The Consumer Protection Act was signed into law after the housing crisis. This mortgage reform created minimum standards for mortgages, such as; loans may not contain negative amortization, prepayment penalties, interest only, balloon payment features, a term exceeding 30 years, and the debt to income ratio may not exceed 43%. Many self-employed borrowers who have

Even though the pandemic is hopefully beginning to slow down, fewer homeowners have returned to making regular mortgage payments. As a result, mortgage rates have risen and returned to the higher levels we’ve seen in months. Because the changing of mortgage rates are becoming more and more difficult to predict, it’s becoming increasingly harder to

As predicted, with the rollout of the COVID vaccine mortgage rates have rebounded the to their highest level in two months. Rates are currently at 2.79%, compared to the 2.65% a week ago. Now is the time to act if you have been waiting on the sidelines waiting to refinance your current loan. It’s not

For those who think they can’t get a mortgage on account of their low or nonexistent credit score, or writing off tons of expenses in their tax returns, there’s no need to fret, because there’s essentially 2 ways to get a mortgage. The first one being the more common of having a less than perfect