Loan Options

June 22, 2017
getting down payment assistance

Are you getting down payment assistance from a relative?

Are you getting down payment assistance from a relative? There are many down payment gift rules that vary depending on the program that the consumers are applying for. The first step should always be to contact a Mortgage 1 lending professional.  We still wanted to […]
May 24, 2017
New Student Loan Mortgage Calculations

New Student Loan Mortgage Calculations

Great news for recent college grads Fannie Mae Announces Big Changes to how they will include student loan payments in mortgage calculations. Here are some interesting facts on student loans According to the New York Federal Reserve as of the end of last year. $1.31 […]
May 4, 2017
5 home buying tips for Millennials

5 Home buying tips for Millennials

5 home buying tips for Millennials The number of first-time home buyers has fallen significantly since 2008.  According to the Fannie Mae National Housing Survey published, July 2014, the number of millennials living with their parents has increased nearly 15% since the end of the […]
April 21, 2017
7 Steps to Homeownership

7 Steps to Homeownership

7 Steps to Homeownership Talk to a lender and gather all the required documentation.  Mortgage 1 makes this step easy with our new Digital Mortgage application process called SNAP.  The lender will analyze the financial strength of the borrower to determine the price range that […]