Buford Financial Services

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Welcome to our site!

Thank you for stopping by our mortgage web site. Even though we have taken special care and consideration to pack this online resource with a wealth of knowledge about the mortgage and real estate process, we want you to feel comfortable calling us at any time to discuss your unique needs and expectations. Our company is committed to higher education, which means we are dedicated to helping our clients and referral partners make the most informed decisions.

8 Questions Your Lender Should Answer About Mortgage Rates

Simply checking online for today’s posted rate may not lead to your expected outcome due to the many factors that can cause each individual rate and closing cost scenario to fluctuate. We can preach communication, service and education all day long, but it’s our ultimate goal to earn your trust so that you can be confident in our ability to successfully lead you through this complex mortgage process. Since mortgage rates can change several times a day, the following questions will help determine whether or not your lender truly knows what to look for so that... [Read More]

How Much Can I Afford?

How much mortgage money can I qualify to borrow? This is typically the number one question mortgage professionals are asked by new clients. Of critical importance when considering mortgage financing: There is sometimes a difference between what a client ***can*** borrow and what they ***should*** borrow. In other words, what makes for a comfortable long-term mortgage payment? The Quick Answer: If we’re simply considering the financial math, lenders will calculate your Debt-to-Income Ratio and generally allow for 28-31% of your gross income to be used for the... [Read More]

Four Possible Reasons To Refinance

A mortgage is generally the largest debt most homeowners have to manage.It’s a good idea to give your personal real estate finance portfolio a check-up at least once a year. Since there aremany reasons a homeowner may choose to refinance, we’ll take a look at the four most common. 1. Mortgage Rates Drop: Typically, the most common reason that homeowners refinance their mortgage is to secure a lower interest rate.Interest rate and loan amountdetermines thetotalcostthata borrowerwill pay. The lower the interest rate, the lessthe overallcost... [Read More]

Seven Things Your Agent Should Know About Your Mortgage Approval
While many experienced real estate agents have a general understanding of the mortgage approval process, there are a few important details that frequently get overlooked which may cause a purchase...

Ten Credit Do’s and Don’ts To Bear In Mind Prior To Getting Your Mortgage Loan
How can a fully approved loan get denied for funding after the borrower has signed loan docs? Simple, the underwriter pulls an updated credit report to verify that there hasn’t been any...

Do I Need To Sell My Home Before I Can Qualify For A New Mortgage On Another Property?
Although every situation is unique, it is not uncommon for homebuyers to qualify for a mortgage on a new home while still living in their primary residence. Perhaps you are outgrowing your current...

Four Possible Reasons To Refinance
A mortgage is generally the largest debt most homeowners have to manage.It’s a good idea to give your personal real estate finance portfolio a check-up at least once a year. Since there...

How Much Can I Afford?
How much mortgage money can I qualify to borrow? This is typically the number one question mortgage professionals are asked by new clients. Of critical importance when considering mortgage financing:...

8 Questions Your Lender Should Answer About Mortgage Rates
Simply checking online for today’s posted rate may not lead to your expected outcome due to the many factors that can cause each individual rate and closing cost scenario to fluctuate. We...