Mortgage 1 Team

September 1, 2017

When is jumbo loan required?

When is jumbo loan required? A Jumbo Mortgage is required when the loan amount exceeds the current conforming loan limits. As of 2017, the highest conforming loan amount (set annually by the Federal Housing Finance Agency (FHFA)) can vary by county, In Michigan, Florida, Ohio, […]
August 25, 2017

7 personal financial tips for mom and dad at back to school time.

As parents everywhere look forward to getting back to the routine of another school year, this time of year can be a great time to review personal and household finances before the rush of the holidays. Take the next few weeks to evaluate where you […]
August 8, 2017

Why do I need a Real Estate Appraisal?

One of the most confusing aspects of obtaining a mortgage can be the appraisal process. Most people think that because a home sold for a certain price, that price must be equal to the value of the home.  The truth is the “sale price” has […]
July 26, 2017

What is the Minimum Credit Score a Borrower needs to Obtain a Mortgage?

Many potential home shoppers may feel that their credit score is not up to snuff to become homeowners.  The truth is you can actually get a mortgage in some cases moderate, low and even no credit score at all. Wondering what’s the minimum FICO® score […]