Once again, the FHFA has extended both the eviction and foreclosure moratorium in addition to extending the mortgage forbearance period. How long will the eviction moratorium be extended? How long do you have to request forbearance from your lender? In this video, we discuss the recent extension from the FHFA who oversees Fannie Mae and Freddie Mac and what you should do if you need to request forbearance mortgage.

Articles Referenced in this video:

➡➡https://www.fhfa.gov/Media/PublicAffairs/Pages/FHFA-Extends-COVID-19-Forbearance-Period-and-Foreclosure-and-REO-Eviction-Moratoriums.aspx

➡➡https://www.housingwire.com/articles/fhfa-extends-forbearance-period-to-18-months/

How do you think the foreclosure moratorium extension will affect the housing market? How long do you believe they will continue to extend the eviction moratorium and how will this ultimately affect the housing market 2021?

Do you have questions about Real Estate? Want to get connected with a Top Producing Real Estate Agent or Mortgage Professional in your market?

Connect with me 👇
Jeb Smith (huntington beach Realtor/orange county real estate)
DRE 01407449
Coldwell Banker Realty
➡I N S T A G R A M ➳ https://www.instagram.com/jebsmith

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Is there a foreclosure wave coming in the 2021 housing market? What will happen when mortgage forbearance ends? Will homeowners default on their loans leading to an increase in supply slowing the housing market to a point where you will see a housing crash?

In today’s video, we look at the latest mortgage delinquency data from Black Knight as well as the last home equity report from Core Logic in addition to talking about the recent extension of the foreclosure moratorium and how all of these factors support a strong housing market and not a foreclosure wave.

Articles referenced in this video 👇

✔BLACK KNIGHT’S FIRST LOOK AT JANUARY 2021 MORTGAGE DATA https://www.blackknightinc.com/black-knights-first-look-at-january-2021-mortgage-data/

✔Mortgage delinquencies below 6% for first time since March https://www.housingwire.com/articles/mortgage-delinquencies-below-6-for-first-time-since-march/

Do you need to be connected with a knowledgeable and professional Realtor or mortgage professional (lender) in your market? If so, please reach out to me directly at www.jebsmith.net/referral

Jeb Smith (Huntington Beach Realtor/orange county real estate)
DRE 01407449
Coldwell Banker Realty
I N S T A G R A M ➳ https://www.instagram.com/jebsmith

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Are you a first time home buyer buying a house or someone looking at selling a home and wondering how to pick a realtor? How do you find a realtor? In this video, we are going to discuss how to choose a real estate agent and what you should look for in a REALTOR when deciding on who you should hire to buy a house or sell a house.

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Do you need to be connected with a knowledgeable and professional Realtor or mortgage professional (lender) in your market? If so, please reach out to me directly at www.jebsmith.net/referral

Jeb Smith (Huntington Beach Realtor/orange county real estate)
DRE 01407449
Coldwell Banker Realty
I N S T A G R A M ➳ https://www.instagram.com/jebsmith

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Are you a first time home buyer buying a house in the 2021 housing market? Are you asking yourself “Should I buy a house in 2021”? What is the housing market 2021 forecast? What is causing house prices to rise in the middle of a pandemic? In this video, we discuss the latest highlights from the National Association of Realtors Existing Home Sales report as well as who’s behind the increase in buyer demand and what you should expect as a home buyer for the rest of the housing market 2021.

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Articles Referenced in this video:

https://www.nar.realtor/newsroom/existing-home-sales-tick-up-0-6-in-january

Key Highlights

➡Existing-home sales continued to increase in January to a seasonally-adjusted annual rate of 6.69 million, up 0.6% from the prior month and 23.7% from one year ago.
➡The median existing-home sales price rose to $303,900, 14.1% higher from one year ago.
➡As of the end of January, housing inventory fell to a record-low of 1.04 million units, down by 25.7% year-over-year – a record decline.

Millennials are driving US home sales

First-time homebuyers were responsible for 33% of home sales in January, up from 31% in December 2020 and from 32% in January 2020.

Do you want to be connected with a knowledgeable and professional Realtor or mortgage professional (lender) in your market? If so, please reach out to me directly👇 or go to jebsmith.net/referral

Jeb Smith (Huntington Beach Realtor/orange county real estate)
DRE 01407449
Coldwell Banker Realty
I N S T A G R A M ➳ https://www.instagram.com/jebsmith

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Are you considering selling your house in the current housing market? How should you price your home? What is the best strategy to net the most amount of money when selling your housing in the 2021 housing market? How do you sell a house and buy a house at the same time? In this video, we discuss the housing market 2021 as how I suggest you should price your home and what you should do if you are buying a house but also have a house to sell.

