Hancock Mortgage Partners, LLC

Contact Us: 978-202-5722

 

Recent Topics

Will You Be Able to Get a Mortgage in 2018?
What Does A Government Shutdown Mean For Your Mortgage Approval
Under Pressure - Mortgage Rates Begin New Year
Mortgage Rates May Temporarily Spike Due To Tax Bill
Fannie Mae Mortgage Loans: 3 Important Changes

Archives

January 2018 (3)
2017 (4)
2016 (1)
2015 (7)
2014 (11)

RSS Feed

Subscribe To Our Blog:


What Does A Government Shutdown Mean For Your Mortgage Approval

Posted by:  Hancock Mortgage Partners, LLC
2018-01-21 19:54:38

Information credited to MortgageNewsDaily.com and Apartment Therapy
 
A shutdown of the federal government — which will occur if Congress can't approve at least a temporary funding bill today, an increasingly likely scenario — could throw a monkey wrench into many corners of our economy. And if you're getting ready to close on a house, look out, because one of those wrenches might be headed your way.
 
That's because some government agencies are involved in the mortgage process, and they're generally of the "non-essential" variety. The good news is, most home buyers (probably) won't be affected. Mortgage giants Fannie Mae and Freddie Mac aren't pure government organizations, and they'll keep right on going approving loans during any potential shutdown.
 
Read More at: Apartment Therapy

Categories:  


Post a Comment