Time capsule spotters came across a doozy this week—a riverfront residence with must-see listing photos. The well-preserved Washington home tallied a ton of clicks and coasted to the top spot as this week’s most popular home on realtor.com®. The pristine home is filled with custom-designed interiors and vintage treasures. We’re intrigued by the perfectly preserved wallpaper, purple shag carpet, and retro tiled bathrooms. But it was a black vinyl upholstered bathroom door that left us speechless. Behold the majesty. Besides the throwback interiors, there’s plenty to love about this property, which is surrounded by nature and sits along the Yakima River. On the other end of the decor spectrum, a pair of sexy Southern California homes listed by stars of the “Real Housewives” franchise grabbed your attention. Vicki Gunvalson‘s Orange County abode and Teddi Mellencamp‘s Hollywood Hills house are both over-the-top and glam to the max. You also clicked on two particularly gorgeous renovations. The Anchorage brick estate in Ohio was given a whimsical makeover with lovely results, and a distinctive Moorish-style mansion was transformed into something spectacular. So whether you’re a time capsule enthusiast, a fan of glam, or lover of historic homes, you’ll find something to swoon over this week. And if you do happen to buy the time capsule house, we beg you not to change the green tile bathroom. Scroll on down for a full look at this week’s most popular homes. 10. 207 Deer Run Ct, Mullica Hill, NJPrice: $925,000 ——-- 9. 7820 Electra Dr, Los Angeles, CAPrice: $5,995,000 ——-- 8. 6240 Arendes Dr, Saint Louis, MOPrice: $489,900 ——-- 7. 44 S Main St, Salamanca, NYPrice: $89,500 ——-- 6. 1808 Courtney Ave, Pleasanton, CAPrice: $3,250,000 ——-- 5. 7 Shire, Coto de Caza, CAPrice: $3,350,000 ——-- 4. 1010 Merriman Rd, Akron, OHPrice: $2,650,000 ——-- 3. 625 5th St N, Stillwater, MNPrice: $1,400,000 ——-- 2. 1 Skyline Dr, Ogden Dunes, INPrice: $599,000 ——-- 1. 106 7th St, Prosser, WAPrice: $399,900 Antique bathroom tile, shag carpets, and built-ins are all present and accounted for. Wild wallpaper and crazy color choices are also evident throughout. What a buyer decides to do with the purple shag carpet and mirrored ceiling in the master bedroom is entirely up to him. The post Terrific Time Capsule in Washington Is the Week’s Most Popular Home appeared first on Real Estate News & Insights | realtor.com®. via https://www.realtor.com/news/trends/washington-time-capsule-most-popular-home/
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A waterfront estate on the north shore of Lake Tahoe has splashed onto the market for $44 million, making it this week’s most expensive new listing. Part of the affluent community of Incline Village, NV, it’s far and away the most expensive listing in town. There are 209 homes on the market in Incline Village, with a median list price of $1.2 million. This 1.2-acre property with 150 feet of lake frontage last changed hands in 1997 for $6.8 million. The buyer was listed as Spirit of the Lake LLC, an entity connected to Madylon and Dean Meiling, who own the Nevada-based company Chemeon Surface Technology. On the market for just nine days, the stone, glass, and wood structure is already in “contingency” status—which means an offer is in place. The listing notes the lakefront retreat features “almost 12,000 square feet of custom designed craftsmanship, with exquisite ‘Tahoe Blue’ lake views from almost every room.” Built in 2006, the home features iron gates and a heated, tree-lined driveway. The great room has a beamed, 35-foot ceiling and a wall of glass facing the lake. The open and airy space includes seating areas, a fireplace, grand piano, and chandeliers. A professionally equipped kitchen comes with an island and butler’s pantry and is adjacent to a casual eating area. The kitchen also opens out to a patio for lakeside meals. In addition, the home features a formal dining room. The home has four bedrooms, four bathrooms, and three half-baths. On the second level, the master suite includes a sitting area and a fireplace. Luxe spaces include an office, library, and wet bar. Other high-end amenities include a home theater, exercise room, 1,200-plus-bottle wine cellar, and an elevator. The grounds include perennial gardens, a year-round stream, as well as a boat dock. And you’ll never be without a place to park with a seven-car garage. In a boon for a buyer in a hurry, the property is being offered fully furnished, including the Yamaha grand piano, a shared pier, and a Cobalt boat. Tracey A. Cutler with Windermere Prestige Properties holds the listing. The post $44M Luxury Waterfront Estate on Lake Tahoe Is Most Expensive New Listing appeared first on Real Estate News & Insights | realtor.com®. via https://www.realtor.com/news/trends/luxury-waterfront-estate-on-lake-tahoe-most-expensive/ The famed Los Angeles boathouses don’t look like much from the street. But once you step into one of the seven