Tag Archives: mortgage

Missed out on the refi boom? You may be in luck!

Housing market. Price dropMainStreet.com says, “The housing crash put a lot of homeownership dreams on hold. Lending went from paperless applications and mindless approvals to stringent restrictions, pristine credit requirements and creeping rates. Not only was buying a home growing out of reach for first-timers, but refinancing an existing mortgage was practically out of the question. A lot of people felt like they had missed an opportunity for owning a home of their own. Now, they may be getting a second chance. Housing prices have risen, but moderated. Lenders are once again open for business – and rates have slipped back to those “near historic lows” that tempted us so much in the first place. And revised mortgage fees recently implemented by the Federal Housing Authority could mean even more incentives – for prospective buyers and refinancers alike.” See the full article.


On this month’s podcast, Tim and Liz sit down with Stacy Warner, AVP, Senior Mortgage Loan Originator with Bank of the Pacific, to answer questions from the world of home loans, including:

• How important is it to work with a locally-based mortgage lender? 

• What is a loan underwriter? 

• How often are structural pest inspection reports required by underwriters?

• Should you show your home inspection report to a mortgage lender?

• What are some simple things owners can do to ensure a smooth home appraisal from an underwriting perspective? 

• How significant is mold growth to underwriters?

• What if mortgage rates go down after you negotiate a loan? Can you re-negotiate?

• What are the different, common loan types?


More about our guest: Stacy Warner is the spouse of an active duty service member and specializes in VA loan financing as well as FHA, USDA, Jumbo, and Conventional loan programs. Having joined banking as a Teller, Stacy now offers her clients Mortgage banking, loan servicing, loan processing, and loan underwriting experience. This knowledge has helped many customers buy, refinance, or build their dream home with confidence. Stacy especially enjoys working with first-time homebuyers and strives to make sure they are comfortable with their new home purchase and fully understand the mortgage process. For more information, visit https://www.bankofthepacific.com/home-loans/mortgage-loan-specialists/stacy-warner . For more, subscribe to our newsletter at https://allislandsinspections.com/category/newsletters. If you have questions or comments about home inspections in general, tweet me (@AIHomeInspect).