Some Multifamily Borrowers Struggle to Find Small Loans
How many renters aren’t paying rent? That question causes lenders to pause, and many have tightened requirements for small-unit apartment acquisitions or refinances.
FHA Extends Forbearance – Requests Accepted Until Dec. 31
Homeowners facing financial challenges caused by the pandemic now have until Dec. 31 to request forbearance if they have an FHA loan. A forbearance approval would allow them to avoid monthly payments in increments that could potentially last up to a full year.
If You’re Going to Write a Blog, Make Sure It’s Read
What blog post topics pull in the biggest audience? For marketing, webinars, roundups (several writers), guides and e-books, and interviews top the list.
Who Actually Gets Those Low Advertised Mortgage Rates?
It pays to shop around for the best mortgage rate – but it pays more now. Lenders are facing wildly different challenges, and their rates vary more than usual today.
HUD Awards Fla. 24 Home-Counseling Grants, Total of $395K
Counseling could help first-time homebuyers qualify for a loan and give them information they need to keep and maintain their home after purchase.
5 Credit-Score Mistakes That Last a Long Time
Buyers trying to boost their credit score to secure a mortgage realize some things can be corrected quickly – but others hang onto a credit score for years.
Amendment 5 ‘Yes’ Vote Helps Fla. Buyers
Fla. homeowners have two years to “port” tax savings to a new home, but in some cases that can be barely more than one year. A “yes” on Amendment 5 creates a two-year minimum.
Could Home Builders Be Any More Confident?
A monthly index of builders’ attitudes hit 85 this month – a new high after a record-breaking 83 in Sept. The index goes from 1 to 100; anything over 50 is optimistic.
Condo Associations Continue Ban on Short-Term Rentals
In March, Gov. DeSantis banned short-term vacation rentals. That ended with Phase 3, but some HOAs kept the ban in place citing resident safety. However, that also created problems for short-term rental investors, some of whom haven’t had income in seven months.