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Do you need to get connected to a Realtor or Mortgage Professional in another area? If so, please send me an email or go directly to www.jebsmith.net/referral.

Are you considering selling a house in 2021 and want more information about how to get the most amount of money for your home? If so, let’s chat 👇

Jeb Smith (Huntington Beach Realtor/orange county real estate)
DRE #01407449
Coldwell Banker Realty
I N S T A G R A M ➳ https://www.instagram.com/jebsmith

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Are you a first time home buyer or a home buyer buying a house in this housing market and getting frustrated with the home buying process? Are you suffering from home buyer fatigue? Is that even a real thing? In this video, we discuss why you shouldn’t sacrifice when buying a home in the 2021 housing market and why you should stick to your plan

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Home Buying Videos You May Find Helpful:

➡Housing Market Update – WATCH this if you’re buying a house in 2021 – https://youtu.be/cJlGQ1e0TvY
➡First Time Home Buyer Tips in the 2021 Housing Market – https://youtu.be/Y_OwA5kl7nM
➡HOW TO GET APPROVED FOR A HOME LOAN – First Time Home Buyer – https://youtu.be/K3_JTAMhhi4
➡5 Most IMPORTANT Steps to writing an offer on a house – First Time Home Buyer – https://youtu.be/Eskq9g_9sOo
➡ Buying Real Estate in a CRAZY Market – https://youtu.be/WLH0UlGmD9U
➡Step by Step Process of Buying a House in 2020 – https://youtu.be/myJ1h0ykhts
➡Do I get my deposit back if I cancel escrow? – https://youtu.be/0RMy9iNTu54
➡What Stays when buying or selling a house? – https://youtu.be/XH6c9-omN24
➡Appraisal vs Home Inspection – https://youtu.be/cwjokWbr1Go

Do you need to be connected with a knowledgeable and professional Realtor or mortgage professional (lender) in your market? If so, please reach out to me directly.

Jeb Smith (Huntington Beach Realtor/orange county real estate)
DRE 01407449
Coldwell Banker Realty
I N S T A G R A M ➳ https://www.instagram.com/jebsmith

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Are you a first time home buyer using an fha loan or a va loan when a buying a house and having trouble getting your offer accepted? Are fha loans bad? Are va loans bad? Is there an advantage to using a conventional loan in this housing market? In this video, we discuss the misconceptions of fha and va and how the amendatory clause might actually be hurting you when trying to buy a home.

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What is a fha loan? An FHA insured loan is a US Federal Housing Administration mortgage insurance backed mortgage loan that is provided by an FHA-approved lender.

FHA loan 2021 requirements

✅FICO® score at least 580 = 3.5% down payment.
✅FICO® score between 500 and 579 = 10% down payment.
✅MIP (Mortgage Insurance Premium ) is required.
✅Debt-to-Income Ratio less than 43%. (Actually you can go much higher than this)
✅The home must be the borrower’s primary residence.
✅Borrower must have steady income and proof of employment.

FHA Videos You May Find Helpful:

➡NEW FHA Loan Requirements – First Time Home Buyer – FHA Loan 2021 – https://youtu.be/JwGB0CEZOww
➡How to calcuate PMI on a FHA Loan – How to get rid of PMI – FHA Loan 2020 – https://youtu.be/1UDea_zyhqM
➡FHA Loan Qualifications – First Time Home Buyer – FHA Loan 2020 – https://youtu.be/1SC6WgAJ2yk
➡FHA Pros and Cons – First Time Home Buyer – FHA Loan 2020 – https://youtu.be/fOWjRGQmKDM
➡Buying a home using FHA – First Time Home Buyer – FHA Loan 2020 – https://youtu.be/8KCzd8GPH_w

What is a VA loan? A VA loan is a mortgage loan in the United States guaranteed by the United States Department of Veterans Affairs

VA loan requirements

✅Active Duty or Served 90 Continuous Days/Met length of service requirements which is generally 90 days in wartime and 181 days in peacetime/completed 90 days of active duty or 6 creditable years in selected reserve or national guard/surviving spouse of a veteran who died while in service or from a service related disability and have not remarried.
✅ FICO® score at least 580 (there are exceptions but they come with a cost)
✅ No Down Payment Required
✅MIP (Mortgage Insurance Premium ) is NOT required on VA Loans.
✅Debt-to-Income Ratio less than 41%. (Actually you can go much higher than this)
✅Condos have to be VA approved
✅The home must be the borrower’s primary residence.
✅Borrower must have steady income and proof of employment.

