The first federal checks to families could be $3,000 for a family of four under the plan the Trump administration has proposed to Congress in response to the coronavirus pandemic. The virus relief plan is aimed at helping Americans without paychecks avoid foreclosure and other financial hardships and preventing businesses from sliding into bankruptcy. President […]
We are in uncharted territories and our government wants to keep people in their homes during this national emergency. President Donald Trump announced today that the Department of Housing and Urban Development is suspending all foreclosures and evictions until the end of April. “The Department of Housing and Urban Development is providing immediate relief to […]
Go around your house and clean the following areas with disinfectant: Tables Desks Counter tops Nightstands Hard-Backed Chairs Stair Railings Doorknobs Light Switches Keyboards Remotes Toilets Sinks Faucet Handles Disinfect these surfaces with household cleaning spray multiple times a day and really scrub them. Let the entire surface become visibly wet with cleaning product for […]
Italy has experienced the highest level of outbreak in the world of COVID-19. According to Johns Hopkins University, Italy has over 15,000 cases, and more than 1,000 people have died. As a result, Italy is, so far, the only government to introduce a plan to suspend mortgage payments and other bills for people affected by the […]
The Fed cut rates to 0% What does this mean exactly and how will this affect mortgage rates? The Federal Reserve announced it will drop interest rates to zero and buy at least $700 billion in government and mortgage-related bonds. This is part of an emergency action plan in response to the risks COVID-19 poses […]
A jumbo mortgage, also called a non-conforming mortgage, is a home loan used to finance properties that are too expensive for a conventional conforming loan. This loan, as implied by its name, is larger than other loan types. The maximum amount for a conforming loan, while it varies county to county, is $510,400, as determined […]
Most of us have never heard of a Zombie Lien. It is such a hidden disaster, it is not even explained in the online, very popular Wikipedia. When it strikes, we must first become aware of what it really means, how it happened to us and then figure out quickly how to save ourselves. The […]
The virus COVID-19 poses serious damage to the economy. Governments around the world are ramping up their response. The Federal Reserve made an emergency cut this week to interest rates in hopes of curbing economic fallout from the coronavirus outbreak. It is the first emergency cut, and biggest one-time cut, the Fed has made since the […]
Mortgage rates have been incredibly low and data shows, they just dropped even more. The average 30-year fixed-rate mortgage clocked in at 3.37% on Friday, according to Nerdwallet. This is down 38 basis points over the month, the lowest 30-year rate on record for the survey. The dip has made buying a home significantly more […]
John, a real estate investor, wishes to purchase an office building for a million dollars plus spend another million dollars to renovate it. He believes the building will be worth approximately $2.5 million after the renovation. John doesn’t have the $2 million it will take to make this happen right away and he doesn’t want […]
