The decision to purchase a home is not an easy one to make. Many still consider the American Dream to be homeownership, and while having a dream is often a great source of motivation, dreams may also be paired with high expectations and anxieties related to living up to those expectations. This puts many would-be … Continue reading "Can Down Payment Assistance Ease Homebuying Concerns for Worried Buyers?￼"
If you want to get ahead in the housing market, both in helping borrowers get into homes and setting yourself up as someone that can make nearly any deal work, you need to get in the know with down payment assistance (DPA). Consider, for example, some points that Luz Keuler (editor at Readynest by MGIC) … Continue reading "How Down Payment Assistance Can Set You Apart￼"
Many loan officers came surfing into the first quarter of 2021 on a tidal wave of refinances that seemed unstoppable. Now, many find themselves tumbling to a halt as the tide ebbs just as quickly as it initially surged in. Sure, there’s still a market for refinancing, but many mortgage companies and loan officers are … Continue reading "Overcoming Lender Challenges: The Latest New Normal Obstacles"
Interest rates are starting to rise making refinances for homeowners more of a challenge. Last year’s unprecedented low interest rates created a huge demand that helped many lenders access a large amount of refinance opportunities, but as refinances start to slow down lenders will need to shift their focus towards home purchases. In this article … Continue reading "4 Tips Lenders Can Use to Prepare for the Upcoming Refinance Dry Spell"
When it comes to being a lender, it can be quite challenging to offer homebuyers the right loan to take advantage of when making a life-changing decision like buying a home. In this guide we will dive into some hurdles that lenders face and how Chenoa Fund, offered by CBC Mortgage Agency, can help resolve … Continue reading "Top 3 Lender Loan Hurdles to Overcome with Homebuyers"
FHA Classic: Chenoa Fund’s First Non-DPA Program A lot has changed in the mortgage industry recently; quarantines and shutdowns have forced everyone to evolve quickly in response to the coronavirus pandemic, and the results haven’t always been good. In particular, borrowers with low credit have been hit hard, and many can’t find lenders willing or … Continue reading "FHA Classic: The First Non-DPA Chenoa Fund Program"
First, and foremost, Happy St.Patrick’s Day from everyone here at CBC Mortgage Agency! In this issue of the Chenoa Report, you will find the following updates and information: Program Guidelines Updates CBC Mortgage Agency On the Road Chenoa Fund in the News Chenoa Fund blog posts Marketing Resources Program Guidelines Update: On behalf of CBC … Continue reading "March 17, 2020: Chenoa Fund Correspondent Newsletter"