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News, Tips, and Advice Column2018-07-24T12:19:43-07:00

New and Stricter Rules for Mortgages During COVID-19

This week, the Mortgage Brothers discuss New Strict Rules for Mortgages During COVID 19. The virus is causing mortgage lending and bank guidelines to continually evolve and tighten down. Banks want to protect themselves from the risks that mortgages inherently have during times of uncertainty. Some borrowers will find it more difficult to get pre-qualified in the current climate compared to before the virus.

By |May 13th, 2020|Categories: Blog|0 Comments

Cash-out Refinance During COVID-19

In this episode, we talked about and answered questions about cash-out refinances in our current COVID-19 market. Right now, we're still sheltering in place and we're getting a ton of calls from people about a range of topics, but a lot of them surround the issues posed by COVID-19 and whether they should do a cash-out refinance, if they should pull money out for emergency funds, and about investing.

By |April 23rd, 2020|Categories: Blog|0 Comments

SBA Loans For Corona Virus Relief: Payment Protection and $10K Economic Injury Disaster Loan

Here we discuss 4 SBA Loans For Corona Virus Relief that are available: the Payment Protection Program, the $10K Economic Injury, Disaster Loan Emergency Advance, and SBA Express Bridge Loans. Keep in mind that 1099 Independent Contractors should be able to apply for the PPP (Payment Protection Program) loan starting April 10th 2020.

By |April 14th, 2020|Categories: Blog|0 Comments

CARES Act (COVID-19 bill): How It Affects Home Loans — Mortgage forgiveness or forbearance?

Here we discuss how the CARES Act (signed into law March 30th, 2020) affects homeowners with mortgages. Is the Government going to forgive your mortgage payments? What is mortgage payment forbearance? Can you qualify for mortgage payment forbearance? If so, for how long? There is a lot of misinformation and misinterpretation out there. Here we hope to clear some things up.

By |April 7th, 2020|Categories: Blog|0 Comments