Brought to you by 7th Level Mortgage LLC
Over 450,000 mortgage applications were denied in 2019. Whether it is due to an unappealing debt-to-income ratio or bad credit, it can be difficult for existing homeowners to refinance, too. The HIRO mortgage program exists to provide refinancing options to … Read More
Buying a home is the biggest expense most Americans make. Unfortunately, some homeowners find themselves in a situation where they are underwater on their homes. In the 4th quarter of 2019, 1 in 16 homes was underwater, meaning they had … Read More
Are you frustrated with your current mortgage? Perhaps you’re paying a high-interest rate and are struggling to stay afloat. Consider the HIRO mortgage program to obtain relief. HIRO stands for High LTV Refinance Option. It allows homeowners to refinance out … Read More
Do you have an upside-down mortgage? Do you feel stuck and do not know what to do? If you are a Fannie Mae borrower, consider the HIRO loan program. It allows applicants to refinance if they owe more than the … Read More
No one buys a home anticipating having to refinance it months or a couple of years later. However, when the unforeseen happens to you, like losing your job, or an unexpected disaster, like COVID-19, there are times you have no … Read More
Owning a home is a trademark of success in American culture. Truly, when you sign those papers, your heart swells with pride. When the bottom fell out of the housing market in 2006, millions of people were left in crisis. … Read More
In the 1st quarter of 2020, 3.6 million mortgaged homes were underwater. They each had a balance of loans secured by their properties, accounting for more than 25% of their homes’ estimated market values. Do you have a loan-to-value ratio … Read More
According to recent news, the federal delinquency rate rose to nearly 3.4% percent last month, leading to a whopping 3.4 million mortgage loans that are currently in forbearance. If you are one of the millions of people who are having … Read More
The coronavirus pandemic affecting almost every aspect of life. The mortgage industry is not safe from dealing with some of the repercussions. To keep the home buying and selling process moving, many lenders are switching to e-lending to ensure a … Read More
When anyone buys a home, we always hope it will be a long-term investment that pays us back through rising house prices and increased equity. But occasionally, the economy is not favorable towards homeowners. So, depending on when you buy … Read More