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Is It Better to Rent or Buy a Home?

[fa icon="calendar'] Jun 11, 2021 8:00:00 AM / by Eustis Mortgage posted in fha loan, loan payments, 203K Streamline, 3% down mortgage, advantages of choosing a mortgage lender, homebuyers, pmi rates, mortgage rates, co-signing a mortgage, single women homebuyers, FICO Scores, flood insurance, homebuying with student loan debt, awards, home building, mortgage after divorce, american mortgage service company

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Using Your Tax Refund to Buy a Home

[fa icon="calendar'] May 10, 2021 6:22:47 PM / by Eustis Mortgage posted in homeowners insurance, co-signing a mortgage, mortgage after divorce, title insurance, Recruiting

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As more Americans file their tax returns, it is becoming increasingly necessary for them to decide what to do with the money they get.

For the second year in a row, you have additional time to file your federal taxes. On March 17th, the Treasury Department and Internal Revenue Service announced that the federal income tax filing due date for individuals for the 2020 tax year will be automatically extended from April 15, 2021, to May 17, 2021.

This gives you a little more time to decide what you will do with your tax refund.

– Would your tax refund be enough for a down payment on a new home?


– Do you feel you should use this to pay off debt?

The possibilities are endless, however, whatever you do decide to do, always choose the path that will give you the largest return on investment (ROI).

The housing market is in a frenzy right now.

Tight supply conditions and strong demand have made the housing market highly competitive and fast-paced, with most homes in a multiple offer situation. If you're going to jump in this pool of homebuyers, be ready to swim quickly! You and your agent should be prepared to write a strong offer with the least number of contingencies.

But what is the first step in preparation? Getting pre-qualified. Meeting with a loan officer is the first step, so when you are ready to submit the winning offer, you have your qualification letter in hand.

Your loan officer will review your credit, your debt to income ratio, and determine what the best route for you is. Lenders like to see your debt to income less than 43%. There are three types of loans that all vary in the down payment amount. The different types are VA, FHA or Conventional. Based on the different loan types and your circumstances, your loan officer will provide direction as to the best loan option for you.


Start preparing now for that first meeting. You will need the following documents in hand so your loan officer can review your file.

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Smart Ways to Save (For a Down Payment)

[fa icon="calendar'] Jan 11, 2021 12:05:43 PM / by Eustis Mortgage posted in fha loan, homeownership, loan payments, mortgage process, real estate market, 3% down mortgage, home buying, getting mortgage approved, homebuyers, homeowners insurance, mortgage savings, mortgage terms, co-signing a mortgage, obstacles to homeownership, housing industry, 203(k) loan, home financing, freddie mac, homebuying with student loan debt, fha 203k loans, transitioning into homeownership, Loan Officer

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Back to School: Home Organization Tips

[fa icon="calendar'] Aug 26, 2019 8:00:00 AM / by Eustis Mortgage posted in homeowners insurance, home inspection, mortgage stress, mortgage savings, home prices, stock market, community development block grant, co-signing a mortgage, mortgage credibility, credit card rule, holiday season, obstacles to homeownership, homebuilder sentiment, mortgage credit, millennial homebuyers, dodd-frank act, home financing, overcoming real estate fears, property taxes, mortgage tax deductions, home renovations, freddie mac, real estate scam, flood insurance, student loan debt, ind, homebuying tricks, awards, mortgage market, mortgage underwriting, rental property, home appraisal, housing affordability, VA loans

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The new school year has snuck up on us again! As much as we prepare, we can probably agree that we’re never fully ready. As summer begins to wind down, it may be helpful to ready your home for the upcoming school year.

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Big News! Freddie Mac is Now Offering Renovation Loans

[fa icon="calendar'] Jul 10, 2019 1:56:04 PM / by Eustis Mortgage posted in real estate investing, online tools, housing options, louisiana floods, homebuyers, homeowners insurance, home inspection, mortgage options, mortgage stress, mortgage savings, re-apply for a mortgage, home prices, stock market, community development block grant, relationship status, co-signing a mortgage, mortgage credibility, credit card rule, holiday season, obstacles to homeownership, homebuilder sentiment, mortgage credit, millennial homebuyers, dodd-frank act, home financing, overcoming real estate fears, property taxes, mortgage tax deductions, home renovations, freddie mac, real estate scam, flood insurance, student loan debt, ind, homebuying tricks, awards, mortgage market, mortgage underwriting, rental property, home appraisal, housing affordability, VA loans, Loan Officer

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You heard correct. You now have more options for rehabilitation financing. Freddie Mac just launched the CHOICERenovation loan. You can now combine your home and renovation loan together when you choose Freddie Mac during your home purchase. This loan is the perfect loan to purchase that less than perfect home.  

