What do you do when you move away in process of buying a home during a worldwide pandemic, finding yourself in a hotel which you can't leave? Benchmark never quits.
The post Benchmark brings you home during COVID-19 appeared first on Benchmark.
Category: Novel Coronavirus
Fannie Mae and Freddie Mac Define COVID-19 Forbearance Repayment Options
We previously talked about Forbearance as an option for anyone negatively impacted because of COVID-19. Forbearance is one of the most common options for those who cannot make their mortgage payments on time. Typically, once a loan is out of the agreed timeframe of forbearance, the borrower is expected to pay a “balloon payment,” or …
The post Fannie Mae and Freddie Mac Define COVID-19 Forbearance Repayment Options appeared first on Benchmark.
You Can Help our Houston Community Overcome the Effects of COVID-19 and Stay Strong.
With shelter in place orders issued for Houston area counties and an extension on social distancing until April 30th, we might find ourselves with some extra time on our hands. Here are some ways to keep yourself active and busy while giving back to the community and helping vulnerable groups. NOTE: If you are sick, …
The post You Can Help our Houston Community Overcome the Effects of COVID-19 and Stay Strong. appeared first on Benchmark Mortgage Houston.
What is mortgage forbearance, and what does it mean for you?
In a mortgage forbearance agreement, the lender agrees not to foreclose on a mortgage, and the borrower agrees to a plan that will result in a temporary adjustment to provide relief, and to pay the balance to be current with the original payment plan.
The post What is mortgage forbearance, and what does it mean for you? appeared first on Benchmark.
VA Appraisal Update: COVID-19
The Veterans Affairs office has made adjustments to the way VA Loans can now be done in these uncertain times.
The post VA Appraisal Update: COVID-19 appeared first on Benchmark.
Market Update for March 25th
Founding Partner Stewart Hunter delivers a quick market update, including the $2 Trillion bailout package, shelter in place, and Benchmark's own market and operation status.
The post Market Update for March 25th appeared first on Benchmark.
How to be a Real Estate Pro In Times of Uncertainty: Understanding Market Issues
Your knowledge, leadership, and ability to adapt quickly are all being tested. Master these tips to surge to the top of your client's minds when they go to recommend an expert. Here is Part 1 of our Client First video series: Understanding Market Issues.
The post How to be a Real Estate Pro In Times of Uncertainty: Understanding Market Issues appeared first on Benchmark.
New appraisal and origination requirement changes announced due to COVID-19
Special measures have been taken to help account for challenges facing the real estate market due to COVID-19. Here are the temporary flexibilities in place to facility the continuation of transactions for buyers.
The post New appraisal and origination requirement changes announced due to COVID-19 appeared first on Benchmark.
How to be a Real Estate Pro In Times of Uncertainty: Intro
How to be the professional that clients need during times of uncertainty. This is the introductory video to a series aimed at helping empower you to be a force for good in your market. When uncertainty abounds, be the voice of calm confidence.
The post How to be a Real Estate Pro In Times of Uncertainty: Intro appeared first on Benchmark.
Market Update for March 17th
COVID-19, the Federal Reserve cuts rates, and Rate locks now good for 60 days. A lot is going on in the housing market and the country as a whole. Let's dive in, and see how this could affect you and your mortgage.
The post Market Update for March 17th appeared first on Benchmark.