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Eustis Mortgage and American Mortgage Service Announce Intentions to Join Together: Two Great Companies, One Bright Future

[fa icon="calendar'] Aug 15, 2019 8:00:00 AM / by Eustis Mortgage posted in mortgage news, realtor tips, selling your home, mortgage process, housing market, investment, mortgage, real estate market, mortgage qualification, housing options, Eustis Family of Companies, stock market, Announcements, interest rates, housing industry, first-time homebuyers, mortgage credit, american mortgage service company, Merger, big news

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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.

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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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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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The Future Of Homes Starts Now

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

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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 mortgage pre-approval, mortgage qualification, pay off your mortgage, buying a foreclosed home, real estate investing, louisiana floods, avoiding a mortgage scam, mortgage rates, home inspection, mortgage options, mortgage stress, lender lingo, stock market, mortgage calculator tricks, Announcements, job change, interest rates, retirement, holiday season, single women homebuyers, homebuilder sentiment, mortgage credit availability, disaster recovery, 203(k) loan, FICO Scores, closing costs, home renovations, freddie mac, federal reserve, flood insurance, pending home sale, natural disasters, mortgage market, mortgage underwriting, rental property, mortgage after divorce, home appraisal, housing affordability, mortgage information, title insurance, VA loans, Active Military and Veterans, prepaids

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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 first time home owner, fha loan, loan candidate, standard loans, mortgage rate, economy, mortgage news, renting vs. buying, home ownership, homeownership, tips, loan payments, 203K Streamline, expenses, first time homeowner, buying vs. renting, realtor tips, selling your home, mortgage process, technology, housing market, credit cards, money, rent rates, pmi, trid, first time home buyers, investment, second home, mortgage, mortgage pre-approval, private mortgage insurance, mortgage refinancing, real estate, real estate market, renovation, loans, tax benefits, 3% down mortgage, home buying, applying for a loan, mortgage qualification, first time home sellers, buying a vacation home, pmi rates, mortgage rates

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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 news, mortgage qualification

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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 news, mortgage qualification

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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 news, mortgage qualification, credit card rule

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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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