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This is the Current Typical Loan Documentation to begin a Investment Home Loan Application: Borrower Sponsor details we typically need to learn more: §  Copy Of Mortgage Statement (s) and Notes §   Zip code of Rental(s) §   Purchase or REFI? §  Resume or simple summary of Investment Property experience/ §  Schedule of RE owned §  Online Loan Application and credit score…

Mortgage Relief for Homeowners If you are experiencing a hardship such as job loss, income reduction, or sickness due to COVID-19 and you are no longer able to make your mortgage payment, your mortgage servicer is available to help with mortgage relief options, including: Payment relief through a forbearance plan offers a reduction or suspension of your mortgage…

It was big, bad news when it came out last summer.  Almost a year later, the 50 basis point “adverse market fee,” which affected a majority of refinance mortgages has been eliminated! Backstory In early August 2020, Fannie and Freddie (who collectively buy or guarantee a vast majority of all mortgages) announced that virtually all…

Mortgage rates are coming off a solid performance last week after having moved to the lowest levels in 5 months by Thursday afternoon.  This week is shaping up to be a bit different, however.  In fact, as of Tuesday afternoon, the average lender has lost most of last week’s improvements. What’s behind the volatility? There are both general and specific considerations.  In a general…

Are you looking to take advantage of Today’s Low Interest Rates for the longer term? Maybe you seek a lower initial home loan payment, after also receiving some cash out from your home equity? Borrowers today need more loan options. They seek solutions. We understand that. One Loan concept that Dan Cassel and the Trinity…

Mortgage rates have fallen fairly consistently over the past 2.5 weeks with the past 2 days seeing some of the better improvements.  There haven’t been any major revelations behind the move, but timing plays a role.  Last week ended with a stronger-than-expected jobs report.  That’s the sort of thing that typically pushes rates higher, but the bond…

Dan Cassel and the Trinity Mortgage Broker team work with our Borrowers on each Mortgage Loan Application to achieve success. Upon our Submission of a Borrowers Loan paperwork and all items being acceptable to the Bank, Initial disclosures like these below are sent out to the Borrower from the Bank. These “Basic” Mortgage Loan Conditions…

Mortgage rates are primarily a function of trading levels in the bond market and bonds have enjoyed (or suffered) an interesting mix of volatility and stability in June.  US Treasury yields (which share a strong correlation with mortgage rates) moved sharply lower at the beginning of the month.  Mortgages didn’t move quite as much, but…

Lumber prices are falling back to Earth. Futures for July delivery ended Tuesday at $1,009.90 per thousand board feet, down 41% from the record of $1,711.20 reached in early May. Futures have declined 14 of the past 16 trading days. Cash lumber prices are also crashing. Pricing service Random Lengths said Friday that its framing…