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BlogJim Papatheodore2021-08-12T12:01:15-04:00

Qualifying for a Mortgage – Debt to Income Ratios

Jim Papatheodore2023-04-28T17:22:28-04:00April 28, 2023|

Your debt-to-income ratio (DTI) is a measure of how much of your monthly income is going towards debt payments. Lenders ...

Living in Fenton, MI: Real Estate Market Trends and Popular Neighborhoods

Jim Papatheodore2023-04-22T09:06:54-04:00April 22, 2023|

Fenton, MI is a charming small town located in the heart of Genesee County. It's known for its beautiful lakes, ...

Buying Your First Home – Tips for First Time Home Buyers

Jim Papatheodore2023-04-13T07:52:16-04:00April 12, 2023|

Buying your first home can be an exciting yet intimidating experience. It’s a big investment and you want to make ...

Higher (and lower) Fees on The Horizon for Conventional Mortgage Loans

Jim Papatheodore2023-01-20T16:01:26-05:00January 20, 2023|

On 1/19/2023, the FHFA announced that higher (and lower) fees are on the way for conventional mortgage loans guaranteed by ...

Current Mortgage Rate Trends for October 2022

Jim Papatheodore2022-11-10T09:38:08-05:00October 21, 2022|

RATES AND POINTS IN OUR CURRENT MARKET Lenders typically adjust their rate sheet offerings every day. In fact, it’s extremely ...

Acceptable Sources for your Down Payment and Closing Costs

Jim Papatheodore2022-02-24T09:27:48-05:00February 24, 2022|

When applying for a mortgage loan, there are certain funds that are acceptable and not acceptable to use in a ...

Gross Income vs Net Income

Jim Papatheodore2021-09-29T08:53:36-04:00September 29, 2021|

The Difference Between Gross and Net Income for Mortgage Borrowers If you’re looking into applying for a mortgage, it is ...

30-Year Mortgage Rates at Near-Record Lows

Jim Papatheodore2021-08-11T11:47:35-04:00June 26, 2019|

Are you considering purchasing a home or refinancing? If so, now is the time to act. Comparatively speaking, mortgage rates ...

5 Reasons to Refinance Your Mortgage

Jim Papatheodore2021-08-18T13:57:00-04:00June 13, 2019|

There are many great reasons to refinance an existing mortgage. Mortgage interest has historically been treated differently than all other ...

Mortgage 1 Fenton Team

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