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Benefits of Refinancing by GMFS Mortgage

Refinancing a mortgage means paying off your existing home loan and replacing it with a new one. Refinance your home with GMFS Mortgage, its easy and a refi could save you a significant amount of money and/or improve your cash…

Closing Process

Why Might a Home Loan Closing be Delayed?

Why Might a Home Loan Closing be Delayed? In this GMFS Mortgage video we discuss common reasons a home loan closing might be delayed including failure to properly acknowledge the Closing Disclosure (CD) document, if APR increases over 1.25% or…

Buy-Purchase-Sell

Concerned About Saving for Your First Down Payment?

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…

Buy-Purchase-Sell

Wondering if you are Qualified to be a Homeowner?

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…

Buy-Purchase-Sell

What Does a Loan Officer do?

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…

Credit & Economics

How Does Student Loan Debt Impact Your Ability to Become a Homeowner?

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…

Credit & Economics

Concerned About Your Credit Score?

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…

Credit & Economics

What is a FICO score?

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…

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Posts Categorized: Financial Education

Benefits of Refinancing by GMFS Mortgage

Why Might a Home Loan Closing be Delayed?

Concerned About Saving for Your First Down Payment?

Wondering if you are Qualified to be a Homeowner?

What Does a Loan Officer do?

How Does Student Loan Debt Impact Your Ability to Become a Homeowner?

Concerned About Your Credit Score?

What is a FICO score?

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