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…

One of the more frequent questions we get asked from prospective borrowers is if adding a friend or family member to their loan will help them qualify for a mortgage….

Overview The mortgage lending landscape is constantly changing to meet market conditions. One of the areas where changes are welcomed is the minimum qualification requirements for specific loan programs/products. Recently…

Mortgage recasting is a powerful financial tool that can help borrowers reduce their monthly mortgage payments. While not all mortgage loan servicers allow for recasting, the majority of conventional mortgages…

You probably are aware that the Federal Reserve has been aggressively raising interest rates. The recent interest rate increases which began in 2022 and are continuing across 2023 are a…

We are now accepting conventional conforming loans up to $750,000! Although they haven’t been officially released by the Federal Housing Finance Agency, we at Bluefire Mortgage Group are honoring these…

Congratulations, your mortgage loan has been funded and the escrow on your purchase has successfully closed. Once the celebration has ended, oftentimes borrowers find that they were so caught up…

Reverse mortgages have been growing in popularity in recent years at a substantial rate. With home equity reaching all-time highs and baby boomers now entering retirement, more individuals have been…