How the Current Market Affects the Mortgage Process – A panel discussion with TowneBank Mortgage

We see the light at the end of the tunnel. How will the housing market react, where are rates headed, and why does loan program diversity matter?

• Loan Programs- How a diverse loan portfolio can attract more eligible buyers.
• Interest Rates- Reduced economic activity and a decline in inflation kept rates low throughout the pandemic. Now that we are seeing the light at the end of the tunnel due to vaccine availability, how will rates react?
• Qualification Issues- How credit counseling, diverse loan programs and education on the mortgage process can help borrowers overcome qualification issues.
• Renovation Loans- Ins and outs of the renovation loan and what the renovation process looks like.
• Appraisal Issues- Interest rates, limited inventory and other factors rapidly increased home prices across the country- how has this impacted appraisals?

• Nate Smith, Vice President/Mortgage Sales Manager & President of the Board of Directors at the Richmond Mortgage Bankers Association
• Chris Busching, National Renovation Manager
• Melina Lacey, Senior Vice President, Mortgage Corporation Underwriting