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5 Mistakes People Make When Buying Their First Home

[fa icon="calendar'] May 29, 2019 8:50:00 AM / by Eustis Mortgage posted in getting mortgage approved, home inspection, Eustis Family of Companies, community development block grant, mortgage terms, co-signing a mortgage, mortgage credibility, single women homebuyers, obstacles to homeownership, housing industry, mortgage credit, FICO Scores, closing costs, property taxes, mortgage tax deductions, fannie mae, federal reserve, student loan debt, ind, mortgage mistakes, home building, rental property, home appraisal, title insurance, prepaids, Recruiting, Job Hunting, Loan Officer

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4 Ways to Use the Equity in Your Home

[fa icon="calendar'] Dec 13, 2018 10:24:19 AM / by Eustis Mortgage posted in Eustis Family of Companies, mortgage savings, lender lingo, stock market, Announcements, co-signing a mortgage, interest rates, MCAI, obstacles to homeownership, housing industry, homebuilder sentiment, mortgage credit availability, closing costs, dodd-frank act, overcoming real estate fears, property taxes, home renovations, home builder confidence, federal reserve, home value, pending home sale, ind, awards, mortgage market, rental property, housing affordability, title insurance, VA loans, Active Military and Veterans, prepaids

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Out Of State Investing

[fa icon="calendar'] Oct 16, 2018 12:00:00 PM / by Eustis Mortgage posted in Eustis Family of Companies, mortgage savings, lender lingo, stock market, Announcements, co-signing a mortgage, interest rates, MCAI, obstacles to homeownership, housing industry, homebuilder sentiment, mortgage credit availability, closing costs, dodd-frank act, overcoming real estate fears, property taxes, home renovations, home builder confidence, federal reserve, home value, pending home sale, ind, awards, mortgage market, rental property, mortgage after divorce, mortgage information

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Take Advantage of VA Loan's Major Benefits

[fa icon="calendar'] May 21, 2018 8:30:00 PM / by Eustis Mortgage posted in mortgage rate, money, rent rates, trid, second home, tax benefits, home buying, mortgage qualification, advantages of choosing a mortgage lender, buying a foreclosed home, real estate investing, beat an all-cash offer, housing options, homebuyers, pmi rates, homeowners insurance, home inspection, mortgage options, mortgage stress, community development block grant, mortgage calculator tricks, relationship status, job change, co-signing a mortgage, retirement, credit card rule, housing industry, first-time homebuyers, mortgage credit availability, 203(k) loan, closing costs, common real estate fears, inflation, home builder confidence, real estate scam, flood insurance, student loan debt, pending home sale, ind, natural disasters, awards, home building, mortgage underwriting, mortgage after divorce, housing affordability, mortgage information, title insurance, VA loans, Active Military and Veterans, prepaids

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 At the Eustis Family of Companies we consider it a privilege to of loans to our veterans that have served protecting our freedoms.

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Invest In Real Estate While You're Young

[fa icon="calendar'] Mar 23, 2018 12:00:00 PM / by Eustis Mortgage posted in fha loan, economy, homeownership, tips, loan payments, realtor tips, mortgage process, technology, credit cards, money, pmi, trid, investment, mortgage pre-approval, real estate market, loans, applying for a loan, brexit, first time home sellers, beat an all-cash offer, louisiana floods, getting mortgage approved, homebuyers, home inspection, mortgage stress, lender lingo, stock market, community development block grant, mortgage calculator tricks, Announcements, room-rental services, job change, co-signing a mortgage, interest rates, credit card rule, holiday season, single women homebuyers, obstacles to homeownership, housing industry, homebuilder sentiment, mortgage credit availability, mortgage credit, FICO Scores, closing costs, property taxes, mortgage tax deductions, fannie mae, federal reserve, student loan debt, homebuying tricks, mortgage market, fha 203k loans, mortgage underwriting, rental property, mortgage after divorce, transitioning into homeownership, home appraisal, housing affordability, mortgage information, title insurance, VA loans, Active Military and Veterans, prepaids

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The first taste of living by your own rules can feel pretty liberating, but can feel burdening if your future plans keep haunting you in your sleep.

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