Friday, September 3rd, 2010
This section of our newspaper is dedicated to Mortgage & Loan Programs. Keep up to date with the latest rates and programs from lenders that service the Northern Virginia Real Estate Market as well as the Washington DC Real Estate Market.
This section allows lenders to post their rates and programs to our readers in order to help them make an informed decision when it comes to refinancing or applying for a new loan, as well as requesting more information about current rates or programs being offered
[caption id="attachment_48" align="aligncenter" width="394" caption="Fairway Independent Mortgage Corporation Rate Sheet Provided By John Engel"][/caption] Effective June 1st, the mortgage industry is instituting a new requirement intended to make sure a purchasers debt picture has not changed since the file was initially underwritten. Sounds like a process that makes sense? Yes, in this day and age of risk aversion, it is surprising it took this long to be in place. The scary part is HOW are they going to verify this? The...