If paying off your mortgage earlier and saving money sounds good to you, you may want to consider bi-weekly mortgage payments. This week we are going to talk about the benefits of bi-weekly payments, why they are good and how they work. Simply put, bi-weekly mortgage payments are your monthly mortgage payments, but they are [...]
Business as usual. While we are all feeling the pain of the current events, we want everyone to know that we are here at Mortgage Gumbo and will continue to keep you updated. We are committed to providing you outstanding service along with education and options that you have trusted for over 5 years. Some [...]
We hope everyone is staying safe and healthy during these trying times. While you are surely tired of reading about COVID-19 and looking for a way to entertain yourself, why not educate yourself on the Home Buying Process!? This week, in our Home Buying Series, we discuss establishing an application and how credit may impact [...]
This week we were lucky enough to have Keith Stracensky, the Vice President of Construction Lending at Cross Country Mortgage, on the show to give us some more insight into the Cross Country Mortgage One-Time Close Construction Program. There have been recent updates that make our program even better than the competition’s, and Keith shared [...]
What’s up, Gumbonation? As we move into a new month and onward from our February credit tips, we’ll begin discussing our Home Buying Process Series. The application process can be extremely intimidating and confusing. Mortgage Gumbo is here to help alleviate some of that confusion with some simple tips, over the course of the next [...]
It is the last week of “Get Your Credit in Check Month”! Let’s finish off strong with an all-inclusive Credit Recap. We will ROUX-view the credit score pie, the best credit tips, and the most important tidbits. Credit Score Pie Breakdown: 35% - Payment History 30% - Credit Utilization 15% - Credit History 10% - [...]
It’s week three of “Get Your Credit in Check Month” so in that spirit we have decided to offer you some credit tidbits to keep you in the know. It is important to monitor your score with a monitoring service. For example: Credit Karma. Your credit score is an important part of your financial well-being. [...]
As you all already know, February is “Get Your Credit in Check Month”, so to continue in that spirit, we are breaking down the credit score pie again. This time however, the breakdown will give you all the tips and tricks you need to improve your credit score. Let’s Begin! Payment History: Unless you can [...]
February is “Get Your Credit in Check Month”, Gumbonation. That’s why this month we will focus on how a credit score comes about, credit fundamentals, and so much more. Here’s how the numbers break down when it comes to your actual credit score. The first 35% of your score is based on your payment history. [...]
Before we begin the education and options portion of this week’s newsletter, we must first introduce a new member of Gumbonation, Sammy the Intern. Sammy will be around to do some shows with me periodically, so a warm welcome to Sammy the Intern! Now onto the education and options: Close Your Loan in 21 Days! [...]
