Published April 2, 2020

COVID-19 AND MORTGAGES

Written by Nicole Burnett

Nicole Burnett sat down for a Zoom chat with our friend and lender Melissa Steuart of First Centennial Mortgage. Being licensed in Washington and Illinois, as well as several other States, Melissa offers a broad perspective on what's going on in the mortgage world throughout the country.

In under 7:30 minutes they cover:

+ How the Fed lowering the interest rate to 0% effects mortgages.
+ Refis, purchase loans and rates.
+ Thoughts on the possibility of mortgage lenders relaxing qualifying criteria
+ What potential borrowers should they be aware of in terms of the Loan/Escrow process if they are thinking about buying or selling in the next 3 months.

They will be back next week to discuss new developments in real estate and mortgage as the US and the globe continues to battle Covid-19.

Contact Melissa

Melissa Steuart?
Senior Mortgage Banker
M.Steuart@goFCM.com | MelissaSteuartLoans.com
m: 630.674.7102
o: 331.212.5521
f: 331.212.5522
WA ID: MLO?278506