D͟i͟d͟ Y͟o͟u͟ K͟n͟o͟w͟? that there’s not one but two different types of mortgage refinances? Rate & Term and Cash Out. Today’s video is all about the pluses and minuses of a cash out refinance. ———————————————————- 👉 Please subscribe: https://www.youtube.com/c/DamienLGrant ———————————————————- When you hear the word refinance you might think of a standard Rate & Term […]
Did you know that you can use your positive rental history to apply for a mortgage! Learn how to qualify for a home loan using your rent payments. ———————————————————- 👉 Please subscribe: https://www.youtube.com/c/DamienLGrant ———————————————————- The addition of positive rental history can be used as a compensating factor during the underwriting process. This is especially beneficial […]
If you have tuned into the news recently, talks of COVID are slowly eroding away, now being replaced by a new concern: inflation. Rising inflation has caught the attention of expert economists all over the world over the last few months. According to the U.S. Labor Department, inflation hit a staggering new 40-year high in […]
Did you know Fannie Mae has recently made changes to help with favoritism in certain areas by implementing Desktop Appraisals. In this video I will explain what this means for the mortgage industry. ——————– ▶️ Please subscribe: https://www.youtube.com/c/DamienLGrant ——————– When buying a new home or refinancing an existing mortgage, lenders may request an appraisal […]
Rising interest rates are just one of many contributing factors that have made homebuyers a bit pessimistic regarding the current housing market. Considering that 87% of all homebuyers are known to have used some sort of financing for their next home purchase, rising rates seem like a reasonable concern.1 But the fact remains that there […]
Nobody likes to hear that interest rates are on the rise. It’s hard to be a new homebuyer and not associate looming rate hikes as yet another hoop to jump through in the journey to becoming a homeowner. Recent data from the National Association of Home Builders (NAHB) found that 87.5 million households can no […]
If you are looking to buy a new house or refinance an existing mortgage, chances are your lender will probably require an appraisal inspection before they will approve you for a new mortgage loan. Lender’s use appraisal reports to get feedback on the property’s fair market value and condition. While appraisal reports have been widely […]
Despite the tumultuous journey, people are finally starting to get a glimpse of life post-COVID. Although we are not out of the woods yet, the housing industry keeps on trucking as if COVID was just an afterthought. According to new numbers, home values continued to climb at an accelerated clip through 2021. In fact, the […]
Knowledge is most certainly power, especially if you are looking to purchase a new home. There are so many factors to consider from what features you need in a property to which lender or mortgage program works best for you. A shocking discovery recently found that a quarter of borrowers aren’t even aware that there […]
You may recall back to your very first job, opening your paycheck for the first time and even complaining about how much the government took out in taxes. While this may seem like a distant memory, the truth is that many borrowers still opt to collect a paper paycheck. But this is soon to be […]
