Blog

July 20, 2017

Hassle Free Mortgage Process, Mortgage in a SNAP!

Have you been wondering how much house you can afford? Well, now you can find out based on your specific situation instantly with Mortgage 1’s “Mortgage in a SNAP.” It is a mortgage application without the hassle. You just plug in your information and one […]
July 14, 2017
DTI

What is the Debt-to-income ratio?

Most people never think about their debt to income ratio but it is a major factor in qualifying for a mortgage.  It is calculated with a simple math equation; Debt = the total of monthly debt payments (usually excluding utilities and property taxes) Income = […]
June 26, 2017
4Did your credit score improve July 1st?

Did your credit score improve July 1st? Here is why.

Did your credit score improve July 1st? Here is why. Starting July 1 another portion of the National Consumer Assistance Plan will go into effect and it should have a big impact on credit scores. The Repositories; Equifax, Experian, and TransUnion will exclude public tax […]
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 […]