Credit scores are a pivotal part of the home-buying process. Not only does your credit score determine if you qualify for a loan, but it also determines your mortgage terms, most importantly, your interest rate. First-time homebuyers often jump into the process of looking to buy a home without really …
Read More »Dispatches from a Pandemic: ‘I have a mortgage to pay’: Sex workers banned from small-business loans under CARES Act due to ‘prurient sexual nature’
Like many self-employed Americans, Andre Shakti has lost most of her income over the past few weeks. Most of the clients who used to see her in person have stopped calling, the business where she worked as an independent contractor is closed, and a conference she co-organizes has been canceled. …
Read More »Mortgage rates drop to another historic low
Wall Street rallied this week as the country starts to slowly reopen businesses, there are some signs of peaking regarding hospitalizations for COVID-19 and there have been more positive studies about potential treatments. However, the data still paints a dismal picture for the hole the United States’ economy will have …
Read More »Refi remains king with mortgage rates historically low
As of this week, more than 26 million Americans have filed for unemployment. That number is staggering. This week alone, according to the Labor Department, 4.4 million more Americans filed initial unemployment claims. The positive that we can draw from that is perhaps we have reached the peak of job …
Read More »Understanding mortgage servicing
With COVID-19 fears spreading as fast as the virus itself, businesses have shut down and a record number of Americans have either lost their jobs or taken dramatic pay cuts. That’s led to many American homeowners looking to see whether the CARES Act, the government-backed stimulus package, can help them …
Read More »Planning To Refinance Your Mortgage? Here’s What to Expect
The coronavirus pandemic has disrupted life for virtually every American. That includes homeowners—particularly owners who may have been considering a home sale before the COVID-19 crisis hit but who are now skittish about listing their properties in an uncertain real estate market. But not all the news is negative. One …
Read More »Mortgage rates still a silver lining, new drug gives markets life
A huge development overnight has the stock market rallying early Friday morning. Reports claim that a drug named remdesivir has helped treat those suffering severe symptoms of the coronavirus COVID-19. The report from STAT news says the drug was the first to show positive healing effects in lab tests and …
Read More »Why It Just Got Harder to Get a Mortgage or Refinance
3 minute read We’re in the middle of a global pandemic, and the stock market in well off its highs. 6.6 million Americans filed for unemployment in the week ending April 4th. Yes, interest rates are very low right now, and lots of homeowners could save money by refinancing their …
Read More »Can I skip a mortgage payment because of COVID-19?
The coronavirus pandemic has us all concerned about our health, the safety of friends and family and about our jobs. Businesses that haven’t closed have probably seen a significant loss of revenue, leading to record numbers of workers experiencing a partial or total loss of income. While waiting to return …
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