The new conventional Conforming loan limits have been increased to $715,000! Although they haven’t been officially released, we at Bluefire Mortgage Group are honoring these new loan limits effective immediately…
What Is the Debt Service Coverage Ratio (DSCR)? The Debt Service Coverage Ratio is a ratio of a property’s annual net operating income and its annual mortgage debt, including principal…
One of the questions that we often get asked is, “What is the best time to buy a house?” Seasonality has much to do with supporting factors in the housing…
Homeownership provides stability and the opportunity to create a foundation for a family. However, there are also tax benefits that come with buying and owning a home. Taking advantage of…
When a homebuyer is interested in purchasing a condominium or townhome utilizing FHA or VA financing, the homeowners association of the subject property must be approved by the FHA or…
As a borrower, there are several options when it comes to purchasing a home. Financing a home with a mortgage is the most common route. From there, a buyer must…
FHA 203(k) Loans, or “Renovation Loans,” allow borrowers to finance costs associated with renovations within a single mortgage loan. They are specifically designed for borrowers who want to remodel or…
Personal Bankruptcies Chapter 7: Liquidation Liquidation is the most common type of personal bankruptcy. It is the elimination of unsecured debt – including credit card debt, medical bills, and personal…
In 2007, an influx of houses on the market married with a credit crisis caused housing prices to plummet. This trapped homeowners who couldn’t afford their mortgage payments, and couldn’t…
A common theme amongst investors is where to stash money – stock market or real estate? Simply put, a stock is a share in a company where it is expected…
