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Hope your holiday sparkles!

Happy Thanksgiving from all of us here at Self-EmployedLender. We wish you and your family a wonderful Thanksgiving holiday.

Buying a home may be one of the most important and largest financial decisions you’ll make during your lifetime. It is important to make sure your finances are in order and that you understand your mortgage options before you start the buying process. Check out this article for helpful tips if you are a first-time homebuyer.
https://bit.ly/35PXg1k

Financial Planning For Young Adults: Mortgage Basics And Tips For Buying Your First Home Historically low mortgage rates are helping prospective buyers get more bang for their buck by boosting their purchasing power and offsetting the cost of rising home prices.

With Halloween being only a few days away, are you in need of a last-minute costume? Well, here are some great DIY costume ideas that you can pull together in no time. 🎃
https://bit.ly/35PUPL6

You Can Throw Together These Halloween Costumes in Minutes Felt and that old skirt you've been hanging onto for the win!

Very few people have perfect scores today. But as long as your scores are within what the three major consumer credit bureaus consider the highest range, you’ll be in a good position to qualify for the best interest rate offers on loans and mortgages.

What Is the Highest Credit Score and How Many Have It? | Credit Karma For both VantageScore and FICO, the highest credit score is 850.

Have a wonderful Labor Day! 😊

Wednesday - Words of Wisdom

Don't let self-doubt stand in the way of achieving your goals. Believe in yourself and take the action needed to be successful.

Check out this article to see what plays a role in keeping rates at their current low levels.

[PULSE] What's driving the lowest mortgage rates in history? We are halfway through the year and mortgage rates have hit a low six times so far. With mortgage interest rates at the lowest they have ever been, the demand for housing is on the rise.

Applying with different mortgage lenders could help you get a great deal on your mortgage. But will there be credit score repercussions? Read the full article to see how you can avoid hurting your credit while shopping for a mortgage.

Will Shopping Around for a Mortgage Hurt Your Credit? When you apply for a mortgage, there will be a hard inquiry on your credit record. Here's how you can avoid hurting your credit score in the homebuying process.

A mom’s love is the purest love you will ever know. Happy Mother's Day! 🌸

Make today and every day Earth Day! 🌏

It appears the forbearance issue is already much more significant than federal decision-makers thought it would be. Here is the data.

https://www.housingwire.com/articles/nearly-3-million-borrowers-are-already-in-forbearance/

Nearly 3 million borrowers are already in forbearance - HousingWire New data from Black Knight shows that the number of GSE mortgages in forbearance already far exceeds Calabria’s projection.

The federal government’s rush to support homeowners in the wake of the coronavirus pandemic should help many Americans avoid foreclosure, but it could have negative consequences for the mortgage industry.

The mortgage industry is facing a crisis because of the coronavirus — and borrowers could fall through the cracks ‘There’s just no way anybody could have enough capital set aside to handle the kind of payments that servicers could have to make.’

Happy Easter! May your hearts be filled with peace and joy.

The events of the past weeks with COVID-19 have been unprecedented and stressful. We recommend checking the World Health Organization’s website www.who.int/COVID-19 for the most accurate and up-to-date information.

The recently passed $2 trillion coronavirus aid package includes nearly $350 billion for small business loans. Here’s how your small business can receive assistance.

https://www.washingtonpost.com/business/2020/03/30/heres-how-get-small-business-loan-under-349-billion-coronavirus-aid-bill/

How to get a small business loan under the $349 billion aid bill The recently passed $2 trillion coronavirus aid package includes nearly $350 billion for small business loans. Here's how your small business can receive assistance.

The $2 trillion economic stimulus bill passed unanimously by the Senate late Wednesday after six days of negotiations includes sweeping protections for homeowners who are experiencing financial hardship as a result of the coronavirus outbreak.

https://www.forbes.com/sites/sarahhansen/2020/03/26/heres-how-the-coronavirus-stimulus-bill-would-help-homeowners/

Here’s How The Coronavirus Stimulus Bill Would Help Homeowners Homeowners with federally backed loans can request mortgage forbearance for nearly a full year.

It happens about every five years -- The Fair Isaac Corporation, or FICO, updates the way they calculate your credit score.

https://www.abc15.com/news/let-joe-know/fico-has-updated-how-they-calculate-credit-scores-heres-what-it-means-for-you

The count of equity-rich properties in the fourth quarter of 2019 represented 26.7 percent, or about one in four, of the 54.5 million mortgaged homes in the U.S.

https://www.foxbusiness.com/markets/millions-of-american-homeowners-see-fortunes-improving-study-finds

Millions of American homeowners see fortunes improving, study finds Only 3.5 million homes with mortgages in the U.S., roughly one in 15, were “seriously underwater."

For years, home prices have been climbing to record highs in much of the country. That has sidelined many aspiring homeowners and taken a toll on the budgets of those stretching to make it work. The reason? There simply aren't enough homes to meet the demand, pushing prices up to the heavens.

https://www.realtor.com/news/trends/why-home-prices-are-so-high-blame-this-startling-statistic/

Bank Statement Loan Programs are perfect for Self-Employed borrowers who need alternative methods to show the true cash flow of their business. Learn more about our alternate programs and qualify for a today at Approved.Self-EmployedLender.com

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