COVID-19 made an impact on not just our health, but our financial health as well. In home lending we call this a “life event”. That means that your financial health was great then something unusual happened like a pandemic, health issue, divorce, etc. and it took you off track. Life events do not define you! If you experienced a blip on your financial radar screen let’s chat and come up with a solution for you to move forward.
Related Article Title: Modified Loans When Combining Deferred Balance – Rate-Term Refinance or Cash-Out Refinance? Question: Our client has a first mortgage that was modified a couple of years after they purchased it. The mortgage statement indicates a “deferred balance”. If they want to combine these into one loan is this a cash-out or rate-term […]