Fannie Mae and Freddie Mac are looking at doing away with formal appraisals on homes valued up to $400k. They say they’ll start using robots to do appraisals to save the clients money. The $100 estimated robotic appraisal will use drones and algorithms as compared to $400 for a traditional appraisal. Saving the client an […]
Mortgage rates are up
Mortgage rates are up!! Since they fluctuate day by day, your monthly payment could fluctuate $100 or more. If you are shopping on the edge, you may not qualify for the home one day and do qualify the next. Ask your lender if they have a float down plan. This allows you to capitalize on […]