Mortgages
The surge of first-time homebuyers is growing at an incredible pace. Spurred by latent economic effects of our recent COVID climate, many have been drawn to the market by a perfect combo of cash stimulus and limited opportunities to spend. While many restaurants, bars, and entertainment venues have been out of commission, home offices have…
With concerns about the real estate disruptor’s profitability likely putting a lead foot on the pedal, Compass announced that the brokerage has engaged Guaranteed Rate to found OriginPoint, a new mortgage origination company that will roll out to Compass offices soon. It’s been no secret that Compass, launched as a residential real estate brokerage in…
Local mortgage experts say homeowners who can’t pay their mortgage because they’ve lost income due to COVID-19 have several options for mortgage relief — but you have to ask. “If you need help, ask for help,” says Lisa Peters, branch manager for the Sherry Lane branch of Caliber Home Loans. “There are a lot of…
In the 29th episode of the BobMortgage Zone, Bob Johnson (AKA BobMortgage) gets down to the nitty gritty of that initial pre-qualification discussion. As Bob tells a client who hasn’t purchased a home in a while, the pre-qualification conversation isn’t anything you should be anxious about. Instead, it covers some important information that can help…
Have you ever wondered what the difference is between an FHA loan and a conventional loan? There’s no better person to ask than our most-trusted mortgage adviser, Bob Johnson (AKA BobMortgage). Frequently asked questions usually center on how the loan type affects appraisals, down payments, and debt-to-income ratios. How does it affect mortgage insurance, and…
