they are able to keep up with their mortgage in light of shelter in place orders, financial difficulties, and unemployment problems. Federal agencies and regulatory authorities are putting relief measures in place during the pandemic to help people who might have trouble keeping up with their mortgage. When it comes to coronavirus mortgage relief, there are a few tips that everyone should keep in mind.  Talk To The Lender First The first step is always to talk to the lender directly and see if there are relief options. The last thing A lender wants us to have a…
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What’s Ahead For Mortgage Rates This Week – September 21, 2020

Last week’s economic news included readings on housing market conditions, housing starts, building permits issued, and consumer sentiment. Weekly readings on mortgage rates and jobless claims were also released. National Association of Home Builders Reports Record High Builder Confidence The NAHB reported record high builder confidence in housing market conditions. The Housing Market Index had an index reading of 83 in September as compared to August’s reading of 78. Analysts said that this builder confidence reading was notable due to rising costs for building materials. Component readings of the NAHB Housing Market Index also rose in September. Builder confidence in current single-family housing market conditions rose four points to an index…
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Restoring A Patio On A Budget: 3 Simple Tips

There are lots of homeowners who are looking at their patio and are not satisfied with what they see. This is where it is important to think about ways to bring that patio back to life. Whether this means entertaining friends or simply relaxing with a cocktail and a book, there are a few easy ways to bring a patio back to life. 1. Target The Pests There are lots of pests that like to make their homes in the patio. This might include debris that is brought in by the wind, critters that like to dig underneath the patio, or even kids’ toys. There are ways to prevent critters from…
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Buying A New Car Impacts The Ability To Buy A New Home

Those who are in the process of buying a new home need to be aware of some of the factors that might influence their ability to do so. Even though credit score, income, and assets will play major roles in whether or not someone might be approved for a loan, there are other factors that will play a role as well. Buying a new car might even have an impact on the homebuying process. Why is this the case? The Debt Payments On The Car Will Play A Role There are multiple ways to buy a car. Some people elect to pay cash for the entire vehicle. While this is a…
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4 Ways COVID-19 Has Had An Impact On The Home Lending Process

The COVID-19 pandemic has impacted everyone and this includes the real estate industry. One of the biggest impacts that this pandemic has had involves the home lending process. Because many people are looking for ways to buy a home while engaging in proper social distancing measures, the industry has had to adapt. Learn more about some of the changes the COVID-19 pandemic has forced on the home lending process. Homes Are Getting More Affordable The demand for homes right now is high; however, homes are still more affordable than they have been in the past. Lenders are trying to find ways to encourage people to purchase homes because they have seen…
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Speeding Up the Close: Five Tips on How to Close Your Mortgage Loan Faster So You Can Start Moving In

When a seller accepts an offer from a buyer, the process of obtaining the property has just begun. The buyer now has to conduct an inspection, get approval from an attorney and obtain a mortgage - all of which can be time consuming. Here are a few ways that you can speed up the mortgage process and close the deal sooner. Make Sure That You Have Money For Closing Costs Do you have the money needed for a down payment and to pay other closing and prepaid costs? If not, you won't be able to close until you find the funds to pay those costs - and this could delay the…
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