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 [...]
There is a unique homebuying opportunity for law enforcement, teachers, and emergency technicians through the Good Neighbor Next Door program. This program, offered by the United States Department of Housing and Urban Development (HUD), provides an incentive to buy qualified [...]
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, [...]
How to Save on Your Mortgage With an 80/15/5 Loan What is a piggyback loan? How does a piggyback loan work? 80/15/5 Piggyback Loan Breakdown 80/10/10 Piggyback Loan Breakdown 75/15/10 Piggyback Loan Breakdown Pros & Cons of a Piggyback Loan [...]
A mortgage calculator is an interactive tool that allows you to calculate different aspects of your mortgage payment. The calculator will ask for user inputs in order to generate outputs such as the amount of your monthly mortgage payment, the [...]
In 2001, Chris Corno was just beginning his career in the mortgage industry. At the time, he was a Loan Originator for a small local lender. As his career progressed, Chris was promoted to Branch Manager, before deciding to further [...]
What if your back-to-school shopping list includes a home this year? There are many benefits to buying a home in the fall season, especially currently. In this article, we are going to share the benefits of fall home buying. Covering [...]
When looking to buy and finance a home, the down payment has a major impact on your potential interest rates and monthly mortgage payment. While many programs allow you to buy a home with a smaller down payment, it is [...]
Many economists and politicians have announced that we are officially in a recession. The status and future of the economy affects you whether you are looking at a credit card, student loan, or mortgage. Here is the latest breaking news [...]
We know mortgages can get a little confusing sometimes! Here are some of the most frequently asked mortgage questions and our answers. How do I know what price range is right for me? At Direct Mortgage Loans we can help [...]
