It’s not everyday that a home is sold in a month or less. Some properties remain unsold on the Multiple Listing Service (MLS) for six months. What if a homeowner has a change of heart and decides to do a cash-out refinance instead? What about the usual cash-out seasoning period? Existing guidelines across most loan programs would say […]
Monthly Archives: October 2017
21
Oct
Oct
It’s fall season. But as beautiful as this season gets, it could also be a good time for home buyers to fall in love with homes that they would potentially call their own. Like buying a house or applying for a mortgage, selling your home has its own hurdles, too. But these things are easy to […]
14
Oct
Oct
The current market for housing is still tight, with skyrocketing demand and an ever scarce supply. Unfortunately, the market is not only attracting buyers, but also the opportunists who want to take advantage of the loopholes of the system. Get today’s mortgage rates! ENTER SPEAR PHISHING No, it’s not a misspelling. As known in the […]
07
Oct
Oct
The release of Desktop Underwriter® Version 10.1 means more convenience for borrowers applying for conventional loans, cutting back on appraisals, project reviews, and self-employment income requirements. Not only that, Fannie Mae allows for shortened or truncated asset account numbers to further protect mortgage borrowers’ financial information. Indeed, the recent Equifax data breach reiterates the need to secure sensitive […]