Concerned About Saving for Your First Down Payment? A big misconception among first-time home buyers is that you need a 20% down payment to purchase a home. Several home loan programs now have minimum down payment options resulting in…
Wondering if You are Qualified to be a Homeowner? Are you wondering if you are qualified to be a homeowner? In this GMFS Mortgage video we discuss a range of home loan programs with varying minimum qualifications and features such…
What Does a Loan Officer do? This GMFS Mortgage video explains how Loan officers, often referred to as mortgage loan originators, are people who help borrowers acquire loans such as mortgages from banks and lending institutions. Loan officers work directly…
Spring/Summer 2018 prove a “hot” time to buy with mortgage rates remaining level at 4.55%, continuing a three-week trend. “The minimal movement of mortgage rates in these last three weeks reflects the current economic nirvana of a tight labor market, solid…
Considering Resale in the Future When you’re caught up in the excitement of shopping for your new home, it can be difficult to take a step back and consider a home’s resale value and where you’ll be in two, five,…
One of the best parts of being a homeowner is the freedom to customize your space. From painting the walls to knocking them down, there are endless opportunities to put your own personal stamp on your home and make it yours….
The classic buy a home vs. rent a house debate has been going on for ages. Is buying a home really a valuable investment, or are you better off renting and putting your money into other wealth-building avenues? While arguments…
Potential home-buyers pause when they hear that home prices are rising, inflation pressure is rising and mortgage rates are also rising. But you must consider a broader context when evaluating the current market to determine if now is the right…