Every important step we take is backed by a plan or a decision. Committing to a Mortgage is certainly no exception. Buying Real Estate could possibly be the most crucial decision you make for ensuring your financial freedom.
Read MorePaving the way for PRMG’s HECM Division & Building Credibility within the Industry.
Read MoreAs we begin to thaw out from winter and finally into spring, renovation and home improvement projects start to be discussed. Winter storm damage as well as remodeling projects are on the rise. Furthermore, limited inventory and increasing home prices have brought headwinds to the purchase market. In an article in Remodeling.com, a study by Metrostudy forecast that home improvement/remodeling will be steadily increasing in 2018 and continue through 2020 (and possibly beyond).
Read MoreHas plagiarism become a matter of epidemic proportions in the mortgage industry?
Read MorePeople are working. Unemployment is low. But, still, a lot of the people do not have the credit needed to buy a home. Interest rates are continuously hovering low and predicted to stay low thru 2018. Most importantly, the number of renters continues to climb significantly.
Read MoreIn Bulletin 2017-23, Freddie Mac announced changes to student loans repayment requirements. In their bulletin, they indicated that they believe that the updated requirements for qualifying borrowers with student loan debt support access to credit and provide sellers with a responsible, simplified approach that addresses student loan repayment plans and student loan forgiveness programs offered today.
Read MoreBoth Fannie Mae and Freddie Mac have updated their policy regarding contingent liabilities or debt paid by others. Previously, both Fannie Mae and Freddie Mac required that in order to exclude a borrower’s debt that is being paid by another party, the other party that was paying the debt had to also be responsible for the liability. However, that is no longer the case for non-mortgage debt for Fannie Mae and for both mortgage and non-mortgage debt for Freddie Mac.
Read MoreBoth Chambers of Congress have now passed the Republican Tax Overhaul Bill. It is the first such overhaul in more than 30 Years! The Corporate cuts are permanent, while the individual changes expire at the end of 2025
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