Tag Archive for: furlough

Government Shutdowns – Much Ado About Very Little; The Impact of Shutdowns!

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It looks like we averted another government shutdown at the 11th hour over the weekend. While shutdowns do impact people within the government, they do not actually impact the rest of us that much. The media like to make a big deal of out shutdowns because their biggest impact is often making one of the political parties look worse in the eyes of voters, and thus impacting elections.Read More

Returning To Work After COVID Layoffs; Job Seasoning

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One of our clients just returned to work after a six-month-layoff and her agent asked if and when she could qualify for mortgage financing. In light of that, I thought […]Read More

Qualifying After Returning to Work

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Many people are wondering how soon laid off and furloughed borrowers will qualify for mortgage financing once they return to work. EMPLOYMENT GAP UNDER SIX MONTHS If the layoff or […]Read More

COVID-19 Mortgage Updates; Interest Rates; Jumbo; Guidelines; Appraisals

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Below are a series of important COVID-19 updates as they relate to the mortgage industry. INTEREST RATES Jumbo interest rates are now about 1% higher than conforming rates. This is […]Read More