I recently had a situation where the lender on my personal home sent a letter saying that our escrow account was short. Like, a lot short. It turns out the lender didn’t follow its normal method of contacting us, so we had no idea once our taxes were paid for 2020 that our escrow accounts were not going to have enough money remaining in it.
I use the word “save” loosely.
Can you get a mortgage for less than 3%? Yes – right now you can find conventional mortgages that start with a 2.
The good news is that they’re not as difficult as they were several years ago. As Carl Spackler would say …
Federal Reserve
Tap tap tap. Is this thing on? It’s been a long time since I blogged with any regularity at all, but today seemed an appropriate day to dust things off and get back into the saddle. I was speaking to a group yesterday and was asked about the blog, where I was reminded that it had been far too long since I had done this blogging thing. So … let’s get back to this, shall we? Now’s as good a time as any.
If you watched the Super Bowl Super Bowl commercials, you might have seen an ad for Rocket Mortgage, Quicken’s new loan product that promises a mortgage loan from onqfinancial.com with just a click of a button.
Yesterday, the Federal Reserve raised short-term interest rates. So what’s it mean for home buyers in the New River Valley?
You’ve decided to buy a house. Congratulations! You’ve written the offer, and while you’re waiting for the seller to sign you’re driving by the house to see it and show friends and family … you’re excited, and you should be!
This morning at a home inspection, I was talking with a client who’s under contract to buy a home here in the New River Valley. As we’re oft to do, we got to talking about the timing of everything going forward, and I mentioned underwriting.