A new program from Wells Fargo & Co. promises to make it easier for prospective borrowers to apply and qualify for a low downpayment residential loan. Borrowers who use the yourFirst Mortgage program can purchase a home with a downpayment as low as 3 percent, an announcement Thursday indicated. The San Francisco-based company said the […]
Archives: May 2016
Insurance companies issues
Insurance company underwriting guidelines force sellers to spend thousands of dollars on upgrades so buyers can obtain insurance, without insurance a buyer isn’t able to obtain a mortgage. More and more we see changes in what insurance companies requires before they will bind a policy. Some of the bigest issues we are seeing in St. […]