Know the different mortgage relief options so you can make the best choice

STIMULUS CHECKS – FAQ’s from Locally Trust Extremely Important to Know – The IRS will NOT contact you by phone or email regarding your stimulus check. DO NOT respond to any requests for information regarding your stimulus check which might include links, attachments, downloads or click here instructions. The email scams will start soon, DO NOT fall victim to their attempts. How much will I receive? Up to $1,200 per adult and $500 per child under the age of 17. If your adjusted gross income is greater than $75,000 (Filing Single), $112,500 (Head of Household) or $150,000 (Married Filing Joint)

The current Coronavirus crisis is having a critical impact on the Mortgage Industry, which could potentially make the 2008 financial crisis pale in comparison.  The pressing issue centers around capital that’s required by Mortgage Lenders to be able to function and meet covenants that are required for them to continue to lend.

The real estate industry is changing on a daily basis due to the COVID-19 virus. We are a relationship-driven industry yes with technology but also face to face interaction. The residential real estate market continues to feel the impact of quarantines, social distancing, and safety precautions/concerns. Home sellers are limiting showings and open houses and virus concerns may convince buyers to wait.

Recent market drops make it easy to remember Paul McCartney’s lyrics, “yesterday, all my troubles seemed so far away…” It was just February 19th that the markets were at an all-time high. Just over a week, later the major averages had dropped nearly 15%.

Summer and spring are the two busiest and competitive seasons for purchasing real estate; but, what happens in the winter months?

Two professionals will quickly become your best friends when you’re buying a home: your mortgage broker and real estate agent. How do they differ and how do they work together to help you with your home purchase?

Buying a home with a loved one is an exciting next step. However, home purchases between unmarried couples come with a few challenges. And since buying a home presents a significant financial investment and personal commitment, it’s important to know the challenges you may face before you sign on the dotted line.

Ever wonder what the heck all of this means?! Save this helpful glossary of Real Estate terms for your reference!