Coronavirus and Forbearance Agreements
As part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, the government has stipulated two important allowances in regards to your mortgage. Firstly, there is a moratorium on foreclosure proceedings, and secondly, you have the right to a forbearance...Can I Buy a House for my Parents?
Yes, you can! And in many cases, at least in the program that I am highlighting here, it is treated as an owner-occupied loan, even though your parents will be the ones living there. This means you get a better interest rate and qualify for lower down payment...What Are Typical Fees Associated with a Refinance?
It’s very important to assess the cost of buying and refinancing. Fees depend on the purchase price and on the loan amount. Since total cost on a purchase depends on the city and county you are buying in, as well as what is negotiated with the seller, I will do a...Considerations When Purchasing a Rental Property
From a loan-perspective, here are some lender rules and qualifications to consider when you’re buying a rental property. Taxes and write-offs are a completely different aspect you need to consider as well, but speak to your tax advisor about this in order to make the...Update on Minimum Down Payment Requirements
Minimum down payment requirements on loans may have changed a little since my last update, so I wanted to review again. The interest rate you qualify for can be quite sensitive to the amount you have down (as well as credit score plus some other factors), but to...Loan Calculator
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