On Par GSF Blog

Manufactured or Modular - What's the Difference?

Manufactured and modular homes are growing in popularity and have dramatically changed in appearance and quality over the years. 

Determining Interest Rates

Mortgage rates have a significant role in how much home you can afford.  If you feel like you missed getting a low mortgage rate, keep in mind current rates are still lower than they were 10 years ago and historically, they are still very good.

Who needs 20% down? Not you!

Home buyers may overestimate the down payment funds needed to qualify for a home loan.  Also, the misconception exists that 20 percent is needed for a down payment, or you can’t qualify for a mortgage.  

What's Included in your Monthly Mortgage Payment?

When buying a home, it’s important to know what your monthly mortgage payment will be, but also what goes into that payment.  By understanding what goes into that payment, you can better understand what you can afford and what your new home will really cost.

Turn Equity Into Cash

A cash-out refinance allows the homeowner to pull out equity from their property in the form of cash. With a cash-out refinance, the homeowner can lower their interest rate or change the loan term length if current interest rates allow. 

How Does a Single Close Construction Loan Work?

A Construction-to-Permanent Single Closed loan can provide financing for both the construction loan and the permanent loan.  The benefits of a single close option is there is only one closing and no re-qualifying for the permanent loan, saving customers time and money.  Additionally, depending on the permanent loan product selected, the customer may also benefit by not having to make any payments during the...

Top 10 Things to Avoid When Buying a Home

As you start the process for buying your home, it’s important to avoid actions that could change your credit. Your credit score is one of the most important things in securing financing and determining your interest rate.  The following list of items could impact your credit if they change unexpectedly during the mortgage process.

The Journey to Homeownership

Buying a home is an exciting adventure and likely one of the biggest purchases you’ll ever make.  With multiple steps along the way, it may feel overwhelming.  Here are few highlights of the process to help give you a better idea of what to expect.

What's More Important Than Rates?

Let’s be realistic, who can offer you the lowest rates is what you look for in a mortgage lender.  But in such a competitive market, is there more?   How do you decide when rates are similar?

New Construction Loan Too Expensive - Think Again!

With inventory still low in many markets, finding your dream home may be a problem. Maybe it’s time to think about building your dream home.