When you’re in the process of purchasing or selling your home, you want the best people to work with, right? You want the best house, for the best price, with the best lender, with the best agent. Having the best Title Company is just the next item on the list! At Metro National Title, we…
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Fannie Mae to accept lender-funded down payment assistance
Fannie Mae will now buy mortgage loans with lender-funded grants, including down payment assistance, closing costs or financial reserves. The change could give nonbank lenders a way to guard against redlining accusations. The government-sponsored enterprise will start accepting such loans immediately. According to Fannie Mae’s guidance, “The lender must have a documented program that provides…
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What is Lender Refinancing?
There are several reasons to refinance—such as getting a better interest rate, a lower monthly mortgage payment, or simply withdrawing cash from the equity in your home. It's important to make sure you refinance the right way and when you’re working with the right people, it will make the refinancing process that much better. Metro…
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Everything you need to know about Escrow
Understanding escrow can make buying or selling your next home much easier. Here's everything you need to know, so you can feel confident when you make your next residential property transaction. WHAT IS ESCROW? There are actually two types of Escrow. The first type is a legal arrangement you have with a neutral third party…
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