The FHA/VA amendatory clause states that the buyer cannot be required by the seller to purchase the home if the appraisal is lower than the sales price listed on the sales contract. The fha amendatory clause also states that the appraisal will determine the maximum loan amount provided by the lender.

Do you need to be connected with a knowledgeable and professional Realtor or mortgage professional (lender) in your market? If so, please reach out to me directly.

Connect with me: 👇
Jeb Smith (Huntington Beach Realtor/orange county real estate)
DRE 01407449
Coldwell Banker Realty
I N S T A G R A M ➳ https://www.instagram.com/jebsmith

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President Biden extends the foreclosure moratorium and mortgage forbearance through June but did not extend the eviction moratorium. In addition, these actions would offer six months of additional mortgage forbearance for those who enroll on or before June 30. When is the eviction moratorium set to expire? How long will this continue? How long will they keep extending the foreclosure moratorium? In this video, we discuss the foreclosure and eviction moratorium extension as well as the forbearance extension in more detail.

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Articles Referenced in this video:

➡➡https://www.politico.com/news/2021/02/16/foreclosure-moratorium-mortgage-forbearance-extension-469111

The actions are an extension of an order that was originally enacted under the Trump administration in March of last year and would block home foreclosures and offer delayed mortgage payments until July.

How do you think the foreclosure moratorium extension will affect the housing market? How long do you believe they will continue to extend the eviction moratorium and how will this ultimately affect the housing market 2021?

Do you have questions about Real Estate? Want to get connected with a Top Producing Real Estate Agent or Mortgage Professional in your market?

Connect with me 👇
Jeb Smith (huntington beach Realtor/orange county real estate)
DRE 01407449
Coldwell Banker Realty
➡I N S T A G R A M ➳ https://www.instagram.com/jebsmith

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Are you a first time home buyer buying a house in the housing market 2021? Are you asking yourself the question “Should I buy a house in 2021 or wait for a pull back?” In this video, we discuss supply and demand, interest rates and what’s driving home prices in this housing market. We also go over an example of buying a house right now with today’s interest rates versus waiting a few years after a market pullback with potentially higher interest rates and compare the monthly payments. Should you buy now or wait?

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Insight on the housing market:

AEI housing market indicators, January 2021

Examples used in the video:

Example 1 – Buying today
$500,000 Purchase Price
$400,000 Loan Amount (20% Down)
Monthly Payment: $1,632.96

At a 5% home appreciation in 2021 and 2022, below is the new value of the home.

2021 – $525,000
2022 – $551,250

Example 1 – Taking that $551,000 price and saying prices pulled back by 20% in 2 years.
$441,000 Purchase Price
$352,800 Loan Amount (20% Down)
Monthly Payment: $1,633.87

If you one of those sitting on the sidelines waiting for a housing crash or a foreclosure wave, what do you think is going to cause the housing crisis for home prices to pull back? How long are you willing to wait?

Do you need to be connected with a knowledgeable and professional Realtor or mortgage professional (lender) in your market? If so, please reach out to me directly.

Jeb Smith (Huntington Beach Realtor/orange county real estate)
DRE 01407449
Coldwell Banker Realty
I N S T A G R A M ➳ https://www.instagram.com/jebsmith

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Are you considering leaving California to relocate to another state like Texas, Idaho, Nevada, Arizona or even North Carolina? Why are so many people leaving california? In this video, we discuss why Californias are leaving in an exodus for other states and what you should consider as someone who is considering relocating to another state as the grass isn’t always greener on the other side.

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Are you considering buying a house Austin, Texas or Boise, Idaho or anywhere else in the United States and want to work with a professional Realtor? If so, let’s chat 👇 as I have Real Estate Agent connections all over the US that will take great care of you.

Jeb Smith (Huntington Beach Realtor/orange county real estate)
DRE 01407449
Coldwell Banker Realty
I N S T A G R A M ➳ https://www.instagram.com/jebsmith
Home Buyer Questionaire: https://www.jebsmith.net/hbq/

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