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What Buyers Should Look for When Buying Their First Home

[fa icon="calendar'] Oct 18, 2021 7:30:00 AM / by Eustis Mortgage posted in fha loan, mortgage news, homeownership, loan payments, first time homeowner, buying vs. renting, investment, mortgage, mortgage refinancing, real estate, real estate market, loans, credit score, 3% down mortgage, home buying, applying for a loan, homebuyers, homeowners insurance, mortgage rates, mortgage terms, co-signing a mortgage, single women homebuyers, housing industry, home value, title insurance, Loan Officer

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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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Building Wealth Through Homeownership

[fa icon="calendar'] Jan 8, 2021 12:10:00 PM / by Eustis Mortgage posted in fha loan, mortgage news, homeownership, loan payments, mortgage process, home buying, applying for a loan, homebuyers, homeowners insurance, mortgage savings, single women homebuyers, obstacles to homeownership, housing industry, FICO Scores, home financing, freddie mac, home building, fha 203k loans, mortgage after divorce, 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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Which Loan is the Right Loan for You?

[fa icon="calendar'] May 15, 2019 9:00:00 AM / by Eustis Mortgage posted in pay off your mortgage, buying a foreclosed home, housing options, mortgage scam, homeowners insurance, mortgage options, mortgage stress, lender lingo, home prices, mortgage calculator tricks, job change, interest rates, retirement, MCAI, homebuilder sentiment, 203(k) loan, millennial homebuyers, dodd-frank act, common real estate fears, home renovations, freddie mac, home value, homebuying with student loan debt, homebuying tricks, awards, fha 203k loans, mortgage after divorce, housing affordability, VA loans, Loan Officer

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Choosing a mortgage can be a little intimidating for first time homebuyers. One thing to remember is mortgages are not created equal. There is no one mortgage to fit everyone. You have to consider all of your personal and financial needs when choosing to make sure you pick the best option you see fit for your lifestyle. Here is a brief description to give you an introduction to the most common type of loan options:

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Avoid These Traps When Transitioning Into a Homebuyer

[fa icon="calendar'] Aug 20, 2018 8:30:00 PM / by Eustis Mortgage posted in first time home buyers, investment, second home, mortgage, tax benefits, mortgage qualification, buying a vacation home, buying a foreclosed home, online tools, Airbnb, pmi rates, avoiding a mortgage scam, homeowners insurance, home inspection, home prices, mortgage calculator tricks, mortgage calculator, relationship status, mortgage terms, mortgage credibility, credit card rule, holiday season, single women homebuyers, disaster recovery, millennial homebuyers, FICO Scores, common real estate fears, inflation, mortgage tax deductions, freddie mac, real estate scam, student loan debt, homebuying with student loan debt, natural disasters, home building, mortgage after divorce, mortgage information

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The rush of buying your first home is one of the most exciting experiences one can endure in their life. It's a huge accomplishment and you should feel extremely proud of yourself. One thing to remember is to not let the overwhelming feeling of excitement allow you to fall into the traps that can occur during the process.

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Advantages of Becoming a Homeowner

[fa icon="calendar'] Aug 13, 2018 9:30:00 AM / by Eustis Mortgage posted in homeowners insurance, mortgage stress, mortgage savings, credit card rule, mortgage credit availability, disaster recovery, mortgage credit, FICO Scores, closing costs, home financing, overcoming real estate fears, home builder confidence, fannie mae, federal reserve, student loan debt, ind, mortgage mistakes, awards, mortgage after divorce, home appraisal, housing affordability, mortgage information, VA loans

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Renting seems like the easy way out to most people. Although rent prices fluctuate each year, you only pay rent and utilities with a landlord at your fingertips to fix any and every problem, and the flexibility to pack up and venture out to the next city without any attachment. Yes, these are some perks that make it easy when you are young and finding your path. What about when you finally get that job you want to keep and can picture yourself staying there for some time?

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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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