As home values continue to rise, GMFS Mortgage has been helping homeowners like you use the untapped equity in your house as a tool to consolidate higher interest debt and to provide cash for other needs, such as, remodeling, adding on to your…
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,…
Refinancing a mortgage means paying off your existing home loan and replacing it with a new one. A refi could save you a significant amount of money and/or improve your cash flow. To learn more, watch this video about the…
As interest rates go up and down, an important question comes to mind: When, if ever, should you refinance your home? The most common reason to refinance a home is because rates have gone down from when you initially bought…
What is a Cash-out Refinance? Essentially, a cash-out refinance is when you use your home’s equity to refinance for more than the outstanding loan balance owed on your current mortgage. Then, after paying off your original mortgage, the amount left…
Even the most experienced military borrowers aren’t familiar with this very powerful lending program. So, what exactly are the benefits, eligibility, and requirements? What is a VA Loan? A VA Loan is a mortgage loan that is backed by the…