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Amerifirst blog

 Explore our blog for insights on buying, financing, remodeling, and taking care of your home.

Mortgage Interest Rates Up - Is It Still a Good Time to Buy?

You're seen the headlines and heard the chatter around the water cooler - mortgage interest rates have gone up and continue to rise. Is this the end of whatever housing market recovery we were starting to see? Will this be a return to renting for people who were thinking of buying a home? Or is it just a small adjustment in the overall scheme of things? 

Home Buyer Down Payment: The Headlines Say 20 Percent

A lot of media and news outlets are reporting interesting news about the current housing market. One article from the Associated Press says home buyers should really save up for a 20% down payment. The same article puts mortgage pre-approval down on the list of "first steps." The problem is that the article is a bit misleading. Sure, 20% down will work. However, home buyers have some great low down payment options available in today's housing market.

What is the FHA 203k? The 203k Explained in Under 2 Minutes

Buying a fixer upper or figuring out a way to pay for home improvements on your own home...each situation can involve a solution that sounds more like a retirement plan than a mortgage loan. It's called the FHA 203k and it can help solve the question of how to finance home improvements, renovations or repairs.

Does an FHA 203k Mortgage Affect My Taxes at the End of the Year?

A Mortgage Minute TV viewer asked a great question in the comments to one of our FHA 203k videos. I went straight to the expert, AmeriFirst's Renovation Program Manager Joe Daly to get the answer. As always, he was quick to get me an easy to understand, informative answer. So I decided to include the information in an article so everyone could have the information available.

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