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Posts Categorized: Financial Education

Build-Construction-Renovate

Mortgage for Energy or Protective Home Improvements

GMFS Mortgage offers HomeStyle Energy Mortgage for financing upgrades to reduce utility costs and improve the protective resilience of your home. This includes upgrades to energy and/or water efficiency or protective improvements from natural disasters.  Plus, receive a $500 credit…

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Financial Education

Exciting New Updates for Borrowers

New loan program updates are making it easier for qualified borrowers to purchase their dream home! A few updates GMFS Mortgage is excited to share: 5% down payment for 2-4 units/primary residence – November 18, 2023  $750,000 conventional loan limit…

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Financial Education

Mortgage Interest Rate Deduction

If you’re a homeowner that itemizes tax deductions, you can deduct your mortgage interest for qualified primary and secondary residences bought, built or improved. It’s one of the many benefits of homeownership! What is the Mortgage Interest Rate Deduction The…

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Financial Education

Debt Consolidation

GMFS Mortgage debt consolidation program is designed to simplify your finance and help you become debt-free. GMFS can offer relief from managing multiple debts. Whether you’re looking to pay off credit card debt, car loans, or other high-interest loans, we…

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Build-Construction-Renovate

Renovation Loans

HomeStyle Renovation Loans Struggling to get your home repaired because of a high insurance deductible? Take advantage of the untapped equity in your home with a home renovation loan! Make home renovations or updates Build a pool Up to 97%…

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Financial Education

Cryptocurrency and Mortgages

Can I get a mortgage using cryptocurrency? Did you know you can count cryptocurrency like bitcoin as an asset for your mortgage? The requirements for bitcoin, cryptocurrency, or coin based assets for home loans include: Must be converted to U.S….

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Buy-Purchase-Sell

2/1 Buydown

How a 2/1 buydown may be able to lower your monthly housing payment When interest rates were at historic lows, a typical fixed rate mortgage loan was all most people needed. Now, rates have risen and borrowers may be looking…

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Buy-Purchase-Sell

Homestead Exemption

Applying for Homestead Exemption Please remember to apply for your homestead exemption if you have not done so already! The homestead exemption is a wonderful benefit for homeowners.  Consult with an accountant or tax professional for specific tax relief information….

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Equal Housing Lender. ©2017 GMFS LLC. Loan programs not available in all states, or to all consumers. All loans are subject to availability at the time of application and for terms that meet each individual consumer’s needs and qualification information. Loan applications are subject to credit and property approval. GMFS LLC encourages all consumers to consult with a tax advisor concerning the tax implications for the type of mortgage sought. All mortgages are originated by GMFS LLC, NMLS ID #64997, at 7389 Florida Blvd. Suite 200A Baton Rouge, LA 70806. The retail division of GMFS LLC is Doing Business As “GMFS Mortgage”.

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