Is there such a thing as a “home buying” season? Yes! Many parts of the country do indeed experience certain times of the year that are more conducive to home buying. We’re here to help our clients during this process and wanted to point out a few things to consider when home searching. During the […]
Since President Donald Trump has been sworn into office he and Congress have begun to tackle their fiscal policy agenda. Here at Nations Lending, we think it’s important for clients to understand these policy changes and how it may impact the economy. Common policy changes may include: increase in defense spending, the repeal of the […]
On Friday, Jan. 20th 2017, Housing and Urban Development (HUD) suspended the premium rate cut for FHA backed loans until further notice. HUD’s letter implied that they felt the insurance fund was not yet stable and couldn’t afford the rate cut, therefore suspended it “indefinitely & effective immediately”. Nations believes that FHA loans are still a great […]
The Federal Housing Administration (FHA) has great news for homeowners! Borrowers who will be obtaining FHA financing for their home will soon welcome an annual reduction in their premiums by 25 points. As the government issuer of low down-payment home loans, the FDA says it will save Nations Lending’s FHA borrowers an average of $500 each this […]
With the increase in rates, many borrowers are reminded that every lender has their own policies when it comes to rate locks and the options when the lock is set to expire. The home loan business is one of the few that offer a consumer to lock in a price now for something that happens […]
Donald Trump won the US Presidential Election and interest rates immediately shot up. Why? Although mortgage rates have been gradually moving higher since September, just after two post-election trading days, we find mortgage rates right where they were in February early this year. Trump won’t officially become President until January 20th 2017 but we are […]
No one enjoys thinking about natural disasters, especially the effects that they have on our homes. Here at Nations Lending, we do business all across the United States and are well versed on how to handle all types of disasters from hurricanes to tornados to earthquakes. With the recent devastating Hurricane Matthew and the damage […]
Here at Nations Lending we have a mix of experienced mortgage advisors as well as newly minted advisors to help clients. No matter the experience, there is no doubting that there is consistently changes to the mortgage industry. To show the major trends and changes, Zillow conducted a Study that analyzed data on millions of conventional, […]
Nations Lending’s experienced mortgage advisors are great at setting our borrower’s expectations and asking questions up front. We tell potential borrowers that if they are in the market to purchase or refinance a home, there are questions our clients will be asked. Some answers will potentially complicate the process, meaning more documentation will be required. […]
Fannie Mae (not Freddie Mac, yet) has rolled out Desktop Underwriter (DU) 10.0. Will it help Nations Lending’s borrowers by providing wider credit opportunities for borrowers who may not have been approved through the previous version of DU? The changes will apply to new loan case files submitted to DU Version 10.0 starting this week. […]