wood-frame homes that float over a canyon in the Hollywood Hills, you begin to understand why they’re in high demand. Need further proof of their desirability? The most recent transaction involved a boathouse that listed for $920,000 and sailed into contract in less than t10 days. If you watch “The Kominsky Method” on Netflix, you’ll recognize a boathouse as the home of the drama coach Sandy Kominsky, played by Michael Douglas. And that starring role isn’t the only claim to fame for these homes, built in 1958. “The boathouses were built by Harry Gesner, known to many as the ‘most interesting architect in the world,’ because he only took interest in projects that were one of a kind,” explains the co-listing agent, Jessica Koltsov of The Agency. “Gesner was approached by a man who had bought several of these hillside lots in the late 1950s. He was asked if he could make anything of them, because everyone had said these lots were ‘unbuildable.'” Not one to shy away from a challenge, Gesner came up with a winning concept. As Koltsov told us, “He flew out a team of Norwegian shipbuilders to help construct the uniquely shaped boathouses, with an aim to maximize the lot size they were on and create a unique design. Today, the row of boathouses are recognizable as an architectural landmark in Los Angeles.” Gesner’s design genius isn’t limited to these seven distinctive dwellings. It’s also on display in the internationally famous Malibu Wave House, which may have inspired the design for the famed Sydney Opera House. But hiring the Norwegian shipbuilders to realize his nautical design concept was a true stroke of genius. In addition to their shipbuilding skills, the artisans had expertise in building what are known as stave churches—wooden structures that employ timber framing. The wood framing and shiplap are among the homes’ most prominent features. None of the boathouses are large— they all have one or two bedrooms and a single bath. And because of the unusual size of the lots they sit upon, there isn’t much room for any additions. The boathouse that recently went under contract has two bedrooms and measures in at a petite 1,136 square feet. Before listing the home, the owner, Emmy award-winning stylist Oakley Stevenson, took the time to update it. She paid $735,000 for the boathouse when she bought it, back in 2015. It now features new bamboo floors throughout, new drywall and structural beams, a reconstructed deck, and a new roof. She also decked out the bonus studio space. Perhaps another reason it went under contract so quickly was the sub-million-dollar list price. The price was still steep, but any time a home in this trendy Los Angeles neighborhood goes on the market for under $1 million, buyers are eager to climb aboard. This boathouse was listed by Koltsov and her colleague at The Agency, Jonathan Ruiz. The post Famous L.A. Boathouse Finds a New Captain in Less Than 2 Weeks appeared first on Real Estate News & Insights | realtor.com®. via https://www.realtor.com/news/unique-homes/los-angeles-boathouse-gets-a-new-captain/ This gorgeous desert dwelling used to sit in the middle of nowhere. Built in 1928, La Casita de Maria in Paradise Valley, AZ, was one of the first structures erected in a town now known for its multimillion-dollar mansions. Now, after an award-winning restoration and remodel, this beautiful complex of adobe buildings is on the market for $4,695,000. Nestled into a “desert botanical garden,” the nearly century-old home is a shining example of a mindful historic restoration. Listing agent Scott Jarson says the home is no longer lonely. It’s now surrounded by a number of mansions as well as world-class shopping, dining, and resorts. The gated compound on an acre lot offers spectacular mountain views. Inside, many of its original details—honeycomb fireplaces, exposed brick, and beamed ceilings—have been preserved. Those vintage elements are now accompanied by resort-worthy amenities. There’s a huge pool, outdoor living spaces, and a newly added industrial kitchen. However, none of the recent additions competes with the home’s desert frontier spirit. The kitchen features retractable glass doors, which open to the inviting backyard. There’s also a “bunkhouse” wing for big sleepovers, complete with a sitting area and bath. All together there are six fireplaces, multiple patios, and views of Camelback Mountain, the Phoenix Mountain Preserve, and Piestwa Peak. In all, the remodeled compound boasts a five-bedroom main house, one-bedroom guesthouse, roof deck, and three-car garage with shop. Cheery cactus prints and upcycled antiques like an armoire transformed into a darling bunk bed are just a few of the surprises in this adorable adobe. A touch of eccentric charm was exactly what this desert delight needed to achieve perfect balance. “This is one of those homes that everyone dreams of, myself included,” says Jarson. “It’s a house that many local people drive by and often imagine a life in. It’s