Original Post: https://www.cadogu.com/how-to-sell-or-buy-a-property-at-the-best-price-during-the-pandemic some home loan markets are now not operating at full capacity. Due to this loans are taking a bit longer than usual. The pandemic impact has not skipped them. This causes a backlog in their ability to process home loans. In addition, traditional lenders such as banks and credit unions, are busy trying to process SBA loans under the Payroll Protection Program (PPP), placing loans lower on the priority list now. Patience is the key to success now. Luckily, interest rates and historically low. It is perfect for those planning to buy a home to live in for the next decades. They could save hundreds for dollars over the life of the loan. When new home loans are competing against those looking to refinance, it is easy to see how this can place a drain on the bandwidth and resources of loan advisors. Employment questions
Expect the loan officers to as whether the applicant’s employment is stable or even be asked to submit pay stubs every two weeks instead of the traditional six weeks. Via https://tanyarobertson.photo.blog/2020/07/24/maltas-pandemic-and-effects-on-selling-your-home/
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