Federal Holidays can affect the mortgage process and the closing date of borrowers. Loan officers and processing staff need to realize the days of federal holidays they will lose during the mortgage process.
Mortgage lenders will work with homeowners if they lose their jobs. Lenders have a workout department where they can work on repayment and/or forbearance plan for unemployed homeowners
Remote job positions enable homebuyers to purchase homes in other states. This is because remote wage earners no longer have to report to a brick-and-mortar location. Many people are fleeing high-taxed cities and states to lower-taxed states with affordable housing and lower cost of living.
More and more individual taxpayers can now relocate and cross state lines to get more bang for the buck. More individual taxpayers are relocating to other states with lower state taxes and affordable housing.
Kentucky’s economy is booming, especially the housing market. Many individual taxpayers and businesses are making Kentucky their home due to low state taxes and affordable housing and low property taxes. Homebuyers are finding home priced reasonably and home prices are beginning to creep up.
Many Homebuyers Are Fleeing To States With Highest Property Taxes: The coronavirus pandemic has given many potential homebuyers the opportunity to purchase more house for the money by allowing them to work remotely. Remote workers can purchase homes in any state they like because they do not have to work nearby a brick-and-mortar location.
Can You Close Your Investment Property Under A Limited Liability Corporation? Many wholesale real estate investors will not allow borrowers of investment properties to close under the name of an LLC.
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BREAKING NEWS: How Coronavirus Pandemic Is Affecting Rental Property Owners The coronavirus pandemic has plummeted the U.S. economy. This holds especially true with real estate The U.S. economy prior to the coronavirus pandemic was stronger than ever Home values were increasing year after year Many lenders created and implement alternative mortgage programs Specialty loan programs […]