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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 mortgage information, mortgage after divorce, home building, natural disasters, homebuying with student loan debt, student loan debt, real estate scam, freddie mac, mortgage tax deductions, inflation, common real estate fears, FICO Scores, disaster recovery, millennial homebuyers, mortgage credibility, holiday season, home prices, single women homebuyers, mortgage calculator, mortgage calculator tricks, mortgage terms, credit card rule, homeowners insurance, home inspection, relationship status, Airbnb, avoiding a mortgage scam, online tools, buying a foreclosed home, mortgage qualification, tax benefits, pmi rates, mortgage, second home, buying a vacation home, investment, first time home buyers

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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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Take Advantage of VA Loan's Major Benefits

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

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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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The Future Of Homes Starts Now

[fa icon="calendar'] May 3, 2018 8:30:00 PM / by Eustis Mortgage posted in Active Military and Veterans, VA loans, title insurance, prepaids, housing affordability, mortgage information, transitioning into homeownership, home appraisal, rental property, mortgage underwriting, home building, awards, natural disasters, student loan debt, federal reserve, real estate scam, home builder confidence, inflation, overcoming real estate fears, home financing, disaster recovery, mortgage credit, holiday season, home prices, obstacles to homeownership, mortgage savings, today's interest rates, re-apply for a mortgage, relationship status, room-rental services, housing options, mortgage scam, pay off your mortgage, advantages of choosing a mortgage lender, mortgage qualification, 3% down mortgage, mortgage refinancing, private mortgage insurance, mortgage pre-approval, pmi rates, non-farm payroll, credit cards, buying a vacation home, applying for a loan, mortgage rate, loan candidate, housing market, mortgage process, technology, realtor tips, first time homeowner, homeownership, home ownership, renting vs. buying, expenses, first time home owner, buying vs. renting, selling your home

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As homes evolve over the years incorporating new technology and innovation into them, current and future home owners have to be sure to keep up on what's coming next. Think smart. Homes are getting faster and more environmentally friendly all over the world and consumers expect them to be in prime locations. People are willing to have a more compact living space in order to be in a prime area featuring restaurants, bars, grocery stores they can walk to instead of using their car.

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Going Green At Home

[fa icon="calendar'] Apr 27, 2018 12:49:23 PM / by Eustis Mortgage posted in prepaids, Active Military and Veterans, VA loans, title insurance, mortgage information, housing affordability, home appraisal, mortgage after divorce, rental property, mortgage underwriting, mortgage market, natural disasters, pending home sale, flood insurance, federal reserve, freddie mac, home renovations, 203(k) loan, FICO Scores, disaster recovery, closing costs, mortgage credit availability, holiday season, retirement, stock market, single women homebuyers, homebuilder sentiment, mortgage calculator tricks, lender lingo, mortgage stress, Announcements, home inspection, interest rates, job change, mortgage options, louisiana floods, avoiding a mortgage scam, pay off your mortgage, buying a foreclosed home, real estate investing, mortgage qualification, mortgage rates, mortgage pre-approval

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Going green has become a necessity in the real estate industry the passed few years and will only increase.  Fortunately, homeowners can do simple improvements to their property that will be cost efficient and generate the highest return on their investment.

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How the New Tax Reform Affects Deductions for Homeowners and Home Sellers

[fa icon="calendar'] Mar 2, 2018 5:30:58 PM / by Eustis Mortgage posted in mortgage pre-approval, private mortgage insurance, pmi rates, mortgage refinancing, pmi, tax benefits, 3% down mortgage, money, credit cards, investment, second home, buying a vacation home, mortgage, trid, applying for a loan, economy, loans, renovation, housing market, fha loan, technology, buying vs. renting, homeownership, first time homeowner, home ownership, expenses, selling your home, real estate, renting vs. buying, mortgage process, tips, realtor tips, first time home owner, loan candidate, standard loans, mortgage rate, loan payments, 203K Streamline, rent rates, home buying, mortgage news, first time home buyers, real estate market, mortgage rates, mortgage qualification, first time home sellers

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January 1, 2018, President Donald Trump’s new 7 year tax reform law became effective.

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Fannie Mae Is Changing Its Debt-to-Income Ratio Requirements

[fa icon="calendar'] Jun 9, 2017 3:47:54 PM / by Eustis Mortgage posted in mortgage news, mortgage qualification

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Debt has been one of the leading reasons why many potential homebuyers have refrained from applying for a mortgage. Beginning July 29, however, this may not remain such a recurring issue. On this date, Fannie Mae will be changing its debt-to-income (DTI) ratio requirements from 45 to 50 percent. As Fannie Mae is one of the largest sources of mortgage money, this could allow a huge number of new individuals, especially millennials, to receive home-purchase mortgages. 

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Get Mortgage Qualified – Even With Credit and Debt Problems

[fa icon="calendar'] Feb 3, 2017 4:16:25 PM / by Eustis Mortgage posted in mortgage qualification, mortgage news

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According to the U.S. Department of Housing and Urban Development, 2017 shows great potential for growth in home sales, especially since last year’s sales were the highest they’ve been since 2007. As a result, the real estate market has become increasingly competitive in many parts of the country—but this doesn’t mean mortgage qualification has matched this level of competition. In fact, the technology company, Ellie Mae, has recently revealed that homebuyers with low FICO scores or high debt-to-income ratios could still qualify for that desired mortgage.

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Mortgage Qualification With A Part-Time Job

[fa icon="calendar'] Nov 15, 2016 11:06:35 AM / by Eustis Mortgage posted in mortgage qualification, mortgage news

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According to the Bureau of Labor Statistics’ latest employment summary, 5.9 million Americans work part-time jobs because of economic reasons. As a result, many potential homebuyers shy away from the opportunity to buy a home—but this should not be the case. In fact, mortgage applicants who work one or more part-time jobs can apply that income towards mortgage qualification. Check out how you can get mortgage approved with either one part-time job or a part-time second job today.

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A New “Credit Card” Rule Is Making Mortgage Qualification Easier Than Ever

[fa icon="calendar'] Oct 4, 2016 11:46:19 AM / by Eustis Mortgage posted in mortgage qualification, credit card rule, mortgage news

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This year, nearly two-thirds of loan applications have been approved by mortgage lenders—and with a new “credit card” rule, these numbers are only expected to increase. According to the Federal Reserve, Fannie Mae has completely changed the way mortgage lenders calculate a borrower’s debt by altering the credit reporting industry.

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Mortgage Qualification: You Don’t Need A Perfect Credit Score!

[fa icon="calendar'] Jun 30, 2016 12:09:04 PM / by Eustis Mortgage posted in mortgage qualification, credit score, mortgage news

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Today, mortgage rates are the lowest they’ve been in years. It’s the ultimate time for home seekers to become homebuyers, and home renters to become homeowners—so why aren’t people rushing to their mortgage advisors to begin the buying process? According to The Washington Post, it’s most likely because of their sub-perfect credit scores. Many people fear they will not qualify for a mortgage with an imperfect credit score, but this is not true!

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