What is a Paycheck Protection Program Loan? In the midst of the COVID-19 pandemic, we hope that you and your families are safe and healthy. We understand that many of us are experiencing financial difficulty due to loss of employment…
What is forbearance? Forbearance is only a postponement of the payments being due; where there is no negative impact to your credit as long as the proper process is followed. The guidelines are not dictated by GMFS; therefore we must…
How will the Federal Reserve impact mortgage rates? Homebuyers sometimes misunderstand how the Federal Reserve affects traditional mortgage rates. The Fed doesn’t actually set mortgage rates. Instead, it determines the federal funds rate, which generally impacts short-term and variable (adjustable)…
Thinking of Building A Home? GMFS Mortgage Can Help with Construction Loans Building your dream home can be a very exciting option if the existing home inventory and the cookie cutter tract homes that you’ve seen are just not what…
New Low Rate Offerings in 2020 Take advantage of low interest rates today to increase your buying power or reduce your loan term and save money! Request a consultation with our award-winning team today. https://gmfsmortgage.com/free-consultation/
Preparing To Get A Home – Tips You Should Know About Your Mortgage! So you’re tired of renting and think it is finally time to own a home? Before making the leap to home ownership, there’s one question you will…
Great news! FHA Loan Limit Increases for 2020 New 2020 Loan Limit for FHA one-unit property: $331,760 Read HUD Announcement Get pre-qualified with our award-winning team today!
GMFS is now accepting new applications with increased 2020 conventional loan limits! The Federal Housing Finance Agency (FHFA) announced Tuesday that conventional loan limits are increasing. The new 2020 base loan limit in most of the country will be $510,400 (a…