1 STOP MORTGAGE BLOG!

The Team at 1 STOP Mortgage gets excited about saving you money!

 Refinance Boom Brought on by Brexit !!    If you have been slow in deciding when to get a lower interest rate, now is the time!  The Brexit exit by the UK has toppled economic factors to bring us the lowest interest rates in years!  Give us a call at 901-388-1588 and we'll give you a free analysis of just how much you can save!  The team at 1 STOP Mortgage gets excited about saving you money!    Jacob Passy reports today in Zillow that Refinance requests have skyrocketed due to falling mortgage rates after voters in the United Kingdom vote...

July 8th, 2016 | Rates! Rates! Rates!, The Team at 1 STOP Mortgage gets excited about saving you money!

Mortgages For People Who Are In-Between Jobs

Offer Letter Loans: Get A Mortgage While You’re In-Between Jobs   In The Mortgage Reports, Dan Green offers the following information: In-Between jobs and want to move? Now, you can.Via a special program known as the Offer Letter mortgage, U.S. lenders are now making loans based on the "future income" of your next job, and will even approve a loan based on a pay raise you have coming at work.This means that relocating employees can move their households with only a promise of employment; and recent university graduates can use their future job as a basis for a loan.I...

June 28th, 2016 | 1 STOP Mortgage Loan of the Week!, Mortgages For People Who Are In-Between Jobs

You CAN own a Home while you still have Student Debt!

How to Buy a Home When You’re Saddled With Student Loan Debt  By Warren Christopher Freiberg - Realtor.com - May 12, 2016Education is supposed to be your stepping stone to a financially secure future, right? But recent years have seen a perfect storm of ever-rising tuition rates and weak employment, leaving many recent grads saddled with thousands of dollars in student debt and with no job in sight. Bummer.This helps explain why so many young people are feeling The Bern. As in Bernie Sanders. The rumpled, 74-year-old senator from Vermont is snagging a big chunk of the youth vote ...

June 22nd, 2016 | Student Loan Debt & Homeownership, You CAN own a Home while you still have Student Debt!

Breaking News! The Fed Votes to Keep Rates Low Today

 BREAKING NEWS! Fed says No Rate Hike TodayNational Mortgage Professional Wednesday, June 15, 2016 - 14:19 by Phil Hall The Federal Reserve cited “diminished” job gains as a primary factor in its decision not to raise interest rates at this time.In a unanimous vote, the central bank’s Federal Open Market Committee (FOMC) backpedaled from earlier hints that it would use its June meeting to launch a new round of rate hikes. While acknowledging that the U.S. economy was mostly strong, the Fed was uneasy about lingering problems with the economic picture.Earlier this ...

June 15th, 2016 | A BREAKING News Story!, Breaking News! The Fed Votes to Keep Rates Low Today

Mortgage Rates Are Still Super Low!

 Mortgage Rates Are Still Super Low!Mortgage News Daily - June 13, 2016Mortgage rates haven't moved too much recently, and no one is complaining.  While each of the past 5 days has only seen a modest drop in rates, they were already operating near 3-year lows.  They officially hit new 3-year lows late last week, meaning today's modest improvement only takes us deeper into that territory.   It gets better.  Three-year lows also happen to be pretty close to all-time lows.  In terms of the average conventional 30yr fixed rate on a top tier scenario, we'...

June 13th, 2016 | Interest Rates, Mortgage Rates Are Still Super Low!

1 STOP Mortgage's HomeReady™ is Loan of the Week!!

Make your Piggy Bank Happy with a HomeReady™ Mortgage! UPDATE!!  This conventional option for borrowers looking to purchase with a low down payment or refinance with limited equity has special features, allowing all household member's income to contribute to the mortgage!HomeReady™ loan information is accurate & current as of today, June 6, 2016.  This post has been updated since its first publish date to reflect updates and clarification in the HomeReady™ program.HomeReady™ allows a downpayment of just 3% on a home and permits the "income po...

June 6th, 2016 | 1 STOP Mortgage Loan of the Week!, 1 STOP Mortgage's HomeReady™ is Loan of the Week!!

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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