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)…
Looking to buy a home but concerned about your credit score? Your credit score is one of the key factors in determining what type of mortgage and interest rate you qualify for. Of course, the higher your score the lower…
We did it again! The Greater Baton Rouge Business Report has once again named GMFS as one of the Best Places to Work in Baton Rouge, Louisiana! GMFS Mortgage was also named a Best Places to Work in 2016. This survey and…
Having student loan debt does not automatically preclude you from qualifying for a home loan. There’s a range of home loan programs that vary in requirements. Depending on your goals, you more than likely qualify for at least one of…
Fall is arguably the best time of year for many reasons. The weather becomes cooler, the leaves begin to change, football season begins, and pumpkin-flavored everything is in abundant supply. But there’s another great reason to love fall that might…