Social Security and Financial Perspective

It is Interesting What is Called Income For years, 1 STOP Mortgage has served Seniors in Memphis, Jackson, Atoka, and other areas in our great State of Tennessee.In doing so, we have had the opportunity to review their financial situation as related to the documents required in their mortgage transation, as related to either their purchase or refinance loan with us. At times we have realized the challenges which they have and have been pleased to help them in a myriad of ways, such as refinancing for home improvement needs, securing for them a lower downpayment on their "downsizing"...

May 9th, 2016 | Retirees, Social Security and Financial Perspective

1 STOP Mortgage's HomeReady loan program is here!

1 STOP Mortgage is excited to announce that we are pleased to offer one of the best Home Purchase loan products in Memphis and throughout Tennessee to arrive on the mortgage scene for years...the HomeReadyTM Mortgage.  Due to the many benefits of this loan program, look for our ongoing posts letting you know all that a HomeReadyTM Mortgage can do for you!  About The HomeReady™ MortgageThis HomeReady™ loan information is accurate and current as of today, May 5, 2016. This post has been updated since its original publish date to reflect updates and clarificati...

May 5th, 2016 | 1 STOP Mortgage Loan of the Week!, 1 STOP Mortgage's HomeReady loan program is here!

Parental financial assistance enables downpayment management

Does The Bank of Mom and Dad Help Homeownership?  Apr 29 2016, 9:50AM by: Jann Swanson Does a financial boost from mom and dad make it more likely a young person will buy a home?  It depends.  And that might change.Homeownership rates across all demographic groups have fallen since the beginning of the Great Recession but the rate among 25 to 34 year olds has been especially hard hit, dropping 10 points from the nation's peak in 2006 to 37 percent in 2014.  Fannie Mae's National Housing Survey has found the upfront expenses of buying a home to be the large...

May 2nd, 2016 | First-Time Homebuyers!, Parental financial assistance enables downpayment management

Home Purchases by Married Couples with Children

Married Couples with Children  The National Association of Realtors (NAR) 2015 Homebuyer Demographics has released their overview of homeowners with children.Here's the breakdown:Average age of parents - 36Average Gross Income of Household - $100,00027 percent are first-time homebuyersReason for home purchase  - Better area, closer to schools, job relocation, larger home & desire to own a homeTypes of homes purchased - 92 percent single family residences, 3 percent townhomes, one percent condominiums  & 4 percent other home types 

April 29th, 2016 | Home Purchase, Home Purchases by Married Couples with Children

Freddie Mac reports homebuyers are taking advantgage of low rates

MARKETS     Rates continued to be stable in the past week, hovering near their lowest levels in almost three years. Freddie Mac announced that, for the week ending April 21, 30-year fixed rates rose one tick to 3.59% from 3.58% the week before.The average for 15-year loans was slightly lower at 2.85%. The average for five-year adjustables decreased to 2.81%. A year ago, 30-year fixed rates were at 3.65%, close to today's levels.Attributed to Sean Becketti, chief economist, Freddie Mac -- "Volatility in financial markets subsided over the past week, allowing Treasury ...

April 27th, 2016 | Rates! Rates! Rates!, Freddie Mac reports homebuyers are taking advantgage of low rates

11 Reasons Why a Smaller Home Brings Contentment

  11 REASONS WHY A SMALLER HOME MAKES YOU HAPPIER 1. Less time spent cleaning2. Less expensive - Smaller homes are less expensive to purchase and less expensive to keep (insurance, taxes, utilities)3. Easier to maintain - A small home requires less of your time, energy and effort to maintain than a larger home4. Less debt and less risk - On-line calculators will help you determine how much house you can afford. These formulas are based on net income, savings, current debt, and monthly mortgage payments5. Mentally Freeing - As is the case with all of our possessions, the more we own, the ...

April 22nd, 2016 | A Smaller Home?, 11 Reasons Why a Smaller Home Brings Contentment


Serving the Great Mid-South Region
Offices: 901-388-1588 or 901-476-9100 |
Fax: 901-388-6202 | Email: info@1stophomeloans.com
1 STOP MORTGAGE | NMLS#215671 | TN Lic#108931 | 5909 Shelby Oaks Dr, Suite 129, Memphis, Tennessee 38134