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Four Reasons to Stay Local for Your Home Loan

I am often asked why to use a local bank instead of one of the larger national lenders. Well, there are several reasons:

  • Flexibility. The biggest reason to go with a local bank for your home loan is the increased ability to close loans due to the flexibility of its portfolio. The large national lenders tend to only follow the guidelines from Fannie Mae and Freddie Mac because the loans they complete are done with the intension of selling the investment and risk in the loan to one of those agencies. While most local banks also do…

Post-Pandemic Real Estate Trends

It has been more than a year since our country was shocked and caught off-guard when the CDC requested a nationwide quarantine for two weeks in an effort “to slow the spread” of a potentially killer virus. We had no idea of the unprecedented challenges and loss of life that would follow. The COVID-19 pandemic has had a significant impact including on real estate trends.

Space in the Suburbs
During quarantine, a new way of life emerged for many Americans and there were a variety of responses to the unprecedented challenges – panic selling, irrational buying, jittery markets, remote work. One…

How is COVID Impacting the Real Estate Market?

What started as a health crisis earlier this year, has impacted millions of Americans and quickly become a financial crisis as well. Due to the COVID-19 pandemic, the current economic climate is being compared to the 2008 financial crisis which resulted in a housing crash due to subprime lending, builder new home overstock, rising interest rates, plummeting property values and record foreclosures.

To stop the spread of the virus, social distancing was introduced in early March. Many states implemented stay-at-home orders resulting in the closure of many businesses. This led to more than 36.5 million Americans filing for unemployment benefits….

Buying or Refinancing a Home? You Need More than a Quick Online Approval

A home is likely the largest purchase you will make in your lifetime. As a long-term investment it will have a significant impact on your financial future. With the Internet at our fingertips, the near-instant gratification of an online quote can be tempting, but acquiring the right mortgage for either a home purchase or the refinancing of an existing mortgage is likely one of the largest financial decisions you will have to make. It is crucial to have support as you navigate this important process which can be cumbersome and complex without the right resources.

The biggest question for homebuyers is which mortgage…

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