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George Burkley III

NMLS ID 133986

574-534-9666 george.burkley@amfsonline.com


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

Mortgage Rates Top 4 Percent for First Time in 2016

Mortgage Rates Top 4 Percent for First Time in 2016 Long-term mortgage interest rates rose last week to their highest level for the entire year, according to data from mortgage giant Freddie Mac, a continued sign of that the market expects a Trump presidency to bring stronger economic gains.The average rate on a 30-year fixed rate mortgage jumped to 4.03 percent with an average 0.5 point for the week ended November 23, 2016, up from 3.94 percent the week before and up from a year ago when it averaged 3.95 percent. The 30-year fixed rate began its dramatic rise in the week after the U.S. presi...

November 29th, 2016 Mortgage Rates Top 4 Percent for First Time in 2016

5 ways to improve your Credit Score

  5 Ways to Improve Your Credit Score in 2015 Spring is a time for resolutions, new beginnings and (hopefully) a higher credit score. It may be the last thing you are thinking about the holiday seasons and long winter, but your credit score can affect your mortgage, your job potential and, ultimately, your life. So, now is the time to start thinking about, monitoring and improving it. Make 2015 the year you improve your credit score with these five tips. 1. Check Your Current Reports & Scores Before you try to improve your credit profile, find out&n...

May 7th, 2015 5 ways to improve your Credit Score

The 10-Step Plan to Improve Your Credit Score

The 10-Step Plan to Improve Your Credit Score By David Bach Your credit score is like your financial GPA. In good times, it determines how much interest you will pay on any kind of loan, from credit cards to your mortgage. Today, because of the credit crisis and the recession, having a high score is more crucial than it has ever been. Financial expert David Bach has developed a 10-step action plan to get your score up quickly—and keep it there. So let's get started. The simple truth is that raising your score isn't that hard if you know what to do. It just takes time. As...

May 7th, 2015 The 10-Step Plan to Improve Your Credit Score

Welcome to our New Blog

Check back over the next few weeks to see what is happening in the mortgage industry and how we can help you lower your monthly mortgage payments.  

February 26th, 2015 Welcome to our New Blog

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