What it Means to “Lock in” on an Interest Rate
When a mortgage professional quotes you an interest rate, you can decide to “lock” it in at the terms and fees quoted, or you can decide to wait and see how the market goes. Remember that if you do not lock in, that quoted rate and cost scenario cannot be...Home Valuation Code of Conduct Letter
The fight against the HVCC isn’t over yet! I would like to share with you the letter that I wrote and sent to 9 of our elected representatives (governor, congresspeople and president). If you would like to contribute your own letter or phone call (or even use...Interior Insurance Now Required on Townhomes and Condos
Lenders are now requiring homeowners of condos and townhouses to insure the fixtures and contents within their home. HOA dues (usually) cover insurance for just the outside of your unit and the development as a whole, not the inside. This can potentially change your...Fannie Mae Refi Plus Program
The Making Home Affordable program is in full effect. You can read about the requirements here, but the highlight of this program is that it allows homeowners that have between 80% to 105% Loan-to-Value (LTV) ratio to refinance. I locked a client in on this program...Loan Calculator
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