More homeowners and homebuyers can hope for appraisal-free transactions as Fannie Mae’s property inspection waiver is in full swing. Approvals on conventional loans with no appraisal are expected to climb, reducing the costs and time it takes to get a mortgage. An appraisal is a staple in any refinance or purchase transaction. Lenders normally require […]
Monthly Archives: September 2017
21
Sep
Sep
It’s quite easy to get caught up in the excitement of looking for a home to buy. But within your home buying journey, establishing that you’re a serious buyer is a plus. Usually, this can be established through a mortgage pre-approval. Buying a new home is a long process. It takes effort and preparation, especially when […]
14
Sep
Sep
Fannie Mae has unveiled three big changes to how conventional loans are underwritten via Desktop Underwriter® Version 10.1. These new policies are meant to bring homeownership closer to borrowers with student loans or at least, reduce their student debt via a refinance. “We understand the significant role that a monthly student loan payment plays in […]
07
Sep
Sep
Homeownership is an exciting experience. More than a goal, it is a journey. For it to be meaningful, it has to be experienced. Homeownership is very personal. However, all homeowners have one common desire — to keep their homes, where they feel safe and secure. Turning it into a reality can be both fun and […]