In this post, there will be plenty of talk about facts for the economy regarding home sales, foreclosures, purchase price of homes, and what you might expect for the housing market in the future as it … [Read more...]
VA Home Loan Guideline on Chain of Title
Unlike FHA and Conventional loans, VA does not have a guideline that says a borrower can not get a loan on a home that has a short chain of title. Define: Chain of Title - A chain of title is … [Read more...]
USDA if back In Action Frisco, Little Elm, and Proper
USDA lending is back, but not necessarily in full swing...there are some changes. I think that the custom home builders and Realtors in areas such as Prosper, Little Elm, and Celina will benefit as … [Read more...]
The Best Frisco Mortgage Calculator
Have you checked out Frisco's finest, and Frisco's best online Mortgage Calculator? If you would like to use the mortgage calculator that everyone in Frisco, Plano, Little Elm, Prosper, and McKinney … [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...]
FHA Changing Seller Concessions from 6% to 3%
In case you are wondering, FHA has still not put their foot down on the decision, and as of today, 5/18/2010, you still get 6%. My last post on this talked about some of the other changes that were … [Read more...]
Financial Reform For What?
Financial Reform is a hot topic that has mainly just blown into a volcanic cloud looming over us, but not started dissipating or settling down on top of us really yet. Wikipedia defines Campaign … [Read more...]
Environment Shift For Buyers and Refinance Prospects with Yearly Low Rates
If you were waiting for the "planets to align" to refinance or buy a home, now is probably the time...Frisco, Plano, McKinney, Prosper, and Little Elm have the perfect opportunity as housing picks up … [Read more...]
Why do more than 95% of my referrals choose me over my competition?
As a young loan officer in the industry, I heard Joe Stumpf with By Referral Only ask a room full of experienced and beginner Realtors and lenders at a Main Event, "Do you want to know why I was able … [Read more...]
