Everyone is concerned, at least here in Frisco TX. What is going to happen to my loan that I am in process of getting completed right now? I'm in the middle of buying a home, is this going to delay … [Read more...]
Minimum Credit Score and Requirements After Bankruptcy Foreclosure or Short Sale
Mortgage loan standards required by FHA, Conventional, and VA underwriting required after a bankruptcy, foreclosure, or short-sale with regard to seasoning after discharge and general credit score … [Read more...]
Need a Lender For a Fast Closing
If you are looking for a lender that needs to close your loan fast, call YourMortgageGuyForLife at 469-450-2723. Below are some references that you might check with that can tell you the caliber of … [Read more...]
Frisco Home Buyers Gamble With Prompt Closing Using Their Local Bank
In the last 2 weeks, I have received a number of new referrals from Realtors that have home buyers in Frisco, Little Elm, and Coppell. Why is this significant? All had seen their closing date on … [Read more...]
June 1st Fannie Mae Will Institute a New Guideline in Credit Qualifying
Fannie Mae institutes new underwriting guidelines for home owners trying to borrower money, to pull a 2nd credit report before the close of the loan. Fannie Mae released a notice to the mortgage … [Read more...]
Part I: How To Prepare for My Home Loan Process
NEEDS DOCUMENTATION LIST FOR YOUR TRANSACTION Fannie Mae and Freddie Mac are the governing bodies of home loans in American, and any loan originated through an FDIC related lending … [Read more...]
Extend Home Buyer Tax Credit of $8,000 for Frisco Home Buyers
The question I see as a mortgage person in Frisco Texas a lot this year is, "Do I think that the first time Home Buyer Tax Credit will be extended to 2010." My response is, "I sure should be", because … [Read more...]
August Mortgage Rates Starting to Hike…Mortgage Trend Last Couple Months
In July, the national average for the 30 year fixed mortgage at one point got as low as 5.25%. Please note, from my long experience in this industry, I'm not sure where the national average is derived … [Read more...]
Tax Credit Will NOT Be Available for Downpayment
$8000 FTHB Tax Credit Cannot be used For Downpayment As of Today The SECRETARY of HUD made an announcement Monday and a HUD/FHA letter was published on the website Monday night stating the the $8000 … [Read more...]
Builders In House Mortgage Relationships Soon To Be Changed
Builders have been a big problem over the years with dangling incentives for potential buyers to use their affiliated mortgage company. Nothing was more aggervating than to lose a loan after I have … [Read more...]
