New “Refinance Fee” has Resulted in Higher Interest Rates. Here’s What You Can Do:
Fannie Mae and Freddie Mac instituted a “refinance fee” of .5% in a surprise move last week. No one in the industry had any idea or warning that this was going to be implemented overnight. So this means that if you want to refinance, your loan will now...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 and Is It Considered Owner-Occupied?
Yes, you can, and yes, it can be! Under this Fannie Mae program that I am highlighting, the home is treated as an owner-occupied loan, even though your parents will be the ones living there, not you. This means you get a better interest rate and qualify for lower down...Your Fixed Rate Term Options
Interest rates are expected to remain low in 2020, so opportunities to refinance at a lower interest rate at little to no cost are readily available, especially if you purchased your home in 2017 or 2018. Many of the clients I refinanced in 2019 went from one 30 Year...Loan Calculator
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