like a portal to another time—now thoughtfully and carefully updated with every modern amenity included.” The post Chic Century-Old Adobe Compound in Arizona Desert Is Listed for $4.7M appeared first on Real Estate News & Insights | realtor.com®. via https://www.realtor.com/news/unique-homes/chic-century-old-adobe-compound-in-paradise-valley/ Mortgage Rates Fall Once Againbut Rising Home Prices Mean That Buyers Shouldnt Expect Savings8/27/2020 Mortgage rates are still near record lows, but that isn’t making owning a home cheaper for home buyers any longer. The 30-year fixed-rate mortgage averaged 2.91% for the week ending Aug. 27, dropping eight basis points from the week prior, Freddie Mac reported Thursday. The 15-year fixed-rate mortgage also fell eight basis points to an average of 2.46%. The 5-year Treasury-indexed hybrid adjustable-rate mortgage remained at 2.91% on average. Low mortgage rates have provided incentives to would-be buyers, prompting home sales to hit volumes last seen prior to the Great Recession. But today’s home buyers aren’t necessarily scoring a deal when compared with last year’s cohort of buyers. This time last year, the 30-year fixed-rate mortgage averaged 3.58%. But someone who buys the typical listing today will be paying $14 higher monthly mortgage payments than someone who purchased a property last summer, according to data from Realtor.com. “Lower mortgage rates can’t completely offset higher costs,” said Danielle Hale, chief economist at Realtor.com. (Realtor.com is operated by News Corp subsidiary Move Inc., and MarketWatch is a unit of Dow Jones, which is also a subsidiary of News Corp.) When rates drop, affordability improves for a period of time. But as history has shown, low rates eventually coax more people into the housing market. That creates competition for homes, which drives prices upward. Currently, median listing prices are 10.3% higher than a year ago, according to Realtor.com. Meanwhile, the low supply of homes for sale has meant that properties are coming off the market in record time. That increases the likelihood that a given buyer will face a bidding war, which can increase how much they must spend to get the keys to their dream home. Ultimately, today’s home buyers may discover that low mortgage rates are a double-edged sword. One piece of good news for buyers though: While rates remain incredibly low, refinancing is becoming less attractive to existing homeowners, Hale said. “This may paradoxically help buyers as they won’t have to compete with as many refinance applicants for lender attention,” she said. The post Mortgage Rates Fall Once Again—but Rising Home Prices Mean That Buyers Shouldn’t Expect Savings appeared first on Real Estate News & Insights | realtor.com®. via https://www.realtor.com/news/real-estate-news/mortgage-rates-fall-once-again-but-rising-home-prices-mean-that-buyers-shouldnt-expect-savings/ The numbers: The index of pending home sales rose 5.9% in July as compared with June, the National Association of Realtors reported Thursday. It is the third consecutive month in which the level of Americans signing contracts to purchase homes has risen. Home sellers are going under contract in record time, the trade group reported. Compared with a year ago, contract signings were up 15.5%. “We are witnessing a true V-shaped sales recovery as homebuyers continue their strong return to the housing market,” Lawrence Yun, the National Association of Realtors’ chief economist, said in the report. The index measures real-estate transactions where a contract was signed for a previously-owned home but the sale had not yet closed, benchmarked to contract-signing activity in 2001. What happened: Pending home sales increased across all parts of the country, led by a 25.2% gain in the Northeast. With demand for homes so high, properties are flying off the market. Nine contracts are being signed for every 10 new listings, Yun said. The National Association of Realtors once again upgraded its forecast for home sales in 2020. The group now expects existing-home sales to increase to a pace of 5.8 million in the second half of the year. If that were to happen, the rate of sales for the entire year would be 5.4 million, which equates to a 1% gain from a year ago. Last month, the NAR projected that sales would drop in 2020 compared with the previous year largely because of the pandemic. The big picture: Demand for homes is high right now. Pent-up demand caused by the delayed spring home-buying season has combined with new demand created by low mortgage rates and a desire among many Americans to move to the suburbs in search of more space as people continue to work and to educate their children from home. “A primary factor in the housing market being spared so far is due to the concentration of unemployment in the service industries in which wages are often too low to support home ownership, as well as mortgage forbearance plans which have prevented current