How much can I borrow for a mortgage based on my income? Your ability to obtain a loan for a new home purchase is based on several factors. Lenders typically make lending decisions based on three key ratios: Loan-to-value ratio [...]
Compliance Administrator, Christal Bailey, has been in the mortgage industry for seven years. What she loves most about the industry is that “It’s always changing, and there is always something new to learn. It’s a wonderful feeling knowing in some [...]
Whether you have just started the mortgage process or are making plans to buy a home, be cautious of some common mortgage scams. Avoid getting swindled, and minimize your risk during the mortgage process by educating yourself on the topics [...]
USDA home loans, provided by the United States Department of Agriculture, provide financing with a low-interest, no-down-payment mortgage for homes in eligible rural areas. USDA loans are for low to moderate income households in an eligible rural area of less [...]
Sr. Loan Officer, Brent Moreland started his journey in the mortgage industry almost seven years ago at Direct Mortgage Loans. When asked what he loves most about the industry he states, “Having the opportunity to help people get into their dream [...]
Starting your journey as a first time home buyer can be intimidating, especially if you’re new to the process or not sure where to start. Working with a mortgage expert will ensure you understand the process and feel confident every [...]
Quality Control Specialist, Amy Lyons started working in the mortgage industry in 2001 and has been with Direct Mortgage Loans for 10 years. Prior to her work in the industry, Amy was a store manager in the pet retail business for [...]
Seller concessions are a great way to reduce the amount of cash paid upfront when closing on a home. Whether you’re buying or selling your home, learn how seller concessions can benefit you! Seller concessions are closing costs the seller [...]
With the end of the 2022 calendar year quickly approaching, we thought it might be helpful to remind you of some things you can still do prior to the end of 2022. Below we have highlighted different ways you can [...]
Branch Managers Bo and Meagan Gray of The Gray Team of Direct Mortgage Loans joined our team a little over a year ago and have hit the ground running ever since. Combined, they have a total of 19 years of experience, [...]
