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On Par GSF Blog

When Do I Lock a Rate vs Float a Rate?

Mortgage rates will fluctuate up and down based on the market. Rates can change daily, so you don't know what your rate will be until you lock it. By locking a rate, your lender is guaranteeing you that rate for a specific amount of time, typically 30-45 days. Once you lock your rate, it doesn’t matter if the market fluctuates. If you locked at 4 percent and rates go up, you still get the 4 percent. The risk is on...

Take a Second Look at that Fixer Upper

Finding the right house with low inventory can be a struggle. However, you should not count out a home that may need a little TLC. 

Lower Costs without Sacrificing Quality

The National Association of Home Builder (NAHB) recently held a five-day event in Washington DC to showcase the new building technologies and updated features for manufactured homes. 

Time to Prepare

If you've been thinking about buying a house, this summer is the time to do it. According to Jonathan Corr, President and CEO of Ellie Mae, purchase and refinance activity is on the rise.  He also stated that "closing rates remain well over 75% and with the Mortgage Bankers Association reporting solid purchase volume and new inventory on the rise, we could be in for a very robust summer home buying season".

Whose Mortgage Are You Paying?

There are many people debating whether they should renew the lease on their apartment or sign a contract to purchase their first home. Everyone should realize that, unless you are living with your parents rent-free, you are paying a mortgage - either yours or your landlord’s.

Moving Through the Loan Process

Once you submit your loan application, you will experience several stages of the loan process before your loan can get approved.

What are LTV and DTI Ratios?

Which comes first?: Getting pre-approved and then searching for a home? Or, searching for a home and getting pre-approved once you found the home you love? If you said getting pre-approved and then searching for a home, you are correct!  

GSF Mortgage Corporation Expands Portfolio with MH Advantage® Loans

MILWAUKEE, WI (April 11, 2019) —GSF Mortgage Corporation is excited to offer MH Advantage® Loans, opening the door for more prospective homebuyers.  MH Advantage® is a special mortgage loan for manufactured homes that have features typical of site-built single-family homes. 

Refinance or Not to Refinance - That is the Question.

Refinancing your home is when you pay off your existing mortgage and replace it with a new mortgage loan.  The old rule of thumb on refinancing was you needed to save one percent on your current rate.  Every homeowner has different financial goals and needs, so saving one percent shouldn't always be the deciding factor in refinancing.

The Undeniable Advantages of Homeownership

Owning a home has long been presented as the ultimate financial and personal goal of Americans across the country. Whether it's to have their own place to call home or to build generational wealth, owning a home has provided purpose and value for several homeowners. That's because there are key advantages that homeownership brings. Here are a few benefits of owning a home: Equity Equity is a key benefit of...