Tamra Bukowski - Foundation Mortgage Company NMLS: : 1114042

04/26/2023

If you are a homeowner who used an FHA loan to help finance your purchase, you more than likely have been paying a mortgage insurance premium.

If you are able to meet certain specifications, you might be able to eliminate these insurance payments and save a substantial amount of money. If you are a homeowner in Knoxville, Maryville, Lenoir City, Oak Ridge, or Gatlinburg, Tennessee, and have questions about your home loan and mortgage insurance, Foundation Mortgage can help. Continue reading to learn more about understanding mortgage insurance premiums.

If you are a homeowner who used an FHA loan to help finance your purchase, you more than likely have been paying a mortgage insurance premium. If you are able to meet certain specifications, you might be able to eliminate these insurance payments and save a substantial amount of money.

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.

01/20/2023

How to Grow Your Wealth through Homeownership

Data from Bloomberg on Americans over 65 shows that homeowners are far likelier than renters to hold higher net wealth. This makes sense, as we all pay for housing, but some are not paying to eventually own the asset.

Buying a home is often an overlooked wealth building tool in the traditional finance world, which encourages use of stocks and retirement funds. This week, the team at Foundation Mortgage in Knoxville, Maryville, Lenoir City, Oak Ridge, or Gatlinburg, Tennessee educates readers on growing their wealth through homeownership.

Buying a home is often an overlooked wealth building tool in the traditional finance world, which encourages use of stocks and retirement funds. This week, the team at Foundation Mortgage in Knoxville, Maryville, Lenoir City, Oak Ridge, or Gatlinburg, Tennessee educates readers on growing their weal...

01/16/2023

Demand for Homeownership Rising Among Millennials

You may be surprised to learn that the millennial generation, once known for being renters, has become a driving force in today’s home buyer market. Although people have seen some of the demand for buying a home slow as interest rates rise, there are still plenty of buyers out there.

The idea that millennials are simply a renter generation is a myth. This week, the team at Foundation Mortgage discusses rising demand from the younger generation to buy homes in Knoxville, Maryville, Lenoir City, Oak Ridge, or Gatlinburg, Tennessee.

The idea that millennials are simply a renter generation is a myth. This week, the team at Foundation Mortgage discuss rising demand from this generation to buy homes in Knoxville, Maryville, Lenoir City, Oak Ridge, or Gatlinburg, Tennessee.

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!

07/21/2022

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!

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!