When it comes to obtaining a loan for your home mortgage, good credit ranks up there with air and water – it’s not a want, it's a necessity! Did you know that one in five individuals have an error on their credit report that they are unaware of? Medical collections, duplicate credit cards and more [...]
Boy is there a world of difference, so don’t be under the assumption that if you are pre-qualified you are pre-approved for your home loan. There is a world of difference and we are here to break it down for you. To be pre-qualified means you have taken the first steps in the mortgage process. [...]
When it comes to obtaining a mortgage there are a number of factors that can contribute to your chances for loan approval. At Mortgage Gumbo, we are committed to providing our clients with accurate information that will allow them to qualify and obtain the very best mortgage loan for them. So let’s break a few myths down – are they Fact or Fiction?
Property taxes are being assessed next year, so don’t wait – be proactive and protect yourself from a potential increase that could cost you. New Orleans recently got hit and many property owners were taken by surprise. Don’t let this happen to you. At Mortgage Gumbo, we will continue to help get you prepared for a [...]
They say time flies when you’re having fun... and boy, have we been cooking up some fun here at Mortgage Gumbo. This September, we are so very proud to celebrate 5 amazingly awesome years of bringing our listeners and followers the premier mortgage program. We have assisted thousands of listeners with all their mortgage needs [...]
Have you ever thought about building your Dream Home? Well, the time has never been better. The days of needing 20% down are over and you are able to take advantage of a one-time close. A one-time close means you can combine the construction loan and permanent loan into one loan. All of the credit [...]
Property taxes are being assessed next year, so don’t wait – be proactive and protect yourself from a potential increase that could cost you. New Orleans recently got hit and many property owners were taken by surprise. Don’t let this happen to you. At Mortgage Gumbo, we are ready to help now and get you [...]
First, exactly what is a Reverse Mortgage? A Reverse Mortgage is a loan against your home’s equity and requires no monthly mortgage payments. Reverse Mortgages are available to homeowners 62 and are older and designed to meet the needs of fixed incomes. With a Reverse Mortgage, you gain access to a portion of the equity [...]
Not If You Don’t Ask… Here Are Some Tips Closing Costs are fees charged by lenders when you purchase your home. These costs typically run between 2% and 5% of the value of your home. Fees can include appraisal fees, title searches, title insurance, taxes, origination fees and more. So how can you offset some [...]
Many New Orleans homeowners recently saw their property tax bills increase, sometimes by triple amounts. While this came as a surprise to many in New Orleans, it stood as a wake-up call to the rest of the state. Orleans parish is assessed the year prior to the rest of the parishes. What this means is [...]
