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Should I Rent or Buy?

While homeownership has long been the American dream, buying a home is not necessarily the best choice for every person or every situation. There are many factors to consider in determining if a home purchase is the right decision for you right now. Can you Afford It? If the cost to own a home – mortgage, homeowners insurance and property taxes included – if less than roughly 28% of your gross income and you have few other debt obligations, you can probably afford to buy. Do not underestimate the additional costs of maintenance though. Replacing appliances or paying for a plu...

June 14th, 2018 | Purchasing a Home, Should I Rent or Buy?

4 Reasons You Don’t Want to Pay PMI

Years ago, a 20% down payment was a requirement for obtaining a mortgage loan. Putting that much money down made it less likely that borrowers would simply default on their home loans and gave lenders a measure of security and collateral in the case of foreclosure. However, in more recent years, lenders have gotten much more creative in financing to help more Americans become homeowners. There are now mortgage loans that require as little as 3% down up front. In order to compensate for that added risk of loss, lenders require and borrowers with a down payment of less than 20% to pay for pri...

June 7th, 2018 | First-time Homebuyers, 4 Reasons You Don’t Want to Pay PMI

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!

Percentage of Millennial Home Buyers Planning to Buy in 2014

Are you a Millennial Home Buyer that's planning on purchasing a home in 2014? According to a recent Plute Group survey of Millennial Home Buyers over 85% plan to purchase a home in the near future. With over 49% planning on purchasing a home within the next 2 years! Check out the info graphic below with some other statistics. If you would like more info on programs available to first time home buyers give us a call today. 

April 17th, 2014 | 1st time home buyer, 1st time home buyer home loan, 1st time home buyer home mortgage, 1st time home buyer program, 1st time home buyer loan, millennial home buyers, first time home buyers, first time home buyer, Percentage of Millennial Home Buyers Planning to Buy in 2014

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

First Time Home Buyers Downpayment Sources

According to a recent NAR (National Association of Realtors) Home Buyers & Home Sellers profile survey for 2013, here are the most common sources First Time Home Buyers used for the down payment on there new home purchases. Looks like savings is still the largest component. What's odd is that 7% of borrowers actually said they received a loan from a friend or family member for the down payment. The bad part of that is that lenders do not allow loans for the down payment... Some borrowers are also taking advantage of zero down programs like the USDA home loan & govern...

March 9th, 2014 | Infographic , 1st time home buyer, 1st time home buyer program, 1st time home buyer home mortgage, 1st time home buyer loan, first time home buyer, first time home buyer program, 1st time home buyer home loan, First Time Home Buyers Downpayment Sources

ZFG Mortgage

6670 S. Lewis Ave # 200
Tulsa, Oklahoma 74136

Phone: 918-459-6530

Fax: 918-459-6535

NMLS: 193207