Mortgage

September 27, 2022
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A lower interest rate may be possible with a temporary buydown

If you’re ready to buy the home of your dreams, but rising rates have kept you on the fence, there may be an option – a temporary rate buydown. What’s a temporary rate buydown? With a cost paid by the seller or builder, your loan’s interest rate is ‘bought down’, meaning reduced, for an initial temporary period. There are no surprises; the rate buydown is adjusted each year by a […]
April 10, 2020
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Mortgage Forbearance and Foreclosure Protections

During this designated disaster period which began on March 13, a borrower with a federally backed loan can request forbearance through the loan servicer.    A federally-backed loan means that it’s either guaranteed or insured by the Federal Housing Administration, Department of Veterans, Department of Agriculture or purchased or securitized by Fannie Mae or Freddie Mac. Once the request is submitted, forbearance is granted for a period of up to 180 […]