Yesterday, the Federal Housing Finance Agency (FHFA) announced that the conventional loan limits will be increasing by 6.9% next year (2019). Conventional loans are also known as conforming loans. But there is no need to wait for 2019, because effective immediately – GMFS…
This GMFS Mortgage video explains the things you should NOT do while going through a home loan application process so that you can avoid complications, get approved and close on time.
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….