Posts Tagged: Mortgage Process

Looking to Buy a Second Home? Jump in Now Before Rates Go Back Up in April

There will be rising costs for second home loans starting April 1, 2022. The FHFA (Federal Housing Finance Agency) recently announced that they will be increasing fees on specific home loans, including higher upfront fees on some high-balance and second-home loans that are sold to Fannie Mae and Freddie Mac. These fees will increase the… Read more »

What to Expect When Applying for a Home Loan

The home loan process can be an overwhelming one. While each step is crucial, understanding each stage of the process will allow you to obtain a mortgage with confidence. 1. Initial Meeting An initial meeting will consist of a preliminary discussion of your financial overview and monthly mortgage expectations. You’ll want to make sure you… Read more »

The mortgage loan process during COVID-19

In the midst of the COVID-19 pandemic, you may be wondering what’s happening in the mortgage industry. Although things in the world seem to be changing quickly, here’s what we’re seeing right now. Interest Rates The Federal Reserve has taken emergency action to cut rates to zero. While 0% interest rates sound great to anyone who… Read more »