Are you self-employed and looking to qualify for a mortgage loan but are not sure where to start? You may have already spoken to a mortgage representative at your local…

One of the critical parts of a mortgage application process is having your mortgage lender complete a credit check. While borrowers are often apprehensive about having their credit scores pulled,…

When qualifying for a residential mortgage, lenders are required to ensure that the borrower is able to repay the loan. The most important metric in determining this is the borrower’s…

In an ideal world, you choose the lender whom you want to work with before you begin your home-buying process. However, it’s fairly common for borrowers to want to make…

Ever wondered why your mortgage loan application was denied by one lender but approved by another? While it is true that mortgage lenders have access to different loan products, more…

Residential mortgages are subject to strict financial regulations. Nowhere throughout the loan process is this more true than when it comes to sourcing the down payment funds needed for closing….

The 2024 conforming loan limits have just been officially announced by the Federal Housing Finance Agency, and we at Bluefire Mortgage Group are ready to start offering conforming loans up…

Refinancing a mortgage from a lower interest rate to a higher interest rate is something most borrowers want to avoid whenever possible, but can be a harsh reality when a…

The current interest rate environment has created a resurgence in second mortgages for homeowners. This resurgence in second mortgages is logical since taking out an additional mortgage is typically a…

What will my closing costs be? A good estimate for a buyer to determine closing costs is about 1%-2% of the purchase price for the subject property. Keep in mind…