Before Making Loans, Some Mortgage Lenders Ask, Do You Really Plan to Pay This?

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New forms are showing up in some borrowers’ paperwork when they close on their home loan. Lenders are asking them to confirm that they don’t plan to skip their payments, at least not right away.

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Mortgage Refinance Surcharge Delayed by Fannie, Freddie Until Dec. 1

realtyexperts Real Estate News

Homeowners who refinance their mortgages in the next three months will avoid paying the additional fee averaging $1,400 after an outcry from industry groups, lawmakers and the White House.

The post Mortgage Refinance Surcharge Delayed by Fannie, Freddie Until Dec. 1 appeared first on Real Estate News & Insights | realtor.com®.