Buying a home is one of life’s most exciting milestones, but the journey can feel overwhelming without the right help. Understanding the role of loan officers is essential when navigating the home-buying process. These professionals guide borrowers through securing a…
For anyone considering buying a home in Louisiana, one of the biggest questions looming is this: Will mortgage rates go down in 2025? After a few uncertain years for the real estate market, many potential homebuyers and homeowners alike are…
New guideline updates are making it easier for self-employed or 1099 income borrowers to get pre-qualified for their dream home! You may qualify for a mortgage: Use 1099 & YTD Bank Statements 1099 income eligible in lieu of tax returns…
New Fannie Mae and Freddie Mac guidelines are helping more self-employed borrowers get pre-qualified for home loans! Beginning January 2024, only 1 year of income history is sufficient enough to approve financial stability under certain conditions. Traditionally, 2 years worth…
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….
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…
Extended Rate Locks are Now Available for Conventional Loans! Extended rate locks can give you peace of mind when locking in your interest rates in an unpredictable market. GMFS Mortgage now offers extended rate locks up to 270 days. A…
Mortgage Insurance Has Benefits Did you know mortgage insurance has benefits? Most of the time it is seen as an extra cost, but there may be real benefits that result from getting Mortgage Insurance. You may be able to buy…