Truth is Stranger Than Fiction
The mortgage industry is seeing a plethora of new guidelines and processes in the wake of COVID-19. What's true? And what's a bunch of malarkey?
Forbearance Facts and Your Time to Shine!
Hot topics in the mortgage industry this week include the truth about mortgage forbearance, amazing opportunities for home buyers, and the future of home loan lending.
This Market is Unprecedented
Nothing about our financial markets last week was normal. From historically low mortgage interest rates to extreme stock market volatility, here's how it's all shaking out.
How Low Will Mortgage Interest Rates Go?
The mortgage world is all atwitter about current mortgage interest rates. They're low. Really low. Why? One word: Coronavirus. Are we in for a global economic meltdown?
Big Changes for Adjustable Rate Mortgages
After an initial fixed rate period, the interest rate for adjustable rate mortgages is determined by adding the value of a financial index (often the LIBOR index) to a margin. There’s just one problem. The LIBOR is going away.
What the heck is Government-Sponsored Enterprise (GSE) Reform?
What the heck is a GSE and what does it have to do with your mortgage? Glad you asked. Here's the gist of it.
Automated Underwriting & Appraisal Waivers
The great thing about automated underwriting systems for appraisals is that the system "stores" the appraisal information and makes it more likely that a future transaction for the same property will receive an appraisal waiver. But how does it all work?
Loan Limit Increases Announced for 2020
As home prices continue to rise across the country, so, too, must the conforming loan limits. Let's take a look at what's happening and how it will affect Jefferson County.
Appraisal Wait Times: The New Normal
We have a new normal in Jefferson County, WA: three week turn-times for appraisals.
This is my why
I help people leave the rat race and join the human race. This is my "why."