Blog

30-year Mortgages vs. 15-Year Mortgages

The majority of American home buyers sign up for 30-year fixed-rate mortgages (FRMs) – the staples of mortgage lending. And yet there is another option that may serve many borrowers better: the 15-year fixed-rate mortgage. Both loans include an interest rate that does not change over the course of the loan but one is paid off twice as fast as the other. Both can be financially savvy in certain situations. Payments If you are looking for the lowest monthly payment, a 30-year FRM beats the 15-year. That is because the loan principal balance is paid off twice as slowly than the 15-yea...

November 7th, 2018 | Conventional Loans, Mortgages, Mortgage, 30-year Mortgages vs. 15-Year Mortgages

Should I Roll My Student Loans into My Mortgage?

Americans owe more today in student loans than ever before and student debt is continuing to rise. As these borrowers start into their careers and become homeowners, they may have the opportunity to consolidate their student loan debts with their home loan. If this sounds intriguing to you, here’s what you need to know before talking to your lender: How Does Consolidation Work? If you have enough equity in your home, you can refinance to pull cash out and pay off all your student loans. This means that both debts will now all be paid off together through your monthly mortgage bill....

September 26th, 2018 | Mortgage, Debt Consolidation , Should I Roll My Student Loans into My Mortgage?

Should I Make a Biweekly Mortgage Payment?

Many homeowners are eager to pay off or pay down their mortgages in order to save themselves money in interest charges. Many lenders have even anticipated this situation by offering buyers a bi-weekly payment program. What is a Bi-Weekly Mortgage Payment? Most mortgages are paid once a month, making 12 payments every year. With a bi-weekly payment schedule, the monthly mortgage amount is split into two and paid every two weeks instead. Since there are 52 weeks in a year, this results in 26 half- payments annually, totaling 13 whole payments. This means borrowers basically pay one extra m...

September 19th, 2018 | First-time Homebuyers, Purchasing a Home, Mortgage, Should I Make a Biweekly Mortgage Payment?

Why you should purchase a home this year!

If you have been delaying purchasing your new home, Now might be the time to act. According to several different industry mortgage rate surveys, rates will be even higher by the time 2015 rolls around. This is not the only issue in delaying your potential purchase, home prices are also steadily increasing in most markets. Below you can see & illustration of what this could mean. You will also find the most recent industry rate surveys with the projected rates for the 2nd quarter of 2015.     If you would like to take advantage of the current mortgage rates, Apply o...

April 23rd, 2014 | mortgage rates 2015, mortgage rates 2014, mortgage rate, mortgage rate tulsa, mortgage rates, mortgage Oklahoma, mortgage approval process, Oklahoma mortgage rates , zero down mortgage, mortgage rates tulsa, mortgage Tulsa, first time home buyers, first time home buyer program, first time home buyer, Infographic , home loan, mortgage, buying a home, purchaing a home, Why you should purchase a home this year!

How do 1st time homebuyers get the downpayment

According to the National Association of Realtors 2013  survey of First Time Home Buyers, the most common ways that homebuyers came up with the downpayment needed to buy a home was cutting down luxury spending. Cutting down entertainment spending was close 2nd. Below is infographic breaking down the rest of the items the buyers surveyed cut down on to make there homeownership dreams come true. Even if you are thinking about getting a zero down first time home buyers loan, it is probably very wise to start saving up some reserves to cover any moving costs or closing costs that yo...

March 11th, 2014 | 1st time home buyer, 1st time home buyer home loan, 1st time home buyer home mortgage, 1st time home buyer loan, 1st time home buyer program, first time home buyer mortgage, first time home buyer, zero down mortgage, Infographic , mortgage, home loan, How do 1st time homebuyers get the downpayment

Should First Time Home Buyers Get a Zero Down Loan

There are all sorts of home loan programs out there, including zero down, no down payment, or 100% financing mortgages. Buying a home without having to come up with a down payment (usually worth tens of thousands of dollars) sounds like a pretty nice deal. The question is: Is it really a safe mortgage loan? Will it put you at greater financial risk than a traditional loan plus down payment would?  As with most things in life the answer is: it depends. This type of loan program may or may not be a safe venture based on your personal financial circumstances and your motives for wanti...

February 25th, 2014 | 1st time home buyer, 1st time home buyer loan, 1st time home buyer home loan, 1st time home buyer program, 1st time home buyer home mortgage, first time home buyer, first time home buyer mortgage, first time home buyer program, home loan, mortgage, no money down, no money down mortgage, zero down mortgage, Should First Time Home Buyers Get a Zero Down Loan

Pages: 1 2 Next >

ZFG Mortgage

6670 S. Lewis Ave # 200
Tulsa, Oklahoma 74136

Phone: 918-459-6530

Fax: 918-459-6535

NMLS: 193207