What Mortgage Options are available during COVID-19?
With COVID-19 impacting everyone’s lives, what is available in the mortgage industry. Many banks and lenders have shutdown, yet many people want to refinance or cash out refinance. In this informative new video Angelo breaks down what is working now.
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“CONSUMERS WISHING TO FILE A COMPLAINT AGAINST A MORTGAGE BANKER OR A LICENSED MORTGAGE BANKER RESIDENTIAL MORTGAGE LOAN ORIGINATOR SHOULD COMPLETE AND SEND A COMPLAINT FORM TO THE TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE LENDING, 2601 NORTH LAMAR, SUITE 201, AUSTIN, TEXAS 78705. COMPLAINT FORMS AND INSTRUCTIONS MAY BE OBTAINED FROM THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV. A TOLL-FREE CONSUMER HOTLINE IS AVAILABLE AT 1-877-276-5550. THE DEPARTMENT MAINTAINS A RECOVERY FUND TO MAKE PAYMENTS OF CERTAIN ACTUAL OUT OF POCKET DAMAGES SUSTAINED BY BORROWERS CAUSED BY ACTS OF LICENSED MORTGAGE BANKER RESIDENTIAL MORTGAGE LOAN ORIGINATORS. A WRITTEN APPLICATION FOR REIMBURSEMENT FROM THE RECOVERY FUND MUST BE FILED WITH AND INVESTIGATED BY THE DEPARTMENT PRIOR TO THE PAYMENT OF A CLAIM. FOR MORE INFORMATION ABOUT THE RECOVERY FUND, PLEASE CONSULT THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV.”
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13 comments
Demetrius Andrews April 5, 2020 3:47 pm
l was approved but then l had to have charge off lifted due to FHA loan qualification. When my credit was repulled it still had been lifted even tho l had spoke with Equifax and they said it should take up to 48 hrs and it had been a week almost 2. So l was told that l needed should probably pay off the charge off and bring them to a 0 balance or even settle and I did so l dont know where to go from here since they raised the scoring my middle was a 606 and it was repulles so lm sure it has dropped a couple more points now lm discouraged Any advance?
Jim Steagall April 5, 2020 3:47 pm
How is the FICO scoring model going to be modified for what the qualified buyers market looks like on the other side of this train wreck? How can you possibly qualify someone today without a steady income?
Fatimoh Jinadu April 5, 2020 3:47 pm
Thks. What is FHA max in Los Angeles county?
Pedro Alvarez April 5, 2020 3:47 pm
I have 613 of credit score and my wife 632 but she doesn't work, and i have 10 k for down payment, what we can do to get a house
Ropafadzo Mpofu April 5, 2020 3:47 pm
I can't wait for no doc loans to come back.
Thomas Boyer April 5, 2020 3:47 pm
Is there certain credit score or anything we have to be qualified for not paying closing cost
saterll singh April 5, 2020 3:47 pm
Are down deposit program still available for the FHA loans
Angelo Christian April 5, 2020 3:47 pm
If you need help with funding what mortgage home loan options are available during the coronavirus? Angelo Christian Nations #1 Mortgage Lenders focuses on helping America with FHA, Refinance, Cash Out, VA, USDA, SBA, Conventional Loans Nationwide down to a 620 Credit Score call us to Get Help 832-431-6331. Our Doors are open for business to help and serve go here to Get Started, https://angelo.preapprovemeapp.com/Portal/669/22113/Form?name=Form1003Long
Angelo Christian April 5, 2020 3:47 pm
Is NON QM Dead? Private lenders have put lending on hold to wait and see what happens with the virus!
Angelo Christian April 5, 2020 3:47 pm
With COVID-19 impacting everyone’s lives, what is available in the mortgage industry. Many banks and lenders have shutdown, yet many people want to refinance or cash out refinance. In this informative new video Angelo breaks down what is working now.
Top Secret Bear April 5, 2020 3:47 pm
why is this the ONLY pandemic EVER to be renamed from its place of origin? The "WHO" renamed it from "wuhan fever" to "covid 19". works out well for the chinese. World Health Organization is controlled by china.
Lola Hunny April 5, 2020 3:47 pm
I live in Pennsylvania Philadelphia and I need help with my credit and to buy my 1st home for my kids
Tom April 5, 2020 3:47 pm
amazing content keep up the awesome content