What lessons do we as an industry take away from the events of 2020 — lessons that can help us make our businesses more resilient in the future? When the world seemed to come to a standstill in March of this year, many real estate professionals [...]
Much like pandemics of the past, the coronavirus has dramatically shifted homebuyers’ and homeowners’ priorities. Although much of the focus this year has been on home offices and entertainment space, Zillow’s 2021 home trends forecast proves [...]
Posted on December 10th, 2020 The Department of Veterans Affairs (VA) has proposed a new loss mitigation method to help homeowners with VA loans in COVID-19 related forbearance get back on track. The new program, known as the COVID-19 Veterans [...]
The number of mortgage loans in forbearance stayed constant from the previous week at 5.54 percent, during the week ending November 29, 2020, according to the Mortgage Bankers Association’s (MBA) weekly forbearance and call volume survey. Loan [...]
I thought it would be helpful to create a post that answers a lot of top “mortgage questions” that consumers tend to ask in one convenient place. You should know the answers to all of these questions if you’re serious about getting a mortgage [...]
If you’re new to real estate, or preparing to make an offer on your first home, you might be wondering what mortgage is best for a novice home buyer. While both seasoned homeowners and first-time buyers may wind up with the same exact home loan, [...]
You know that buying a home is expensive. That is why you are working so hard to save up a down payment why you are shopping so carefully for the best deal on a mortgage. What you may not know, however, is that the price of the home is not the only [...]
For most people, a home is the biggest purchase they’ll make in their lifetime. It’s a huge financial commitment, and the average American homeowner spends about a third of their monthly income on housing costs. With a purchase that significant,[...]
When mortgage interest rates fall, homeowner refinancing activity tends to spike. Those with mortgages on their homes recognize that they might be able to improve their financial situation. If you’ve seen low rates advertised online, maybe [...]
Since 2019, data suggests that younger homebuyers have been drawn more to the suburbs than to city-center living. The primary driver for the recent shift, according to the experts, is the affordability of homes. In many U.S. markets, the demand for [...]