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Many people have encountered hardships during the pandemic, including homeowners. From lost jobs to tenants not paying rent I thought it would be wise to educate everyone on how to successfully complete a refinance after receiving a mortgage forbearance or forgiveness. As we have seen in the...

LoanSafe Members! This one has been a hot topic recently as many homeowners are receiving a full or partial forbearance on their mortgage due to the current nature of Covid-19. I have had a few people reach out to me and want to refinance to take advantage of the historically low interest rates...

Recently, Fannie Mae & Freddie Mac have put on a risk adjustment to all refinances being done. Does that mean they are expecting a possible reduction in value and preparing for a large number of defaults? That's just about the only thing that I can assume but at this time we don't know. We have...

Hey Everyone, I thought I would update you as to the most recent rules in regards to what happens after covid related deferral or forbearance. Please see below new information released: Late yesterday, the Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac are...

Here are a couple examples of why mortgage rates don't follow the 10-yr Treasury that I thought would be useful for our members. More Risk. The 10-year Treasury is backed by the full faith and credit of the US government. Mortgage bonds are backed by the full faith and credit of American...

We've seen a lot happen over the period of time this pandemic has started and today was another one of those days. Here are your latest updates: • MORTGAGE RATES: The Fed announced this morning that they will purchase as much US debt as necessary to stabilize the economy. This will include...

Have you suffered a loss of income during this Covid-19 pandemic? If you have, you may qualify for a variety of programs being offered by Fannie Mae, Freddie Mac, Ginnie Mae (FHA), VA and USDA. Mainly government programs will and or have started participating in a program allowing payment...

FED Cuts Rates - What does that mean? Refinance now or wait? News headlines are all over the place mentioning the FOMC cutting the Fed Funds Rate by 50bps-1-1.25%. Another Fed announcement just came in that they will be reducing it again another .25 basis points. Are interest rates lower...

As of a couple months ago, not only FHA but also Freddie Mac discontinued their 85% Loan to Value cash out refinance program and limited all transactions (cash out) to 80%. Assuming they are doing this because they have determined the risk level is higher on those products and possibly the...