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    John

    Member
    January 6, 2024 at 7:13 pm in reply to: VA Manual Underwriting Refers

    On a true VA manual you can have no late payments in the last 12 months. After that any collection charge off you do not count for debit ratios. So it’s zero monthly payment unlike all other mortgage products.

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    John

    Member
    January 6, 2024 at 6:58 pm in reply to: Home Equity Conversion Mortgage (HUD Reverse Mortgages)

    They have changed the LTV that in most cases it does not make sense any more. They Idea situation if the house is owned out right and the client is low on money and wants to stay in there home till death and live in there home.

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    John

    Member
    December 19, 2023 at 3:44 pm in reply to: Accessory Dwelling Unit

    Assets, Information and Services AIS she runs a 100 million annual budget for the city.

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    John

    Member
    December 19, 2023 at 6:54 am in reply to: Accessory Dwelling Unit
  • The rise in mortgage rates has side-lined buyers as higher rates have crushed affordability, hitting the home-sales market. However, housing prices remain steady, with the reduction in supply seeming to have outweighed the decline in demand.

  • Some former regulators and industry officials say the current period is worse than the 2008 financial crisis, when at least falling rates spurred a large refinancing wave. Because so many borrowers already locked in ultralow-rate mortgages during the pandemic, there’s no big refinancing rescue on the way

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    John

    Member
    December 16, 2023 at 5:18 pm in reply to: Refinance Home Loan

    A refinance occurs when the terms of an existing loan, such as interest rates, payment schedules, or other terms, are revised. Borrowers tend to refinance when interest rates fall. Refinancing involves the re-evaluation of a person or business’s credit and repayment status.

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    John

    Member
    December 16, 2023 at 5:16 pm in reply to: Mortgage Broker

    A mortgage broker is a financial intermediary who matches home borrowers with potential lenders in order to obtain the best possible mortgage

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    John

    Member
    December 19, 2023 at 6:59 am in reply to: Accessory Dwelling Unit

    Zoning is difficult and I saw this the other day and am in the process of learning the zoning issue. If anyone has more knowledge on this please share.

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