By now I’m sure you’ve heard the term mortgage forbearance mentioned in news and media articles. But what exactly does forbearance mean and is it free money? We sat down with Tom Sawyer, Resident Mortgage Loan Originator and Craig Schrank, EVP of Willow Bend Mortgage to give you further insight into this complicated topic.
One of the top questions on most homeowners’ and future homeowners’ minds is: what is the mortgage rate forecast and where are the mortgage rates likely to go in 2020? And while we wish there was a hard and fast answer, it simply can’t be known with certainty. However, we can gather some clues by examining the yield of U.S. Treasury securities, the performance of the U.S. economy and the actions taken by way of the Federal Reserve’s Open Market Committee.
When applying for a mortgage, there are specific tasks you should do and actions to avoid to help streamline your loan process. Take a look at this list of “do’s” and “don’ts” to make sure there are no unexpected holdups on the approval of your loan.
Are you thinking of buying a home, but unsure of what the steps are to getting a mortgage? The amount of paperwork can seem quite daunting, but we’ve streamlined as much as we can here at Willow Bend Mortgage. Here is a list of the information normally needed when you are applying for a home mortgage.
Curious as to what the home loan process is like with Willow Bend Mortgage? We’ve made it as easy and streamlined as possible. Click through to see our simple 4-step process.
Getting a home loan can be a confusing and difficult time – but with WBM, we are committed to holding your hand through the process. We’ve put together a list of commonly used terms and definitions for you to reference while you apply for a mortgage loan.