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What Does Forbearance Mean for You?

Have you been dealing with job loss or an illness that prevented you from working? The loss or reduction in income could make it difficult for you to pay your mortgage. When doing so would increase your financial hardship, it can be reassuring to know that you have options. You are not alone in this […]
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10 Tips on How to Prepare for a Hurricane

With a record ten hurricanes making landfall already this year, it is vital to know what you should do to prepare when you receive news a hurricane is on the way. Hurricane Delta has already made landfall, but you may have time to prepare. Check out On Q Financial’s ten tips to prepare before Hurricane […]
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An Explanation of the FHFA Adverse Market Refinance Fee

In August of this year, the FHFA announced that all lenders would need to implement a 50 basis point fee on all refinances due to the adverse market effects of the COVID-19 pandemic. What does this mean for you, the consumer? Well, in short, it means you will pay more for a refinance. However, there […]
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Without Power? What to Do in a Blackout

With Hurricane Sally making landfall and with recent rolling power outages due to the Arizona and California wildfires, you may be wondering what to do in the event you are left without power. Here are some tips from On Q Financial on how to prepare when you might lose electricity in your home! Follow Government […]
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Mortgage Applications on the Rise

For the eighth week in a row, the number of mortgage applications has steadily increased. In a June 10th report from trusted real estate and finance advocate, Mortgage Bankers Association, mortgage applications are currently up 9.3% from the week prior. Housing Demand Creates Higher Mortgage Applications The Market Composite Index, which measures the amount of mortgage loan […]
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Why is it Difficult to Get a Mortgage or Home Loan During a Pandemic?

The mortgage industry has been completely changed by the coronavirus COVID-19 pandemic. Due to many, many people losing their main sources of income because of the whole world essentially grinding to a halt, almost 4 million mortgages are in forbearance. In this article, we’re going to discuss why it’s becoming more difficult by the day […]