Real estate blog entries tagged with deferral by Rob Spinosa, Mortgage Loan Originator, Marin County (US Bank)

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deferral: Refinancing a Jumbo Mortgage After a COVID Forbearance - 08/09/21 07:56 AM

Refinancing a Jumbo Mortgage After a COVID Forbearance

Despite some recent setbacks that see COVID cases increasing, many of us are optimistic that vaccination rates will continue to go up and all of America will eventually commit to getting the worst of the virus behind us once and for all. There is no doubt that as we headed into the summer, we could feel the economy coming back on line and the country getting back to work. Sure the recovery has been uneven, but compared to the uniform bleakness of last summer, there could only be reason for hope this time around.

Not … (6 comments)

deferral: Can I Refinance a Mortgage on a COVID Forbearance Plan? - 09/13/20 09:30 AM

Can I Refinance a Mortgage on a COVID Forbearance Plan?

Back at the end of the first quarter of 2020, the president might still have wanted to downplay COVID, but many real American homeowners suddenly found themselves in dire financial straits and quickly took advantage of the forbearance plans offered by the servicers of their mortgages. This payment relief allowed them to navigate the most uncertain and immediate impacts of the pandemic and for some, provided a bridge to re-employment and/or firmer financial footing. Now that some of these borrowers have made readjustments to the new normal, they may wish to take … (21 comments)

deferral: Interest-Only? 40 Years? Fixed? Extra Extra? - 07/27/17 07:35 AM

Interest-Only? 40 Years? Fixed? Extra Extra?

Are you a real estate investor?

Do you consider yourself an ordinary or extraordinary investor?

Have you ever thought about an interest-only loan for your rental property?
I'd be willing to bet that even if the ordinary investor learned of a 40-year fixed interest-only loan, he might initially think right back to the heyday of stated income loans and remind himself that there's no way he'd ever get involved in such risky business. Rest assured that this person doesn't need to change his philosophy. That's not what I'm going to cover here. But I am going to discuss the … (16 comments)

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