by Irene Moustakas | May 5, 2020 | Uncategorized
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...
by Irene Moustakas | Jan 22, 2020 | Uncategorized
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...
by Irene Moustakas | Jul 16, 2019 | Uncategorized
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...
by Irene Moustakas | Jul 9, 2019 | Uncategorized
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...
by Irene Moustakas | Dec 17, 2018 | Industry News, Uncategorized
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...
by Irene Moustakas | May 29, 2018 | Uncategorized
I have updated my First Time Homebuyer e-book with current and updated information. Check it out, and feel free to share it as a resource! Financing Your First Home Share this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new...