Overview Buying a home in Q4 of 2022 has proven to be challenging in a variety of ways. Given the recent turbulence in the equity & real estate market, many…

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…

Overview Given the current interest rate environment, Jumbo Adjustable Rate Mortgages (ARM) can be an excellent mortgage option that allows homeowners to get into a lower-than-market interest rate for the…

What is a 7/6 ARM? A 7/6 ARM is an adjustable-rate mortgage fully amortized over 30 years. During the first 7 years of the loan, the interest rate will remain…

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…

As the real estate market shifts, the equilibrium between buyers and sellers shifts as well. For example, a property that would’ve been caught in a bidding war previously may now…

Contrary to down payment assistance programs, the 10% down payment assistance grant program, or “Forgivable Loan,” is designed for low income borrowers and is completely forgivable if borrowers meet certain…

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…

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…

What Is the Debt Service Coverage Ratio (DSCR)? The Debt Service Coverage Ratio is a ratio of a property’s annual net operating income and its annual mortgage debt, including principal…