Mortgage Rates Forecast For 2022

Jennifer Jerina blog, Home Buying Tips, Title, Escrow & Mortgage, Uncategorized Leave a Comment

By: Andrea Riquier   Mortgage rates have doubled since the start of the year, even after registering the biggest quarterly climb in 28 years during the first quarter. While some housing experts say rates may not get much higher this year, others say it will climb further, pointing to six consecutive weeks of increasing rates through September. Mortgage Rate Forecast for October 2022 Rates …

6 Things to Know About the Home Appraisal Process

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By: Carmen Chai   If you’re selling a house for the first time, pricing it correctly and securing a good appraisal are crucial steps in the home-selling process. So it’s important to be prepared. Appraisals carry a lot of weight, and closing a sale can hinge on the results. Thus ensuring you’ve correctly priced your home at the listing stage …

Back to School Supply Drive 2022

Jennifer Jerina blog, Charity, Home Buying Tips, Title, Escrow & Mortgage, Uncategorized Leave a Comment

It is almost time for the 2022-2023 school year to begin and many children in Indian River County will not have the appropriate supplies to have a successful year. Please help by dropping supplies off at our office located at 3975 20th Street, Suite E, Vero Beach, or by making an online donation through our Target Registry. If you want …

How To Explain The Huge Drop in Mortgage Rates This Week

Jennifer Jerina blog, Home Buying Tips, Title, Escrow & Mortgage, Uncategorized Leave a Comment

By: Matthew Graham Thu, Jul 28 2022, 5:23 PM Mortgage rates have been all over the map recently, both in terms of their movement and in their variation between lenders.  It’s not altogether uncommon for certain borrowers to be seeing rates that are half a point lower than they were just last week and a full point below the mid-June highs. This …

Florida Hometown Heroes Housing Program

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The Florida Hometown Heroes Housing Program makes homeownership affordable for eligible frontline community workers such as law enforcement officers, firefighters, educators, healthcare professionals, childcare employees, and active military or veterans. This program provides down payment and closing cost assistance to first-time, income-qualified homebuyers so they can purchase a primary residence in the community in which they work and serve. The Florida Hometown Heroes Loan …

Purchase Volume Has Another Strong Week

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Purchase Volume Has Another Strong Week By: Jann Swanson Wed, May 11 2022, 9:28 AM Mortgage application volume continued its recovery last week driven by a second strong increase in purchasing activity. The Mortgage Bankers Association said its Market Composite Index, a measure of that volume, gained a seasonally adjusted 2.0 percent and increased 3.0 percent on an unadjusted basis from …

IS IT A GOOD IDEA TO TAKE AN ADJUSTABLE RATE MORTGAGE NOW THAT RATES ARE GOING UP?

Jennifer Jerina blog, Home Buying Tips, Title, Escrow & Mortgage, Uncategorized Leave a Comment

As interest rates are climbing I’ve been getting questions from prospective borrowers if now is a good time to look at Adjustable Rate Mortgages. Even though there is uncertainty as to how high interest rates will go, most Adjustable Rate Mortgages are locked for a period of time.  Typical lock periods are 5, 7, or 10 years.  That means that …

COVID Financing Restrictions Placed On Self Employed Borrowers Begin To Loosen Up

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Starting February 1, 2022, two of the largest COVID-19 loan restrictions have finally been loosened by Fannie Mae and Freddie Mac. The mortgage giants rescinded the rules put in place back in June 2020 that required self-employed borrowers to provide a year-to-date profit and loss statement that reported revenue, expenses, net income, as well as a few months of their …

Changes to Second or Vacation Home Conventional Loans

Jennifer Jerina blog, Home Buying Tips, Title, Escrow & Mortgage, Uncategorized Leave a Comment

ATTENTION TO THOSE LOOKING TO PURCHASE A SECOND HOME IN THE NEAR FUTURE… If you were considering buying a second home/vacation home, you may want to do it NOW. Conventional loans on second homes closing in April 2022 and later will have a SIGNIFICANT pricing hit of as high as 4.125 points! In a lot of cases, Second Home rates have …