homeowners facing hardship from facing the prospect of selling to avoid foreclosure,” said Ruben Gonzalez, chief economist at Keller Williams. However, the housing market does have one major headwind that will prevent sales volumes from hitting records: Inventory. The number of homes available for sale is historically low, and buyers can’t purchase what’s not for sale. Unless more people are inspired to put their homes on the market, the nation’s housing inventory will limit how far sales volumes can climb for the foreseeable future. What they’re saying: “Housing is one area where the recovery has been extremely swift — pending sales already jumped above pre-COVID levels in June, while price trends have held firm. You will not find a post-war recession with this type of behaviour from such a cyclical sector — but this is no normal downturn,” Robert Kavcic, senior economist at BMO Capital Markets, wrote in a research note. Market reaction: The Dow Jones Industrial Average and the S&P 500 both rose slightly in Thursday morning trading. The post Pending Home Sales Rise in July, but Inventory Challenges Could Limit the Housing Sector appeared first on Real Estate News & Insights | realtor.com®. via https://www.realtor.com/news/real-estate-news/pending-home-sales-rise-in-july-but-inventory-challenges-could-limit-the-housing-sector/ The golfer Matt Kuchar is letting go of his St. Simons Island, GA, oceanfront home for $3.5 million. The Florida-born player picked up the place in 2010 for $2.3 million—the year he was the PGA Tour’s lead money-winner. The golf mecca has been the home of other PGA greats, such as Davis Love III, who recently lost his home to a fire. As of 2015, Golf Digest estimated that somewhere around a dozen players and their families had homes in the tiny coastal community. Which adds up—the upscale coastal hub boasts multiple golf courses, mild weather, and miles of beaches. Set on a quarter-acre overlooking East Beach, Kuchar’s three-level cottage on the market features six bedrooms and 6.5 bathrooms, on 8,287 square feet. Built in 2006, the home was designed with views and privacy in mind, with a split floor plan, carefully placed landscaping, and a 1,000-square-foot separate guesthouse. The large layout comes with a great room, high ceilings, a formal dining room, and an eat-in kitchen with a huge island. A large master bedroom features cathedral ceilings, a sitting area, and a walk-in closet. Other perks include a wet bar, game room, and a gym. Outside, multiple decks offer seating and outdoor dining, an infinity-edge pool and spa, as well as a mister-cooled blue stone pool deck. Kuchar, 42, has won nine times on the PGA Tour. In 2016, he won an Olympic bronze medal for golf at the Summer Olympics in Rio de Janeiro. He also holds the distinction of being the highest-earning PGA Tour player without a major championship win, with career winnings of $50 million. Patrick Dunn with Sea Island Properties holds the listing. The post PGA Star Matt Kuchar Selling Georgia Beach House for $3.5M appeared first on Real Estate News & Insights | realtor.com®. via https://www.realtor.com/news/celebrity-real-estate/pga-star-matt-kuchar-selling-georgia-beach-house/ We live in interesting times—Idaho is now a hot spot for mansions. Just a month after we crowned a $27 million mansion as the state’s most expensive home, a pricier lakefront mansion has splashed down on the market. Listed for $30 million, Idaho’s new most expensive home is a sprawling estate on Windy Bay Road in Worley, ID, that sits on Lake Coeur d’Alene. It’s located about 15 miles south of the previous title holder. Known as Skypine, this megamillion-dollar mansion took the title from the mansion dubbed Copper Rock Estate. Copper Rock went up for sale a little over a month ago, with a list price of $27 million. Skypine, built in 2011, sits on 27 manicured acres and offers 16,620 square feet of luxurious living space. A large manmade waterfall is a focal point, and there’s 870 feet of lake frontage, much of it sandy. Most of the home’s rooms have lakefront views, and each of the four bedrooms has an en suite bathroom. The master bedroom is in its own wing and has an open and airy feeling, with access to paved outdoor living space. That wing also features an office and exercise room. The master bathroom is enormous and features two large vanities and a soaking tub with a lake view. The closet also offers an abundance of space. The main living spaces feature high ceilings, lots of windows, and wooden beams. There are several fireplaces, media rooms, and stone corridors to wander through. A large game room provides plenty of indoor entertaining space. Outdoors, a 2,400-square-foot boathouse is designed to protect all manner of water toys. Eight watercraft are part of the sale price, including several personal watercraft, a pontoon boat, and a 34-foot StanCraft. StanCraft is an Idaho-based boat-making company that was established in 1933. The company