In August, mortgage borrowing in the UK increased by the greatest amount since the beginning of the financial crisis and according to the article in the Financial Times is just the latest sign that the real estate market is starting to heat up. Last month net lending increased by £3.4 billion which is the largest monthly rise […]
Being denied a mortgage loan can seem to shatter your dreams of home ownership. But arming yourself with knowledge before sitting down with a lender can improve your chances of being approved. Here are three of the most common reasons mortgage applications get denied and how you can avoid them: 1. Poor Credit History. Not surprisingly, […]
The panic surrounding the coronavirus outbreak has caused widespread economic upheaval. Stock markets have crashed, companies from all across the country have shuttered operations and laid off employees, and many are predicting that a major recession (or even a depression) will soon be upon us. So, it might sound counterintuitive to consider buying a home […]
Fannie Mae and Freddie Mac have been told by the Federal Housing Finance Agency to come up with alternatives to appraisal requirements and employment verification on loans they service through May 17, in response to the COVID-19 shutdown. “To allow for homes to be bought, sold, and refinanced as our nation deals with the challenges […]
Scammers are reportedly targeting homeowners with fake offers of financial aid at a time when many are struggling to pay their mortgages due to the coronavirus outbreak. In one example, Freddie Mac last week warned of a new scam that saw borrowers receive fake calls impersonating the mortgage giant, offering low interest rates and other false assistance. […]
