• Wappingers Office
    (845) 297 4700
    (845) 297 8178
  • Lagrange Office
    (845) 485 2700
    (845) 485 2703
  • New Paltz Office
    (845) 255 6163
    (845) 255 6757
  • Commercial Real Estate Division
    (845) 297 4700
    (845) 567 8333

CENTURY 21 Alliance Realty Group's Blog

Qualifying for a Loan After a Short Sale - Is the Waiting Period 2 Years or 4?

If you sold a property on a Short Sale within the past few years, you were probably informed by the lender that according to Fannie Mae guidelines you could qualify for a new loan after a 2-year waiting period.

Unfortunately Fannie Mae recently changed those guidelines to a 4-year waiting period.  

Read more about it here:  Buying after a Short Sale? The Wait Just Got Longer - (TNS)—Q: We completed a short sale about two years ago. We have been renting and saving our money to buy a new home after the two-year waiting period imposed by Fannie Mae. When we applied for our new loan, we were told that now we have to wait another two years. We are very upset […] [RisMedia Consumer News]

Century 21 National Market Update through November 2014

Check out this short video summarizing the national real estate market trends through November 2014.

Will the Easing of Fannie & Freddie's Lending Guidelines Make a Difference For You?

Although Fannie and Freddie released new lending guidelines on Monday, it looks like many of the large lenders are not all that anxious to make any changes as yet.  Eventually these new guidelines will have an affect to help loosen the tight credit market, but you may need to be a little patient.

Shopping around for your mortgage is certainly recommended.  Some lenders may adopt new rules quicker than others.  There is a good possibility you will soon start seeing some different kind of promotions from the lenders who will lead the way.  

We are optimistic that more opportunities for home loans will be opening up.  Read more about what the experts have to say.  Did Mortgages Just Get Easier to Obtain? -

Fannie Mae and Freddie Mac's new lending guidelines went into effect Monday, which are expected to help loosen up the tight credit standards... [NAR Daily News Magazine]