builds custom wooden boats that cost several hundred thousand dollars. The sale price also includes two aircraft hangars at the Coeur d’Alene Airport that include space for aircraft, an office, and lounging areas. A helipad on the lakefront property offers no-fuss access from the airport to the estate. Once past the security gates, the driveway to the house is a half-mile and is all finished with pavers. There’s a two-car attached garage. Public records show that the owner is Ron Pratte, once a famous car collector. Throughout the house, you can see signs that the owner loves cars. Pratte, who lives near Phoenix, made his fortune as the founder and CEO of Pratte Development Company, a wood framing and concrete foundation company. He eventually sold his company to Pulte Homes. The wealthy collector had a car museum in the Phoenix suburb of Chandler, AZ, to display his collection. In 2015, Pratte sold his entire collection of more than 100 cars and other items for over $40 million. Published reports say Pratte now collects planes and other aircraft. The post $30M Lakefront Estate Takes Over as Idaho’s Most Expensive Home appeared first on Real Estate News & Insights | realtor.com®. via https://www.realtor.com/news/unique-homes/lakefront-estate-takes-over-as-idaho-most-expensive-home/ Houston Rockets superstar Russell Westbrook has been busy off the court, in the real estate arena. The All-Star is closing in on a deal to sell his Edmond, OK, mansion. Currently listed for $1.3 million, the luxury home is now in pending sale status. Purchased in late 2012 for $2 million, the massive residence has been recently renovated, and includes a number of upgrades. Westbrook has had a bit of a battle unloading the home—even though he’s selling at a loss. The home originally came on the market in November 2019, for $1.7 million. Since then, the price has been cut a couple of times, most recently in early July, to the current price. The recent reduction seems to have done the trick, as the home went pending shortly thereafter. Built in 2007, the mansion sits on a 1.43-acre lot and features five bedrooms, 5.5 bathrooms, and 8,398 square feet of living space. For a buyer who prefers options, this place is a gem—it features two master bedrooms on the main level. As you enter, there’s a grand foyer with a dramatic double staircase that leads upstairs. The open floor plan flows easily from the large kitchen into a lovely dining area. The kitchen boasts two islands (a chef’s dream!), a Sub-Zero fridge/freezer, and a large walk-in pantry. Upstairs, you’ll find a cool bonus room, complete with a kitchen and bar area, a second study room, home theater, and a large exercise area. Outside, there’s a gorgeous pool with hot tub, large cabana, and a putting green for golf enthusiasts. The mansion is only about 14 miles from downtown Oklahoma City, and is not too far from the shopping and dining in the area. Successful sale in MarchEarlier this year, Westbrook sold his smaller starter home—also located in Edmond. He purchased the three-bedroom residence in 2008, for $383,500. After his departure from the Oklahoma City Thunder last summer, Westbrook began shuffling his portfolio. The modest home had recently been updated, and the kitchen and bathrooms feature quartz countertops. The backyard is made for entertaining with an outdoor grill, fire pit, plus a pool with a waterfall. His smaller Oklahoma home landed on the market last October for $429,500. After a few months on the market, the home wound up selling in mid-March, for $419,900. According to real estate records, an LLC connected to Westbrook owns one additional Oklahoma home that was purchased in November 2017 for $1.2 million. That home has yet to land on the market. A California native, Westbrook also owns two homes in the Los Angeles area. In 2018, he bought a posh estate in Brentwood for $19.75 million. Back in 2015, he bought a $4.6 million Beverly Hills home from the reality TV star Scott Disick. Westbrook, 31, is a nine-time NBA All-Star and won the league’s MVP trophy in 2017. Kermit Brown with Churchill-Brown and Associates holds the listing for the Edmond mansion. The post Rockets All-Star Russell Westbrook Nears 2nd Real Estate Win in Oklahoma appeared first on Real Estate News & Insights | realtor.com®. via https://www.realtor.com/news/celebrity-real-estate/russell-westbrook-close-to-a-second-real-estate-win-in-oklahoma/ Some mortgage lenders are asking customers taking out a mortgage to confirm they don’t intend to seek forbearance, a move meant to keep losses low during a pandemic that has put millions of Americans on shaky financial footing. The unusual requirement comes in the form of a new document included in many borrowers’ closing paperwork. While the language varies, the forms generally tell borrowers that they won’t be allowed to skip payments until their loans are backed by the government, according to forms reviewed by The Wall Street Journal. The forms, known