Bruce Monroe Gershman Mortgage

Bruce was very easy to get in touch with for advice and to answer any questions. He was also good at giving advice as to which type of loan to go with that would be the best value choice and most economical over time. The document uploading process was easy and convenient as well.

Happy Monday! What are you doing to maintain "good vibes" for the beginning of this work-week? #monday #mortgageloan #mortgageloanofficer #homebuyers

Do you think you're ready to be a homeowner? Get in touch with us if you are crossing off any of these boxes! #homebuyers #mortgageloan #mortgage

Bruce is fantastic to work with. He was great through our entire process.

Worried about how that new credit card you got from Macy's or TJ Maxx etc. for holiday shopping will hurt your overall score? Typically, just requesting the card can affect your score up to 10% due to a new credit inquiry. If you happened to open a new card over the holidays, don't fret! Make sure to keep your balance under 30% and try to pay the card off as soon as possible to avoid negative effects on your score (this is a GREAT rule of thumb for all credit cards). Send us a message for more credit tips! #wednesdaywisdom

We often fear what we don't understand. A new home purchase can be scary simply due to the lack of understanding of the process. Some simple ways to resolve this fear is to: 1. Work with a lender that will take the time to explain the process... 2. Work with a lender that will show you the detailed math up front 3. Make sure to provide the required documentation up front 4. Work with a lender that provides weekly status updates to keep you up to date on the process #wednesdaywisdom

Share this with someone who’s thinking about buying their first home! Steps to buying a home 1 Start your research early! Find out what style home you like, the area you want to live in and how long the homes you’re interested in stay on the market.... 2 Review your credit. Get your annual free credit report and make note of your score. Also, check for any inaccuracies on the report! Most of these can be fixed, but not overnight. So make sure you give yourself enough time before you start step 3. 3 Determine how much you want to spend monthly on your mortgage and then get pre-approved for a home loan. Work with a local lender to get a pre-approval letter to purchase a home. You will need to provide some financial information for the lender to determine which loan program is a good fit and how much money they will loan to you. 4 Find a Realtor. Your lender works with realtors on a daily basis, so if you don’t already have one you’re working with, they can recommend one to you. Realtors are an integral piece in the homebuying process- don’t do it without one! 5 Shop for your home and make an offer! Time for the fun part. You now know what style you like, where you want to live & how much money you can spend. With today’s market, homes are going under contract at the speed of light, so if you find something you really love, it’s time to get serious. If you have any questions about the process, or what happens next, send us a message! #wednesdaywisdom

You’ve watched enough HGTV and tackled enough small projects to now want a fixer-upper all your own. So what about financing? How do you secure a mortgage that allows you to purchase a property and gives you the cash you need to transform your newly-acquired diamond in the rough? Enter a home renovation loan A home renovation loan is a type of home loan that includes the costs of renovating a fixer-upper. In most cases, an appraisal for a home renovation loan include...s up to 110% of the home's after-improved value. Use the money from a home renovation loan to make repairs, add square footage, or upgrade the kitchen and bathrooms. You’ll want to get detailed estimates and avoid over-improving your new home. Talk with an experienced real estate agent who knows your neighborhood and can help you avoid both pitfalls. With interest rates so low, now is a smart time to buy. Whether you prefer a move-in ready or a fixer-upper, give us a call we'd love to help! #wednesdaywisdom See more

By using your knowledge of the 5 C’s of credit you can work on improving your credit score, save up for a larger down payment or pay off some of your outstanding debt. All of these factors determine your mortgage-worthiness and credit-worthiness, i.e. your ability to obtain a loan! #wednesdaywisdom

Bruce was always available, called back immediately and was so happy to answer all my nagging questions even if I had already asked them 20 times before. Bruce helped make our first home buying process less stressful and very successful with no bumps in the road!!

Congratulations Brittney! Thank you realtor Mindy Witte for always being excellent!

Here to help with your home purchase!

Let’s talk about the elephant in the room ... estimated mortgage payments. If you’re looking to buy a house, you’ve likely looked on Zillow and Realtor.com. These sites are good for browsing images, researching the neighborhood, and educating yourself about the home itself However, when it comes to getting an estimated mortgage payment, the calculators on MOST home searching sites aren’t going to include all of the pieces that factor into your total monthly mortgage payme...nt. Do yourself a favor- GET WITH A LENDER to get accurate figures!! We can’t stress this enough! We hate seeing people get excited about the dream home they’ve found only to find out their payment will actually be much higher than what was estimated on said sites. Whether you use Gershman, your local bank or another mortgage company, get a second opinion if you’re only basing your mortgage payment off what Zillow or Realtor.com is telling you. #wednesdaywisdom *The figures in the images above are based off a $150,000 purchase price. This is for informational purposes only and not an offer to lend or extend credit. Subject to credit and income approval. Terms and conditions are subject to change without prior notice. NMLS # 138063 See more

Fall is here! What are some of your favorite things to do during the Fall season?

Before you pick up your sledgehammer, make sure you check all the boxes!

Most of the time, when you have an accepted offer on a home, your purchase will be contingent on a satisfactory inspection.That is IF you get an inspection (which we HIGHLY recommend). Hire your own independent home inspector and if there is something you are really uneasy about (needs new roof, bad plumbing, bad insulation, etc.) trust your gut- either negotiate the price down to offset the cost of the repair, require the seller to fix the issues before the sale or walk away from the deal. #wednesdaywisdom

Who else is ready to decorate for fall? Check out @artofeverydayliving festive porch decor! On a serious note, let’s talk about monthly mortgage payments. A lot of times, a monthly mortgage payment can be cheaper than rent. But in the end, it all comes down to your income and budget. Most financial advisors will recommend spending no more than 30% of your monthly income on housing (i.e mortgage payment). So, if you make $5,000 a month, you would ideally want to spend no more than $1,500 a month on your mortgage. Questions about how much you can qualify for, or what your estimated monthly payment would be? Please reach out #wednesdaywisdom