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...Should I Make Biweekly Mortgage Payments?
If you can, yes! You’ll end up shaving about 5 years off your loan by doing so (the number of years will vary depending on loan amount and interest rate). Many servicers allow this option once you set up your payments online. If a third party company offers to manage...Loan Calculator
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