Search results for “Employment”
Why It’s Important to Reevaluate Your Budget Every Year
Assess the Last Year Before you can improve your finances, it’s important to first figure out where you stand. More specifically, you’ll want to evaluate just how well you performed last year in regar...
The Self-Employed Mortgage Access Act
The ranks of self-employed individuals are growing, leading to a greater awareness of the financial challenges facing people who are their own bosses. While companies that take advantage of "gig" hiri...
Industry Terminology: Forbearance vs. Deferment
During this novel coronavirus (“COVID-19”) pandemic, the Newrez family of companies is committed to helping our customers, including offering alternate payment programs as allowed by loan owners/inves...
Industry Terminology: Loan Modification
What is Loan Modification? Simply put, loan modification refers to any change or alteration that a lender makes to a loan. A loan modification could include a reduction in the interest rate, an increa...
Service Requirements for a VA Loan To find an in-depth explanation of the eligibility requirements for VA home loan programs, check out the U.S. Department of Veterans Affairs. You can find an abbrevi...
Mortgage Rate Predictions for 2022
The Fed is Fighting Inflation – Expect to see Rates Climb First, what is the Federal Reserve? The Federal Reserve (Fed) is the central bank of the United States that serves to regulate the U.S. bankin...
Guide to Government Home Loans in 2022
What is a Government Backed Mortgage? A government backed mortgage is a loan that is insured by the U.S. federal government. There are many different types, each with their own specific requirements a...
How to Get a Mortgage When You’re Self-Employed: Newrez SmartSelf
What is a Non-Qualified Mortgage (Non-QM)? Non-qualified mortgages (Non-QMs) are ideal financing solutions for borrowers who may not meet the qualifying criteria for traditional mortgages (or qualifie...
The 5 Major Factors That Cause Home Prices to Fluctuate
1. Economic change One of the biggest influences in real estate fluctuation is the health of the economy. This is typically measured by indicators like employment data, manufacturing activity, the pri...