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Conventional Mortgage Guidelines & Conventional Loan Requirements

November 27, 2017 | Blog

What is a Conventional Loan? By definition, a conventional loan is any mortgage that’s not guaranteed or insured by the federal government. Conventional loans can be either “conforming” or “non-conforming”, although conventional loan requirements generally refer to the set of mortgage guidelines that ‘conform’ to the government sponsored enterprises (GSE’s) like Fannie Mae or Freddie Mac. Hence, when you hear someone […]

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How to Get a Pre Approval to Buy a Home

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What is a Mortgage Pre-Approval? When you are pre-approved for a mortgage, it means a lender has determined how much you can borrow, the loan programs that you may qualify for, as well as the interest rate you qualify for. This assessment is based on things like credit score, income, debts, and employment history. You’ll generally get […]

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Happy Thanksgiving From Our Family To Yours!

November 24, 2017 | Blog

American Mortgage Services held our annual Thanksgiving Potluck at our Office in downtown Tampa. We Gobbled till we Wobbled on all sorts of homemade food & sweets! Always great getting our team together. Cheers to a great 2017 so far and to closing out the year helping countless families obtain their new homes! We are […]

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Top 10 Best Kept Secrets of Buying a Home

November 17, 2017 | Blog

Get the most out of your money with these handy home-buying tips from HGTV‘s Buying & Selling. Buying Secret #10: Keep Your Money Where It Is It’s not wise to make any huge purchases or move your money around three to six months before buying a new home. You don’t want to take any big […]

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Is A Zero Down Payment Mortgage Right For You?

November 14, 2017 | Blog

What is a Zero Down Payment Mortgage? A zero down payment mortgage is exactly what it sounds like: a mortgage that requires no money down at closing. Buying a home and putting no money down to do it sounds appealing to many, but in reality it’s hard to get a zero down payment mortgage in […]

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The Power of VA Loans

November 10, 2017 | Blog

The Department of Veterans Affairs guaranteed more than 707,000 loans in fiscal year 2016, setting an all-time high. The VA Loan program is the most powerful home loan program on the market for many veterans, service members and military families. These flexible, government-backed loans come with significant benefits that open the doors of home-ownership to veterans who might otherwise struggle to […]

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Understanding the Pro’s & Con’s of Using a VA Loan on a Fixer- Upper

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My husband and I bought our first home about five years ago. It was old and hadn’t been taken care of in a long time. But, we got a great price…or so we thought. Our plan was to gut the inside of the house and fit it to our needs. Since we spent so little acquiring […]

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5 of the Most Common VA Loan Myths Debunked

November 9, 2017 | Blog

It’s the “information age,” not the “good information age.” Accurate information on any topic can be hard to find, and the VA loan process is no exception. From inaccuracies posted on message boards to bad blogs, there is an abundance of VA loan myths out there. Let’s tackle the five most common VA home loan myths and reaffirm the […]

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Vast Majority of Vacant Residential Properties in U.S. are Investment Homes, 3 out of 4

November 2, 2017 | Blog

According to ATTOM Data Solutions 2017 U.S. Residential Vacant Property and Zombie Foreclosure Report, nearly 1.4 million (1,367,793) U.S. residential properties (1 to 4 units) were vacant as of the end of the third quarter of 2017 — representing 1.58 percent of all U.S. residential properties. The 1.58 percent vacant property rate nationwide decreased slightly from […]

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Millennials & Money | How to Buy Your First Home

October 24, 2017 | Blog

  The real estate market is soaring. But Millennials shouldn’t feel pressure to get in on the action, according to financial experts. They’re the largest group of homebuyers in the market today. Buying a home is one of the most — if not the most — significant purchases of your adult life. So, you’ll want to make sure […]

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