Amortization may be one of the most misunderstood concepts when obtaining a mortgage. Here's a concise explanation of what amortization is and why it matters for anyone applying for a loan.
FREDDIEMAC.COM
Amore Your Amortization Schedule
To my Realtor friends.
Updates on more restrictive credit scores. Please get back to lenders if prequalified buyers. If credit scores are under 640 please proceed with caution. This weekend more restrictive guidelines on FANNIE MAE loans.
While buyers are approved at closing they have to certify at the closing table still actively employed and receive same pay.
Also, remind your friends and customers that forbearance request are not forgiveness request. They still owe more interest.
If you or your customers have questions I will be glad to help with answers. Solutions are within their options., I will listen.
783 4400.
I care. Rose
Just a large red flag to all our Realtors who are working on contracts. Rates are the highest and most vulnerable in a long time! If clients are not locked, I would suggest that you get a new preapproval for your buyers. With market conditions so risky some investors have stopped quoting rates. What a big shock for everyone!
Reason more sellers than buyers in markets. Bonds are being called in early. We are in history books my friends.
SWBC Mortgage is excited to announce that it has again been named one of the 'Best Mortgage Companies to Work For' by National Mortgage News! This annual award is recognition that SWBC Mortgage continues to be one of the industry's leading employers and places to work.
NATIONALMORTGAGENEWS.COM
2020 Best Mortgage Companies to Work For
Happy New Year from Team SWBC MTG Fort Smith
Please have an Awesome Evening with Friends, Family, Clients, and Business Partner’s, but Please Be Safe....
Looking forward to another Amazing Year......
We’re hoping 2020 is Awesome for Everyone.
Want to set your Thanksgiving table in a new home? Call me today and start the process to close this month. Call me today at 479-783-4400. My email is rcatalano@swbc.com if you have questions.
New FHA loan limits have been announced, which gives you more options when choosing your dream home. Beginning in 2021, FHA's nationwide forward mortgage limits "floor" and "ceiling" for a one-unit property are $356,362 and $822,375, respectively. Loan Limits vary by County and MSA, so contact me today for more information!