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…
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…
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…
As a business owner, freelance consultant, or independent contractor, buying a home or refinancing can oftentimes be more challenging to secure financing. It can be difficult to prove how much…
When gearing up to buy a home, there are lots of moving parts to think about. There are the closing costs, insurance, location, rates, and so many other aspects to…
When applying for a mortgage, mortgage lenders will take several factors into consideration when reviewing an application – credit score, debt-to-income ratio, and financial history being the most prominent. Generally…
When financing a house, one of the many decisions a homeowner must make is how to schedule their mortgage payments. By default, payments are due once a month. However, some…
Buying a home can come with hefty price tags in the form of closing costs, property taxes, maintenance, etc. One of the biggest upfront costs is the down payment. Even…
Interest rates have long been a part of the financial landscape. They act as a bridge between corporations and borrowers to ensure money will always be available to borrow in…
The key difference between a Jumbo mortgage and a Conforming loan is the size of the loan. A Jumbo loan is a mortgage used to finance properties that are too…
