It’s no secret, home prices have skyrocketed. In fact, according to CoreLogic’s April 2021 Home Price Index report, home prices increased 13 percent year-over-year and 2.1 percent monthly in April. Coupled with lack of inventory, today’s housing market could be quite tricky to navigate. With that in mind, we’re guessing you wouldn’t believe us if we told you houses are actually quite affordable. We agree, it sounds outlandish given the state of the current housing market, but the truth of the matter is that home prices aren’t the only thing that determine affordability.
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Pre-approval? Check. Offer on the perfect house accepted? Check. Mortgage application process completed? Check. Ok, so what is next? Well, this step is really for us rather than for you. Up next in the mortgage process is Processing and Underwriting. Read on to learn more about these next steps.
For some people, the warming weather is a call to dust off the gardening gear and get out and tend to beautiful plants and flowers. For others of us not blessed with a green thumb (guilty!) there may be some trepidation around the spring planting season. One way to ease into spring planting is with container gardens since they can add instant color without a lot of effort. Here is a list of flowers to look for at your local nursery or garden center to create fun and easy potted gardens for your spring curb appeal.
While CDC guidelines seem to be loosening with each passing day, for many people things still don’t feel “normal” enough to be comfortable meeting in-person. So the question is… Can you still obtain a mortgage with limited contact? Yes, at Cambria Mortgage you definitely can. Getting a mortgage virtually is a popular option, and we’re more prepared than ever to provide that service to our clients. Here are three tips to help your transaction go smoothly:
You have found “the house” and your offer has been accepted… Really exciting stuff! But what’s next? When you initially completed your application, upon review and approval, your lender either provided a pre-qualification or a pre-approval letter. The terms are similar, but not the same. A pre-qualification is a pretty vague application including very basic pieces of information. While this information may have allowed your lender to give you the initial OK to search for homes... If you chose this route, now that you have found the house you are going to purchase, it is time to revisit that application and add more specific documents and information to keep your loan file moving along in the process.
Cambria Mortgage Launches the Cambria Mortgage Mobile App: a Unified Platform for Borrowers, Real Estate Agents and Mortgage Consultants
Hometown mortgage lender Cambria Mortgage is pleased to announce the launch of the Cambria Mortgage Mobile App. With the introduction of this new secure and encrypted technology, borrowers can apply for a home loan in as little as five minutes directly from their smartphone. They are able to scan and upload documents securely with their phone's camera; receive push notifications to stay on top of the status of their loan as well as outstanding tasks; explore different loan scenarios; and easily connect with their Mortgage Consultant and Real Estate Agent.