Two-thirds of the 7.1 million homeowners who were granted forbearance during the pandemic have already left. Most of this “bellwether” group have either resumed payment on their loans or paid them off. Continue reading
Self-employment has advantages, notably the home office deduction and eliminating commute time. Getting a mortgage, however, is not one of them. Here are a few tips that address the newly stiffened requirements for approval. Continue reading
Over 75 percent of U.S. renters and almost 50 percent of homeowners could pay one month of housing expenses with a $1,200 stimulus check, according to data from Redfin Continue reading
Watch Byron Lazine and Nicole White give a real estate agent’s perspective on industry-related topics. This week, they discuss delayed mortgage payments and iBuyers’ decision to suspend instant offers. Continue reading
The move by Fannie Mae and Freddie Mac came days after President Trump announced that delayed mortgage payments may be an option for borrowers amidst the coronavirus pandemic. Continue reading
The administration did not make clear how borrowers might catch up on payments in the future, however. Continue reading
What would the overall impact of suspending mortgage payments be on the U.S. economy? A Keller Williams economist weighs in. Continue reading
According to Zillow’s latest report, the hike in rates has led the monthly mortgage payment for a median-priced home to increase 15.6 percent since Aug. 2017, which breaks down to an extra $118 per month or $1,416 per year. Continue reading