On Friday, March 27, 2020, the Coronavirus Aid, Relief, and Economic Security (CARES) Act went into effect. The CARES Act was designed to provide assistance to those who have been financially affected by the COVID-19 pandemic. This includes potentially offering mortgage forbearance to homeowners.
Author: Peter Pescatore (Peter Pescatore)
For those who haven’t experienced these kinds of issues before, let’s get back to basics. Here are seven tips for how to ease the journey of restructuring loans during difficult times.
By now you’ve probably heard about the economic impact the Coronavirus pandemic is having on the United States. And if you’ve been following those developments, then you’ve probably heard about the tremendous number of refinances taking place due to low mortgage rates.
One phrase you’ll see repeatedly if you're buying a home is “annual percentage rate” or APR. But what does that mean?
Typically, the higher the risk, the higher the interest rate. But you aren’t the only factor a lender uses to assess the risk.
A VA loan is a home loan that is guaranteed by the United States Department of Veteran Affairs. The loan is designed to help make home ownership possible for those who are currently serving or have served in the military.
Many Long Island millennials feel like their only options are moving away or living with their parents. But purchasing their own home may be easier than they think.
Earnest money can be a confusing term for many buyers. Although similar to a down payment, earnest money is actually quite different.
A home purchase agreement is a contract that states the conditions upon which a house is purchased. These conditions are agreed upon by both the buyer and the seller.
We all know that building home equity is good, but why? How is home equity helpful? Before we get into why you want to build equity in your home, we need to learn what home equity is.