What’s an appraisal?
Let's talk appraised value - what happens if the appraised value is different than the purchase price?
Forbearance
Coronavirus has caused economic uncertainty that leaves many vulnerable. Because of this, some homeowners are asking for mortgage forbearance under the CARES Act. If you’re considering asking for mortgage forbearance, here are a few things we think you should know so that you make an informed decision.
Forbearance (What you should know)
Coronavirus has caused economic uncertainty that leaves many vulnerable. Because of this, some homeowners are asking for mortgage forbearance under the CARES Act. If you’re considering asking for mortgage forbearance, here are a few things we think you should know so that you make an informed decision.
Each individual Mortgage Servicing Company may have adapted the act differently, so you need to speak directly with your Servicer to know your options.
Monthly payments resume when the forbearance period ends. On top of your monthly payment, you’ll also owe the total amount of money for the months you didn’t pay during forbearance.
It’s unclear how this will be reported to the credit report and impact your ability to obtain a new mortgage or other new loans in the future .
You can’t refinance or get a new mortgage if you’re in forbearance. You’ll only be able to do so when you’re caught up on your payments.
Bottom line: Asking for forbearance is something you need to be careful about. Weigh the pros and cons and talk to your Servicer to see if it makes sense for you.
Feel free to contact us if you have any questions.
FB LIVE Panel Discussion: Covid-19 and the Real Estate Process
Are you thinking about buying a home in 2020? Are you in the middle of trying to buy or refinance and wondering how COVID will impact your transaction? Do you work in the industry or own Real Estate and trying to stay caught up on the changing environment? Hear from local Western MA Real Estate Industry Professionals in this LIVE panel discussion.
FB LIVE Panel Discussion: Covid-19 and the Real Estate Process
Are you thinking about buying a home in 2020? Are you in the middle of trying to buy or refinance and wondering how COVID will impact your transaction? Do you work in the industry or own Real Estate and trying to stay caught up on the changing environment? Hear from local Western MA Real Estate Industry Professionals in this LIVE panel discussion.
What: Panel Discussion over ZOOM or Facebook LIVE
Where: Zoom and Facebook LIVE
Host: Lindsay Barron LaBonte - Loan Originator, Applied Mortgage from Applied Mortgage, Finck & Perras Insurance Agency Inc., Alyx Akers, Realtor, Law Office of Peter Irvine, Lois Hunt Property Appraisals
Full Description:
Join 5 local Western MA Real Estate Professionals in this LIVE Facebook event to discuss today's COVID-19 impacts on the real estate industry process.
Find out what to expect if you’re buying or selling a home in 2020
Learn impacts on the buying/selling, mortgage, and Home Closing process
Hear how the industry has come together to create precautions and safety tips for all.
Attorney: Peter Irvine from the Law Office of Peter Irvine
Insurance Agent: Patrick Brough Finck & Perras Insurance Agency Inc.
Realtor: Alyx Akers, Realtor Five College Realtors
Appraiser: Lois Hunt
Lender: Lindsay Barron LaBonte, Lindsay Barron LaBonte - Loan Originator, Applied Mortgage ,Applied Mortgage
This presentation will include an opportunity to ask us questions LIVE during the presentation!
Getting Team together video: https://www.appliedmortgageteam.com/contract-to-closing-phase/getting-your-team-together
Video I posted about COVID 19 Impact to Real Estate Industry on Facebook already 3/30 - https://www.facebook.com/LoanswithLindsay/videos/2674236119477650/
Video on Facebook about Forbearance from 4/3: https://www.facebook.com/LoanswithLindsay/videos/1743896485752579/
If you need support through the process of home-buying, click the button below and let us know today!
Getting your team together
In this video with Lindsay we talk about what you do right after your offer is accepted.
Getting your team together
In this video with Lindsay we talk about what you do right after your offer is accepted.
How do I close on my home?
The closing day is finally here! You had your offer accepted, you established your team of professionals, you made it through the home inspection and the appraisal of the property, and we’ve completed the underwriting review. You are now ready to close on your home. On the day of closing you’ll typically complete a walk through of the property and then go to your Attorney’s office to sign the paperwork. Be sure you’ve contacted your Realtor and Attorney to set up these final meetings. And don’t forget to put the utilities in your own name effective the day of closing! Congratulations!
It’s time to close on my home, what do I do now?
The closing day is finally here! You had your offer accepted, you established your team of professionals, you made it through the home inspection and the appraisal of the property, and we’ve completed the underwriting review. You are now ready to close on your home. On the day of closing you’ll typically complete a walk through of the property and then go to your Attorney’s office to sign the paperwork. Be sure you’ve contacted your Realtor and Attorney to set up these final meetings. And don’t forget to put the utilities in your own name effective the day of closing! Congratulations!
How do I set up my homeowner's insurance policy?
In this video interview with Caitlin Elliot from Encharter Insurance we talk through the steps needed to prepare for buying your future dream home.
How do I set up my homeowner’s insurance?
In this video interview with Caitlin Elliot from Encharter Insurance we talk through the steps needed to prepare for buying your future dream home.
What does the home inspection process look like?
The home inspection will occur within the 2 weeks after your offer is accepted. The home inspection is your leverage to be sure that you know what to expect before you commit to buy a house.
Home Inspection Insights with Lindsay
The home inspection will occur within the 2 weeks after your offer is accepted. The home inspection is your leverage to be sure that you know what to expect before you commit to buy a house.
What does the home inspection process look like?
Agent Spotlight! Meet Kylene Canon from Cannon Real Estate who shares with us her perspective on the importance of completing a home inspection.
How do I make an offer on a house?
In this video interview with Meghan McCormick we talk through the steps needed to make an offer on your future dream home.
Lindsay speaks to Realtor Meghan McCormick about how buyers can be best prepared to make an offer on a home.
Lindsay speaks to Realtor Meghan McCormick about how buyers can be best prepared to make an offer on a home. Meghan suggests meeting with a reputable lender to have a pre-approval on hand and ready to go before you start home searching. That way if you find a home you love you can submit the offer immediately! She also suggest preparing by attending open houses and researching what type of home will meet your needs. When it comes to asking to view homes, Meghan says, “Please, bother us, and let’s go look at some houses!”
How do I list my house?
In this video of our educational blog we talk with three different local listing agents Scott from Maple and Main Real Estate, Becky Brown from Coldwell Banker, and Meghan McCormick from Delap Real Estate to find out why it is important to have a listing agent sell your house for you.
How do I list my house?
Realtor Scott Rebmann from Maple & Main shares insight on the importance of using a Listing Agent to sell your home. Scott shares some of his home marketing secrets with us!
In this interview style video, we talk with Becky Brown from Coldwell Banker to get a look into why she believes it is necessary to have a listing agent and the benefits she provides to her clients.
Realtor Meghan McCormick from Goggins Real Estate teaches us what goes into buying and selling a house simultaneously and how to be best prepared.
What goes into buying and selling a house at the same time?
In this video we discuss what goes into buying and selling a house simultaneously including how to be prepared in case there is a hold up in the process.
Simultaneous Buying and Selling
In this video we discuss what goes into buying and selling a house simultaneously including how to be prepared in case there is a hold up in the process.