Divorce and Housing

mortgage loan application

How to Get Your Mortgage Application Approved Post-COVID

Douglas Katz – 2 June 2021 So, I read an article last week trumpeting the loosening of lending guidelines for mortgage loan applications. I actually re-read it several times because, as one in the lending trenches, I am seeing a very different landscape. Deals that I could have done blindfolded with my hands behind my …

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real estate scams

6 Tips To Avoid Real Estate Scams When Closing On a Home

  DOUGLAS KATZ – 05/12/21 – UPDATED 5/17/21 We all know that technology has made it possible for thieves to thrive. With that said, they’ve found new and different ways to steal from you.  One scam that has become a huge issues is what I call the interception scam in real estate closings.  I call …

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mortgage loan forbearance

How Does Mortgage Loan Forbearance Impact Refinancing or Buying a House?

Can you buy or refinance after your divorce?  The question is always complex, but right now it is even more so.  During COVID, many homeowners took mortgage loan forbearance to help manage the financial squeeze that the pandemic caused.  For those unfamiliar with the term, forbearance basically means that a lender is allowing a borrower …

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loan from federal housing administration

Federal Housing Administration Update: Loan Limits Increased for 2021

The Federal Housing Administration (FHA) has announced that, like Fannie Mae and Freddie Mac, are increasing their loan limits.  This increase is a substantial increase from the previous limit and, in many ways, it could have a more significant impact on housing.  FHA loans remain the best option for borrowers who do not qualify for …

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Maximum Conforming Loan Limits in 2020

Conforming Loan Limits Have Increased in 2020. What Does This Mean?

The Federal Housing Finance Agency (FHFA) just announced an increase in conforming loan limits at the end of 2020.  While some counties may vary, this means that Fannie Mae and Freddie Mac Conforming Loans will be available to $548,250 next year.  You can expect that FHA loans to also increase, but there is nothing definitive …

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girl on computer checking mortgage refinance fees

Three Important Considerations About The Delayed Mortgage Refinance Fees

The time is now if you want or need to refinance your mortgage.  In a partial reversal of their announcement last week, Fannie Mae and Freddie Mac have delayed the implementation of the 0.5% fee for refinances until December.  This is great news which I, for one, expected as it takes any negative political impact …

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man upset about mortgage market

How Will Adding A Fee to Refinances Affect the Mortgage Market and You?

The Federal Housing Finance Agency surprised the mortgage market yesterday with an announcement of a 0.5% adverse fee on all refinances.  Citing mortgage market conditions and increased risk from COVID-19, Fannie Mae and Freddie Mac, the entities governed by the FHFA, will be adding the 0.5% fee to all refinance loans after September 1st.  Based …

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