among lenders as “Covid-19 borrower certifications,” often ask home buyers to confirm that they don’t expect changes to their income. Some warn of potential penalties if any of the certifications are later proven to be false. The $2 trillion coronavirus stimulus package Congress passed in the pandemic’s early days allows struggling homeowners to request up to 12 months of forbearance on federally backed home loans, meaning they can temporarily pause their payments and make them up later. But it can take days, weeks or sometimes even months for a newly made loan to get government backing. Lenders can still unload loans that are already in forbearance. Government-backed mortgage companies Fannie Mae and Freddie Mac said this spring they would begin to buy loans in forbearance, but at a discount of either 5% or 7% of the loan’s value, depending on whether the borrower is a first-time homebuyer. The Federal Housing Administration said it would insure loans in forbearance but could charge the lender a 20% fee if the loan goes into foreclosure. Together, Fannie Mae, Freddie Mac and the government-owned mortgage company, Ginnie Mae, back more than 70% of outstanding U.S. mortgages, according to the Urban Institute, a nonpartisan policy research group in Washington, D.C. Lenders are struggling to figure out which borrowers will be able to pay back their loans. The current recession has made it particularly hard to determine who is creditworthy: Millions of Americans are behind on their debts, but their missed payments aren’t reflected in their credit scores or uniformly recorded on their credit reports because of protections in the stimulus law. Many lenders have responded by tightening credit. Credit-card issuers are closing accounts and lowering credit limits. The Mortgage Bankers Association’s Mortgage Credit Availability Index, designed to gauge access to a variety of mortgage products, shows consumer access to home loans fell about 17% between March and July. For mortgage lenders, the forbearance penalty is an added concern. “The hit more than wipes out your margin—over something you have no control over,” said Esther Phillips, senior vice president of sales at Key Mortgage Services Inc. “You can’t control what customers do after you close.” Key’s form asks borrowers to certify they haven’t applied for forbearance from any mortgage payments and have no plans to ask for it. Adrian Leal was surprised when one of the mortgage lenders he was considering asked him to sign such an agreement in the late spring. The form, from LoanPeople LLC, asked him to confirm that he had no plans to request a forbearance. At first, Mr. Leal thought it meant his home loan would never be eligible for forbearance. He now believes the letter meant he wouldn’t be eligible for forbearance until a government agency agreed to buy or insure his mortgage. He is still employed as a software engineer but said he would turn to forbearance if he lost his job. “I’ve never bought a home before, so I needed to be careful,” Mr. Leal said. The share of mortgages in forbearance, 7.2%, has declined for 10 straight weeks, according to the Mortgage Bankers Association, but is still far above pre-pandemic levels. The Urban Institute has estimated that just 3,750 loans will be subject to the forbearance penalty. But lenders are still doing everything they can to avoid it, including tightening credit, with wide-ranging effects. Many have raised minimum credit scores and lowered maximum debt-to-income ratios. Bernadette Kogler, chief executive of RiskSpan, a mortgage analytics firm, said lenders are going to pull back on credit and “make fewer loans that might go into forbearance.” The resulting credit pullback will limit purchase and refinance opportunities for up to 255,000 consumers, the Urban Institute said. The share of consumers with credit scores below 700 who purchased or refinanced a home fell in the first half of the year. Verifying that mortgage applicants have a job, a typical part of the lending process, has become a major concern for lenders during a time of high unemployment. Dustin Adair said his credit union called his office to make sure he still worked there six times between his loan’s approval and the closing on his Austin, Texas-area home this month. Mr. Adair, a legal assistant, understands the rigorous vetting. He was furloughed for about two months in early spring when the lawyers at his office began working from home, delaying his quest for mortgage preapproval. “Every day I go into work, I think, ‘Well, what’s going to happen if we go back into quarantine for another three months?’” Mr. Adair said. The post Before Making Loans, Some Mortgage Lenders Ask, Do You Really Plan to Pay This? appeared first on Real Estate News & Insights | realtor.com®. via https://www.realtor.com/news/real-estate-news/before-making-loans-some-mortgage-lenders-ask-do-you-really-plan-to-pay-this/ |
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