The more things change, the more they stay the same.
Except in mortgages. Things never stay the same. Everything changes.
Take last year.
Government-backed Fannie Mae made 68 changes in its official mortgage rulebook. Sixty-eight.
That’s more than one per week and changes like that change the way that mortgage loans are approved.
- In-between jobs and buying a home? Your lender can do that mortgage now.
- Carrying debt from student loans? Your lender can exclude some of them now.
- Making a small down payment? Your lender has more options for you now.
These changes are powerful — and also recently enacted — which is why you can’t rely on random webpages or your Aunt Jenny in real estate to tell you whether you’re eligible to get a loan.
You got to talk with a lender because everything changes and, right now, mortgage rules are as loose as they’ve been in a decade.
Talk with a lender. It’s an excellent time to see what you can do.
Are you a first time home buyer?
Let us know if you’ve done this before - whether you’re a seasoned pro or buying for the first time. We’ll share the perfect information with you as you need it.
An insurance claim is an official request you make to an insurance company, asking to get paid for damages. Insurance claims can be made for any reason that’s a part of your insurance policy. When you have homeowners insurance, you can make an insurance claim after a fire in your home; after there’s been theft […]