Alan Thurman- Foundation Mortgage Company NMLS : 1587461

01/24/2023

Why the Housing Market is not Set to Crash in 2023

With recent inflation and the rise of mortgage rates, many fear we will have a housing market crash similar to 2009. Despite this, we are not seeing a lot of foreclosures impact homeowners. We are in a different market than we were in the crash of the earlier decade. This week, the team at Foundation Mortgage in Knoxville, Maryville, Lenoir City, Oak Ridge, or Gatlinburg, Tennessee discusses why we will not see a wave of foreclosures in 2023.

This week, the team at Foundation Mortgage in Knoxville, Maryville, Lenoir City, Oak Ridge, or Gatlinburg, Tennessee discusses the housing market and why we will not see a wave of foreclosures in 2023.

12/07/2022

Big News!!!

We are now licensed in TN, NC, SC, AL, FL, OK, and FL.

We are ready to help clients with their home financing!

Big News!!!

We are now licensed in TN, NC, SC, CO, AL, FL, OK, and FL.

We are ready to help clients with their home financing!

07/26/2022

How your credit score impacts your mortgage?

Did you know for most loan types your credit score impacts your interest rate and your mortgage insurance.

Credit scores are evaluated in 20 point increments. Meaning if your score is 721 your loan terms will likely be a little better than if it is 719.

Ready for more support on your home buying journey? Send us a DM 📱

07/21/2022

Doctors, dentists and other high-income professionals can find it challenging to qualify for conventional loans with large student loan debt and traditional down payment requirements. Fortunately, we offer a specialty homeownership program with your career trajectory in mind called a doctor mortgage loan.

Although these programs were originally designed for medical doctors and dentists, doctor mortgage loans are available to a wide array of professions.

Medical residents, doctors, dentists, optometrists, ophthalmologists and podiatrists can qualify for doctor mortgage. But so can pharmacists, accountants, attorneys, physician assistants, registered nurses, nurse practitioners, clinical nurse specialists, ATP pilots and veterinarians.

Contact me today and learn more about our doctor loan program

07/07/2022

Welcome our new team member Walter Stiffler!

Help us welcome our new team member Walter Stiffler!

Walter will be helping our operations and developing team while assisting with loans. He will help take Foundation to the next level 💪. We are beyond excited to have Walter be apart of the Foundation Mortgage team. Big things coming!

Stay Tuned!

06/30/2022

Creditors are not allowed to report a late payment until the 30th day of being late.

Now, they all have different penalties and fees when late, however, they are not allowed to actually report it as late to the credit bureaus until the 30th day.

Why do you need to know this?

Because late payments can severely damage your credit score.

Knowing when they report is essential to keeping a strong credit rating and my best advice is to set up autopayments so you never risk being late.

Share this with young adults who are just starting to establish credit so they can also be aware!

06/29/2022

Preparing Yourself Financially Before Applying For a Home Loan

It is important to be prepared for the many milestones that occur throughout your lifetime. Whether it is taking the training wheels off your first bike, proposing to the love of your life, planning for your wedding day, or applying for your first mortgage, you will want to ensure that you are financially equipped to enjoy each stage of your life.

If you are interested in buying a home in Knoxville, Maryville, Lenoir City, Oak Ridge, or Gatlinburg, Tennessee, and want to better understand how to obtain home financing, Foundation Mortgage can help. Read on to learn more about how to effectively prepare yourself financially before you apply for a home loan.

Here are a few steps you can take to prepare financially before apply for your next home loan. Contact Foundation Mortgage today to learn more!

06/28/2022

The math behind your house hunting budget isn’t rocket science… but there are a few different elements we have to take into consideration.

Employment, income, assets, credit history and debts all come into play when determining the total amount that makes you qualified.

Contact me today and let's get your client pre-approved!