Blog

July 20, 2018

What is Fannie Mae’s HomeReady Program?

HomeReady Program The HomeReady mortgage program is able to save home buyers thousands of dollars on the initial costs of purchasing a new house. It allows for a low down payment, large seller concessions, and financing through other programs, all of which benefit the average […]
July 19, 2018

Opening Doors for Entrepreneurial Mortgage Borrowers

Mortgage 1 Inc. now offers entrepreneurs an option for getting a loan even though it can be difficult to document their income. Income verification can be the biggest challenge for self-employed borrowers. Our underwriters now have the ability to use 12 or 24 months of […]
June 29, 2018
Loan Terminology

Loan Terminology

Loan Terminology can be confusing. Here is a list of terms that are used in the mortgage industry that may not be used in everyday life. Amortization Amortization is the payment of a debt in equal installments of principal and interest. Appreciation Appreciation is the […]
June 15, 2018

A Mortgage on Your Terms

A Mortgage on Your Terms We know that borrowers sometimes need a loan that matches their life goals. That’s why we created a Mortgage on your terms. Mortgage 1 Inc. has a loan term available that fits into your financial goals like a glove. Borrowers […]