Being able to verify a borrower’s employment is a critical aspect of the mortgage lending process. Mortgage lenders are required to obtain an outside party verification of employment even if…

When applying for a mortgage loan, one of the determining factors used to qualify for a mortgage loan is your credit score (also known as a FICO Score). Your FICO…

Have you ever wondered what portion of your mortgage payment goes towards paying down the principal loan balance? The answer is that it changes slightly on every payment you make…

One of the critical parts of a mortgage application process is having your mortgage lender complete a credit check. While borrowers are often apprehensive about having their credit scores pulled,…

The 2024 conforming loan limits have just been officially announced by the Federal Housing Finance Agency and we at Bluefire Mortgage Group are ready to start offering conforming loans up…

Overview The mortgage lending landscape is constantly changing to meet market conditions. One of the areas where changes are welcomed is the minimum qualification requirements for specific loan programs/products. Recently…

Congratulations, your mortgage loan has been funded and the escrow on your purchase has successfully closed. Once the celebration has ended, oftentimes borrowers find that they were so caught up…

Dealing with poor or damaged FICO credit scores can seem like fighting an unending battle. Perhaps you have been sliding to the bottom of the mountain for years due to…

A question asked frequently is, “Can I obtain a mortgage even if I am retired?” Fortunately, the answer to this question is undoubtedly, yes! And no we are not talking…

Recently interest rate volatility has become commonplace in the mortgage world. It is no longer uncommon for an interest rate to swing in any specific direction of up to 0.5%…