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Paying Off Your Credit Cards Will Aid in Mortgage Loaning

[fa icon="calendar'] May 31, 2016 10:29:57 AM / by Eustis Mortgage posted in mortgage news, expenses, credit cards, money, mortgage, loans

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Beginning in June, Fannie Mae, which is one of the biggest government-sponsored buyers of mortgages, will now favor borrowers making efforts to pay down their credit cards when it comes to buying home loans. This means those just paying the
monthly minimums may simply not be enough. The company’s counterpart, Freddie Mac, is expected to follow suit.

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203K Streamline and Standard Loans

[fa icon="calendar'] Apr 12, 2016 3:35:49 PM / by Eustis Mortgage posted in standard loans, homeownership, tips, 203K Streamline, loans

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The Federal Housing Administration (FHA) 203k loans are immensely popular renovation loan products available to well-qualified borrowers looking to purchase either a fixer-upper or a home that just needs one or two additions to be “perfect”.

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