On Par GSF Blog

Understanding Your Costs Through The Loan Estimate

After you have completed your mortgage loan application process, your loan officer will provide you with a variety of documents outlining the costs associated with your loan, such as the Loan Estimate form, which is required by law and there for your protection.

The Mortgage Loan Application - Part 2

There are 10 sections in the mortgage loan application and this week we cover the second half of the application. Your loan officer will assist you with many sections of this document, especially as they relate to the type of mortgage and terms of the mortgage loan. 

The Mortgage Loan Application - Part 1

Last week’s blog we discuss the key professionals in the homebuying process.  This week we take a closer look at the forms and paperwork necessary to purchase a home.  The mortgage loan application is one of the first steps towards your dream of homeownership.

Key People in Buying a Home

The process of obtaining a mortgage can seem quite complicated because of the number of people involved. Although it can appear overwhelming at times, it is important to recognize that each person you work with provides a specific service that will help you become a homeowner.

Understanding How Your FICO Score is Calculated.

Credit bureaus use a statistical formula to review your credit information and compare it to credit performance of consumers with similar profiles. A credit scoring system awards points based on specific factors. The total of your points determines your credit score and gives your lender a prediction of how you may repay your loan. 

What is a Credit Score?

Your credit score is a major factor that will be considered by a lender when they review your loan application. The lenders want to know what your credit history is and whether you have the ability to pay back the loan you are requesting.

Why Now is the Time to Take Advantage of Mortgage Rates.

Homebuyers Act Fast on Plunging Mortgage Rates.

2019 Best Mortgage Companies to Work For

MILWAUKEE, WI  (January 9, 2019) — GSF Mortgage Corporation has been named one of 2019’s Best Mortgage Companies to Work for. This program was created by National Mortgage News and Best Companies Group.

How to Dispute an Error on your Credit Report

According to data from the Federal Trade Commission, about 20 percent of credit reports have an error on them.  Since your credit score plays a large role in your ability to qualify for a mortgage loan, it’s important to review your credit report once a year. 

It's Never Too Late To Start Rebuilding Your Credit.

Many factors determine your home loan, such as income, debt, and savings.  However, your credit score is a big influence in determining your ability to qualify for a mortgage.  The better your score, the better your chances are of getting a favorable loan and potentially better interest rates.