So, you have gone through the mortgage loan pre-approval process, found a property that you like, and got an offer to purchase accepted. What’s next? For one, you’ll need to…
Mello-Who? Mello-Roos
When searching for a new home, you will sometimes see that a property has a Mello-Roos tax. In simple terms, it is an additional property tax. We know you aren’t…
Happy 2023! What are Your Goals?
Is one of your New Year’s goals for 2023 to buy a home? While that may feel like a daunting task at first, if you break it up into smaller…
Understanding How Mortgage Payments Work
Overview Nobody likes making mortgage payments. That being said, missing a mortgage payment is much more painful than making the scheduled payment. This will hurt your credit score, negatively impact…
Introducing our Newest HELOC Loan Program: A Great Way To Access Your Home’s Equity Easily and Effectively
Overview With the average amount of home equity hitting new all-time highs, many homeowners are seeking to discover how they can immediately benefit by having access to their equity. One…
New Conventional Conforming Loan Limit Increase
The new conventional Conforming loan limits have been increased to $715,000! Although they haven’t been officially released, we at Bluefire Mortgage Group are honoring these new loan limits effective immediately…
Interested in Purchasing an Investment Property? Here is how it is different from a Primary Residence:
Getting to the point where you can afford to expand your real estate portfolio is a huge milestone. When it comes to financing an investment property, there are a few…
Offset Mortgage Financing – How This Mortgage Program Will Help You Become Debt Free Faster
We know how a traditional fixed-rate mortgage works – the typical borrower will take a loan out for approximately 30 years, with the first few years primarily spent on paying…
How To Safely Wire Closing Funds To Escrow: A Call-Back Verification Process
Our digital environment has made it quite easy for all kinds of jobs and technology to thrive. With the addition of Covid, the entire world shifted; most companies were forced…
What You Need to Know About 1031 Exchanges & Residential Mortgage Loans
What is a 1031 Exchange? A 1031 exchange (IRS code Section 1031) is an exchange that occurs when one investment property is sold in order to purchase another. When swapping an investment…