What is a Mortgage Forbearance Agreement?

How can homeowners who are clearly not at fault for their lack of sufficient employment navigate through this time? One option is mortgage forbearance. This article will discuss what mortgage forbearance is, what it involves, and whether you should agree to this plan.

All About Being A Mortgage Loan Processor

If you have ever bought a home and taken a mortgage, then you must have dealt with a mortgage loan processor. However, have you ever wondered what does this job entail or even how you can become a loan processor? In this article, we discuss in detail the role of a mortgage loan processor- the education and training required, the responsibilities and what a typical day on the job looks like.

A Checklist For The First Time Home Buyer

Buying your first home can be an exciting yet stressful endeavor. After all, it is one of the biggest purchases you will make in your lifetime and if you’re not familiar with the process, it can be a little intimidating. Understanding the steps involved will help you navigate through thinking about buying a home to closing the deal.

What is it Really Like in a Day in the Life of a Loan Officer?

Congratulations! You’ve passed all the requirements and you are officially on your way to a brighter future in the real estate industry. You should be proud of yourself! We certainly are! Now, you’re ready to truly experience what it means to be a loan officer. It’s a fast-paced world with ample opportunity for advancement, and with that comes great responsibility. You’ve come this far and that shows you’ve got the start of what it takes to excel in a highly competitive and rewarding field. So, now let’s take a look at a typical day of a successful loan officer.

Top 6 Benefits of Living In a Condo vs an Apartment

Urban living is an enjoyable lifestyle for many. Many people prefer to live in a perfectly sized space inside a greater building and community of other homes. The shared building means there are always people to say hello to in the hall and trade neighborly favors over time. While most people achieve this by living in a luxury apartment, this strategy has a few inherent downsides. An apartment does not belong to the resident, and there are some things you just can’t do.

How to Start Saving for a Home in the New Year

Was your New Year’s resolution to save up for your first home? Buying your first house is a huge achievement, and part of that is the financial commitment. When you are ready to submit a sales contract to purchase a home, you must include an earnest money deposit. Once the contract ratifies and in many cases in order to settle on the home, you must have the down payment. That down payment needs to be somewhere between 5% and 20% of the total home’s sale price, which means thousands of dollars saved for a nice home.