What is forbearance? Forbearance is only a postponement of the payments being due; where there is no negative impact to your credit as long as the proper process is followed. The guidelines are not dictated by GMFS; therefore we must…
How will the Federal Reserve impact mortgage rates? Homebuyers sometimes misunderstand how the Federal Reserve affects traditional mortgage rates. The Fed doesn’t actually set mortgage rates. Instead, it determines the federal funds rate, which generally impacts short-term and variable (adjustable)…
New Low Rate Offerings in 2020 Take advantage of low interest rates today to increase your buying power or reduce your loan term and save money! Request a consultation with our award-winning team today. https://gmfsmortgage.com/free-consultation/
Great news! FHA Loan Limit Increases for 2020 New 2020 Loan Limit for FHA one-unit property: $331,760 Read HUD Announcement Get pre-qualified with our award-winning team today!
GMFS is now accepting new applications with increased 2020 conventional loan limits! The Federal Housing Finance Agency (FHFA) announced Tuesday that conventional loan limits are increasing. The new 2020 base loan limit in most of the country will be $510,400 (a…
Winter is upon us. Whether that means snow, frigid temperatures, or the start of the rainy season, your home could use some prep to ensure it — and you — make it through comfy and cozy. 6 Winter Home Maintenance…
Is now a good time to refinance my loan? As interest rates drop, many homeowners find themselves considering if now is a good time to refinance their existing home loan. Refinancing could mean big savings depending on your financial situation….
At GMFS Mortgage, we make the home buying process easy! If you are thinking of buying a home for the first time, you may not know where to start. 10 Steps to Buying a Home 1) Save for a…