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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…
How Does Student Loan Debt Impact Your Ability to Become a Homeowner? This video from GMFS Mortgage helps explains how having student loan debt does not mean you cannot qualify for a mortgage. As with most financing, your debt to…
Concerned About Your Credit Score? This video from GMFS Mortgage helps explains how your credit score is one of the key factors in determining what type of mortgage and interest rate you qualify for. The higher your score, the lower…
What is a FICO score? Back in 1956, an engineer named William Fair and a mathematician named Earl Isaac came up with a formula to calculate the first credit scoring system. This calculation measures a consumer’s credit risk and has…
Protecting your credit score is critical when you’re in the process of buying a new home. Your rate and loan costs could be affected by even a slight change – adding to the list of reasons to protect your credit…
Today, credit is factored into so many decisions. Beyond buying a car or purchasing your home, your credit can influence things like your insurance premiums, interest rates, and even your ability to land the right job. Put simply, your credit…