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…

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…