Michael S Gustafson

NMLS # 621037

469-964-7405

mike@vipmtg.com

Michael S Gustafson Residential Mortgage Loan Originator

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How to Use a Mortgage Calculator

How to Use a Mortgage Calculator

As you begin the process of becoming a homeowner, one of the first things you need to know is how much your monthly payments will be and how much home you can afford. Fortunately, you can get a fairly accurate picture of both numbers with the help of an o

Apr 28, 2022 | Purchasing a Home

What if Rates Rise while my House is Under Contract?

What if Rates Rise while my House is Under Contract?

With long-term mortgage interest rates starting to rise after years of staying near historic lows, there is a good chance rates could continue to climb during your home buying process. When you get pre-approved for a mortgage, you are often quoted a certa

Apr 26, 2022 | Purchasing a Home

Your AirBnB Income Can Help You Refinance Your Mortgage

Your AirBnB Income Can Help You Refinance Your Mortgage

Did you know that your AirBnB rental income can help you qualify for a refinance loan? In the past using any rental revenue from your “primary residence” was not acceptable on mortgage applications. However, starting in 2018 mortgage government-sponsored

Apr 19, 2022 | Refinancing a Home

How to Make Your VA Loan Competitive in a Hot Market

How to Make Your VA Loan Competitive in a Hot Market

In the red hot housing market of the past few years, sellers usually have multiple offers, often getting more than their listing price. If you are using a VA loan to back your purchase you may worry that sellers might choose conventional-loan-backed offer

Apr 12, 2022 | VA Loans

What’s the Difference Between the Sales Price and Appraised Value of a Home?

What’s the Difference Between the Sales Price and Appraised Value of a Home?

During the home buying process, you will encounter many unfamiliar terms, some of which may seem like the same thing. One such pair might be “sales price” and “appraised value.” They both refer to how much the house is worth, right? Actually, there is a d

Apr 06, 2022 | Purchasing a Home

Can You Afford a Second Home?

Can You Afford a Second Home?

If you are looking to buy a vacation home in one of your favorite spots, one of the most important questions to ask yourself is “Can I afford to buy a second home?” The answer will depend on a variety of factors.While some buyers have the cash to buy a se

Mar 29, 2022 | Purchasing a Home

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