VA Loans and Termite Inspections Report with Countries

VA Loan

VA Loans and Termite Inspections www.zerostressmortgage.com NMLS #247743 Jennifer Beeston Who Pays For The Pest Report? The 9 states where VA buyers can pay for a termite inspection are: Alabama Arkansas Arizona California Florida Louisiana Mississippi Oklahoma Texas In all other states the buyer is not allowed to pay for termite inspection.  The lender will…

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FHA Tightens Their Belt on Landlords and Self Employed

FHA Tightens Their Belt on Landlords and Self Employed

FHA Tightens Their Belt on Landlords and Self Employed For months I have been waiting.  We knew it was going to come.  It was impossible for FHA to not react to the economic havoc Covid has created.  Landlords and self-employed borrowers’ risk has exponentially grown. Landlords across the country are facing a lack of rental…

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Self Employed Borrowers 2020 Additional Requirements

Self Employed Mortgage

Self Employed Borrowers 2020 Additional Requirements Buying a home or refinancing a mortgage in 2020 has additional requirements for self-employed borrowers you need to be aware of if you are self-employed and looking for a mortgage.   Covid has changed the way we live, and lenders are keenly aware of this. Businesses that were doing great…

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2019 Loan Limits Going Up

Fannie Mae and Freddie Mac have increased conventional loan limits for 2019: Explained I am sure by now you have seen at least a few social media posts about loan limits going up. They basically say new loan limits for 2019. I am here to give you the full low down so next time you…

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What is a short sale?

During 2008-2011 it felt like every single house was either a short sale or a foreclosure.  Once again banks are now providing mortgages with very low down payments. If the market drops by 10% we may see quite a few homeowners underwater (owing more than the house is worth).  Homeowners being underwater can lead to…

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The Fed Raised Rates, Now What…

Yesterday, June 13, 2018, the Fed raised rates by .25% and said there was a strong possibility of two more rate hikes this year.  In mortgage land we always gasp when the fed raises rates primarily because we know we will be fielding 20 calls of buyers who think they now will be priced out…

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