With interest rates increasing, new strategies need to be considered when attempting to purchase a property. As the residential real estate markets are settling to the point where they are…
How You Can Benefit From The Current Shift in Real Estate
Down Payment Assistance Grant – Learn How First-Time Homebuyers Can Qualify for a Down Payment of Up To 10%
PLEASE NOTE: THIS PROGRAM IS NO LONGER AVAILABLE. REACH OUT TO LEARN ABOUT CURRENT DOWN PAYMENT ASSISTANCE PROGRAMS Contrary to down payment assistance programs, the 10% down payment assistance grant…
First Time Home Buyer in California? Find Out if a Down Payment Assistance Program is Right for You
When purchasing a house, first-time home buyers tend to think about the cash needed to cover things like closing costs and the foreboding down payment. We collaborate with the sponsor…
Renovation Mortgages – What Are FHA 203(k) Loans?
FHA 203(k) Loans, or “Renovation Loans,” allow borrowers to finance costs associated with renovations within a single mortgage loan. They are specifically designed for borrowers who want to remodel or…
Mythbusters for VA Loans
Myth: VA loans are not preferred loan programs as the appraisals come in lower than the sale price. Fact: VA Appraisals come in at or above market value over 92%…
The Benefits of High Interest Rates
What Is Behind The Increase In Mortgage Rates? When inflation is on the rise, the Federal Reserve will tighten monetary policy and raise interest rates. This policy change discourages risky…
The Domino Effect: How Timelines Impact a Real Estate Purchase Transaction
Purchasing a home is generally a long and stressful exercise that involves many steps and procedural formalities. Closing occurs when the borrower signs the papers that make the house theirs,…
Buyers Purchasing More New Homes For November 2021
Despite purchase prices rising, the Mortgage Bankers Association (MBA) says there has been a steady increase in purchase applications in a recent month-to-month study. Based on the applications, single-family home…
Mortgage Forbearances Decline Significantly in November 2021
Forbearance is when your mortgage servicer or lender allows you to temporarily pay your mortgage at a lower payment or pause paying your mortgage. The borrower will pay the payment…
Important Update: New Mortgage Loan Limits For 2022
While the 2022 Conforming loan limits have not been officially announced by the Federal Housing Finance Agency, we at Bluefire Mortgage Group, are ready to start offering conforming loans up…
