Regulation Stamp, TRID, mortgage regulations - Bill Salvatore, Realty Excellence East Valley - Arizona Elite Properties 602-999-0952

The Gig Economy – Mortgage App Tips for Contractors and Self Employed

The Gig Economy – Mortgage App Tips for Contractors and Self Employed The Gig Economy has been a hot topic lately. As the work-from-home concept cycles yet again into the fashionable zone, freelance and contract entrepreneurs are flourishing. But current mortgage regulations in our country are not self-employment friendly. That doesn’t mean you can’t get… Read More

Regulation Stamp, TRID, mortgage regulations - Bill Salvatore, Realty Excellence East Valley - Arizona Elite Properties 602-999-0952

Video: What’s the Word on Mortgage Lending Standards? Better.

Video: What’s the Word on Mortgage Lending Standards? Better. Mortgage lending regulations, along with mortgage interest rates, are fickle. Just when you think you’ve got a handle on them, they will change. Fortunately for home buyers mortgage lending standards have recently been changing for the better. At the end of last year and the first… Read More

Flipped, remodeled, upgraded, repair, house - Bill Salvatore, Realty Excellence East Valey - 602-999-0952

Video: Before You Buy a Flipped Home, Know This!

There seems to be some hesitation among home buyers when it is revealed that a home is a “Flip”. In one sense I agree, you do need to be cautious. On the other hand, I’ve seen many, many well done and fairly priced flipped homes. Here’s the thing… Do Your Research! How long has the… Read More

Regulation Stamp, TRID, mortgage regulations - Bill Salvatore, Realty Excellence East Valley - Arizona Elite Properties 602-999-0952

Fannie Mae Broadens Access to Credit for Eligible Home Buyers

Fannie Mae Broadens Access to Credit for Eligible Home Buyers. Home Buyers have long been overburdened by the mortgage application process and simplification of the lending regulations is long overdue.  There have been a few policy shifts recently that make the mortgage process smoother, and in my humble opinion fairer, for qualified and qualifiable home… Read More

Regulation Stamp, TRID, mortgage regulations - Bill Salvatore, Realty Excellence East Valley - Arizona Elite Properties 602-999-0952

Home Loans Hampered by Regulatory Burden

Eighty-six percent of the typical bank’s mortgage loans made last year were “qualified mortgages,” according to the American Bankers Association’s 23rd annual Real Estate Lending Survey. Despite an increase in non-QM lending, the survey results revealed that 72 percent of respondents expect the Consumer Financial Protection Bureau’s mortgage lending rules will continue to cause a… Read More

Hand with pen writing on a mortgage application - Video: Reverse Mortgages

Further Easing of Mortgage Credit Standards on the Horizon, According to Lenders

Home prices are rising slowly and interest rates have remained incredibly buyer-friendly so far in 2016, yet there is still some hesitation in the market. A bit of mortgage credit reform is long overdue. I’m thinking that government over-regulation and a recent history of tight mortgage credit standards is scaring the affordable-price and entry level… Read More

Transaction Communication Is Key to a Smooth Closing

Transaction Communication Is Key to a Smooth Closing

I highly agree with the transaction tips below but my biggest concern is not so much a lack of communication as it is a lack of urgency. The dates on your contract are what make it a contract, and they probably more important than the hundreds for words surrounding them.   ~Bill By Deborah Kearns If… Read More

Older luxury home, Fixer-Upper, "As Is", Home in need of repair, Fix and Flip, large house - Bill Salvatore, Arizona Elite Properties 602-999-0952

Today’s Housing Mirrors the 80s, According to New Freddie Mac Report

In many ways, today’s shifting housing market resembles the real estate climate of the 1980’s, according to Freddie Mac. The company’s November Insight & Outlook report examines the changes in mortgage servicing, discusses some of the factors that produced them since the housing crisis, and looks at the highly influential role the 55+ age cohort… Read More

Mortgage rates, mortgage regulation, money, house - Bill Salvatore, Realty Excellence East Valley - 602-999-0952

Turned Down for a Mortgage? Read This before Reapplying

Turned down for a mortgage? You’re not alone. Many borrowers are finding it difficult to navigate lending requirements and reapply for a loan to buy a home, despite significant improvement in the housing market. If your mortgage application was rejected, take heart. Mike Sullivan, director of education for Take Charge America, a national nonprofit credit… Read More

Selling Your Home

Getting a Mortgage? Know The Rules!

Earlier this year, the CFPB issued one of its regular bulletins, announcing a range of financial rules for financial institutions Just by knowing the rules, you can learn how to take care of yourself. Below are some of the highlights. Regulation Z Reins in Mortgage Originators This regulation “prohibits a loan originator from receiving compensation… Read More