Mortgage overlays are specific rules a lender follows ABOVE the published guidelines set by Fannie Mae, Freddie Mac, FHA, VA and USDA.
We strive to provide the best Mortgage and Real Estate information on current programs, news and the industry at large. Please subscribe to our blog to receive updates via email. Follow the conversation at #MortgageUpdated on twitter or #MortgageUpdated on Facebook for the latest industry updates and helpful articles from around the blogosphere!
The focus of #MortgageUpdated is to be a source of material that can used by everyone. For example, real estate agents can find useful tips on improving their marketing, staying up to date with social media changes, and developing a plan to set themselves apart from their competition.
In addition, mortgage lenders can stay up to date with changes in mortgage rules, learn about new programs and find out how peers are creating a lasting impression on their clients.
Lastly, people who are buying or selling a home are the most important part of our focus. We want to educate our clients, and the clients of our peers, so that they can enter in to a real estate transaction armed with the best knowledge for their situation.
Summer curb appeal tips broken down by US regions including Northeast, Southeast, Midwest, Southwest and Northwest. Plus tips from 14 professionals!
Getting a pre-qualification for a mortgage is a good idea if you are just looking and thinking about buying a home. Getting pre-approved for a loan is almost mandatory when you are serious about purchasing your home.
In order to help you get ready for the spring market, we have compiled various tips and checklists to get your home (or your client’s) in top shape. Our suggestions and actionable advice covers a range of topics.
Many misconceptions exist about the process of acquiring a jumbo mortgage loan. Thanks to the improving luxury housing market, jumbo loans have made a rebound. This article discusses the top 5 jumbo mortgage myths and why they are wrong.
The ULTIMATE Guide to Winter Curb Appeal ideas. Getting a home ready for sale is similar to picking out the right outfit for a vacation; you have to know the climate and the season. Tips and ideas that are great for summer are not quite as effective in the fall and winter. To help people out through the holidays and beyond we have combined a list of ideas and tips focused on listing a home during the winter.
FHA guidelines prospective buyers need to keep in mind when shopping for their home. FHA approved lenders are able to offer mortgages with enticing rates for people that might not qualify for a Fannie Mae or Freddie Mac home loan.
Buying a home requires a bit of preparation. If you meet the following conditions then you should be ready to purchase your first home this Fall!
Many people reach a place in their life where they are ready to improve on their quality of living. This could mean investing in real estate as a way of improving their monthly cash flow or it could simply mean buying a nice vacation home at the lake, in the mountains, or on the beach. For people who wish to convert their primary home to a rental property there are a few rules and guidelines to follow.
An escrow account can be a great benefit to new homeowners that are trying to get their financial plans in order and establish some good money habits.