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 [...]
Are you looking to grow your business? Tired of your current advertising plan? Return on investment not what it should be? Maybe you need a little gumbo... Mortgage Gumbo that is! We are proud to announce our new sponsorship opportunities are now available and Mortgage Gumbo listener stats are off the charts! #1 YOY audience growth [...]
Decisions – Decisions 15-yr vs. 30-yr Mortgage As with anything, you are going to find both pros and cons when it comes to a 15-yr mortgage versus a 30-yr mortgage. So, which one is right for you? A 15-yr mortgage can mean a larger monthly payment but you will pay off your debt quicker. This [...]
Millennials continue to show a strong preference for Conventional Loans But are alternate options a better choice? A Conventional Loan is a mortgage that is not backed by a government agency such as the Federal Housing Administration or the VA. Most conventional loans are issued by private lenders then sold to Government Sponsored Entities. Conventional [...]
On this week’s show, I sat down with Kyle Berthelot, Attorney at Law and closing attorney at Team Title in Covington. Team Title has been one of our trusted VIP Sponsors for years. I can’t stress enough how important choosing the right title company can be
At the end of the month, the Federal Reserve is set to meet. The discussion will include whether or not they will raise interest rates. The question then becomes, how will that affect my monthly mortgage. Well if you have a fixed-rate mortgage, you will not be affected at all. But, if you have an [...]
