The Waiting Game: An $80,000 Mistake We saw housing prices gain north of 12% along the Wasatch Front and the state of Utah in 2020. That’s remarkable given the circumstances. We know that Utah currently has the lowest unemployment rate in the country. We’re #2 in terms of in-migration, or families relocating to work in […]
Today I look at the broader question of “Will Housing Prices Cancel Out Low Mortgage Rates?” I stumbled upon a great Realtor.com article that I’d like to share with you. This article covers the national economy and the real estate economy.
Remember that mortgage insurance benefits the lender
FHA loans have the highest delinquency rates on record, going back to 1979.
Did you know that an average home buyer is currently paying $83 per month for every $100k of loan they have on their home toward mortgage insurance?
While renegotiating your mortgage loan with your lender may sound daunting, it’s important to act quickly to keep missed payments from getting out of hand.
Mandi Henriod with Intercap Lending explains in detail some things you need to be aware of if you’re going to purchase or refinance in the next 90-180 days.
The real estate market is on a much stronger footing which will serve it well in any future recessions.
How is COVID-19 Affecting the Mortgage Market? Today we want to talk about the mortgage market and how COVID is changing the mortgage landscape. JPMorgan Chase just announced that it has stopped accepted HELOC applications as of April 14th, 2020. Of course, they’re calling this a temporary pause. In addition to that, JPMorgan Chase is requiring 20% […]
Fannie Mae Assistance Options for Homeowners Impacted by COVID-19 Today we’re going to talk about Fannie Mae assistance options for homeowners impacted by COVID-19. A recent article put together by PRNewswire stated that Fannie Mae wants to help ensure families are given options in these uncertain times in the case of job loss, a reduction in work […]