Today, credit is factored into so many decisions. Beyond buying a car or purchasing your home, your credit can influence things like your insurance premiums, interest rates, and even your ability to land the right job. Put simply, your credit…
Potential home-buyers pause when they hear that home prices are rising, inflation pressure is rising and mortgage rates are also rising. But you must consider a broader context when evaluating the current market to determine if now is the right…
Help GMFS Mortgage cheer on Audrey Roussel, daughter of GMFS employee Kim Bondy, as she makes her way to Seattle in July for the 2018 National Special Olympics! Audrey earned her invitation to this year’s game as a delegate in…
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…
Myth: You need a 20% down payment to purchase a home Fact: Some home loan programs allow anywhere from 0-3% down! Saving for a 20% down payment is a great goal to work towards as the total cost of your…
Order a free copy of your credit report every 12 months through www.AnnualCreditReport.com. Other Credit Related Home Loan Tips: Dispute any errors on your credit report with the credit reporting agencies (Equifax, Experian, and TransUnion) Don’t open any new accounts within…
This video breaks down what impacts your monthly mortgage payment and what is included in the payment. Primary factors that affect your mortgage payment: Size of loan amount Term for repayment (e.g. 30 Years) What is included in your monthly…
This video illustrates how mortgage lenders use your credit score to determine: Do you qualify for a home loan based on your Debt-to-Income ratio? The interest rate you qualify for (lowest interest rates are typically reserved for higher credit scores)…