The team you work with matters! The industry has changed a lot, and working with an expert who can navigate the changing guidelines is more important than ever. Lenders today are dealing with constraints that have taxed the entire industry with challenges, including long wait times on appraisals. In some cases, some lenders are just not sending funds to close their loans. Ultimately, how long is the home buying process taking? Overall, transaction times haven’t changed very much. Benchmark has a team dedicated to making sure loans close quickly, efficiently, and on time.
Month of the Military Child
Our nation’s military families make a lot of sacrifices for our country. The Department of Defense designated the month of April in 1986 as ‘The Month of the Military Child’ to commend the sacrifices and devoted support of service members’ children.
There are over one million active-duty dependent children living worldwide. These military children are resilient, remaining steadfast during deployments and frequent moves across the country and the world. According to the Department of Defense Education, on average a military child may move six to nine times during their school career.
At Benchmark, we are proud to support military families. Join us in recognizing these incredible kids and their contributions to our country!
Check out some of the incredible stories of our team giving military families an amazing homebuying experience across the country!
https://theveteranshomefront.com/2018/03/plaisier/
https://theveteranshomefront.com/2018/04/s-barber/
https://theveteranshomefront.com/2018/03/primdahl/
What is mortgage forbearance, and what does it mean for you?
In a mortgage forbearance agreement, the lender agrees not to foreclose on a mortgage, and the borrower agrees to a plan that will result in a temporary adjustment to provide relief, and to pay the balance to be current with the original payment plan.
VA Appraisal Update: COVID-19
The Department of Veterans Affairs has made adjustments to the way VA Loan appraisals can be conducted in these uncertain times. In an attempt to both take care of the appraiser and limit the amount of face to face interaction, appraisers are now allowed a “broader use of exterior appraisals.”
Market Update for March 25th
Founding Partner Stewart Hunter delivers a quick market update, including the $2 Trillion bailout package, shelter in place, and Benchmark's own market and operation status.
How to be a Real Estate Pro In Times of Uncertainty: Understanding Market Issues
Your knowledge, leadership, and ability to adapt quickly are all being tested. Master these tips to surge to the top of your client's minds when they go to recommend an expert. Here is Part 1 of our Client First video series: Understanding Market Issues.
New appraisal and origination requirement changes announced due to COVID-19
Special measures have been taken to help account for challenges facing the real estate market due to COVID-19. Here are the temporary flexibilities in place to facility the continuation of transactions for buyers.
Benchmark’s Express Hybrid E-Closing
As social distancing sweeps the nation, Benchmark offers our clients Hybrid E-Closes where you can sign up to 70% of your documents remotely! Watch the video to learn more.
How to be a Real Estate Pro In Times of Uncertainty: Intro
How to be the professional that clients need during times of uncertainty. This is the introductory video to a series aimed at helping empower you to be a force for good in your market. When uncertainty abounds, be the voice of calm confidence.
Market Update for March 17th
COVID-19, the Federal Reserve cuts rates, and Rate locks now good for 60 days. A lot is going on in the housing market and the country as a whole. Let's dive in, and see how this could affect you and your mortgage.