There are costs that are associated with owning a home that families must consider when preparing a monthly budget. The mortgage payment is a significant factor, but not the only cost.
Two of America’s most storied mortgage companies, American Mortgage Service Co. and Eustis Mortgage, have agreed to join forces to form the nation’s premier mortgage banker. Together the two companies have a combined 110 years of mortgage lending and operations. The two companies each possess similar characteristics in how they approach the mortgage business for their clients and their general appreciation for the employee family.
January 1, 2018, President Donald Trump’s new 7 year tax reform law became effective.
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.