Can you buy a home with NO down payment?

Yes! In addition to VA & USDA we have the Wealth Builder Loan What Is the Wealth Building Loan? Designed as an equity-creating mortgage option, the Wealth Building Loan requires no down payment and offers offers eligible borrowers a 7-1 Adjustable Rate Mortgage with a 20-year amortization. Wealth Building Loan Benefits The Wealth Building Loan […]

How Safe is Your Information & Documentation?

Your right to privacy is a significant concern for mortgage professionals who are involved in the solicitation, origination, processing, closing and servicing of mortgage transactions. Multiple laws protect the privacy of borrowers, and violation of these laws can result in serious liability. Privacy laws protect borrowers from the time they receive a solicitation for a mortgage […]

Can I Remove Mortgage Insurance from My Loan?

Answer: To remove private mortgage insurance you must be up to date with your monthly payments. And you have to reach the date when the principal balance of your mortgage is scheduled to fall to 80 percent of the original value of your home. GREAT info from the CFPB’s original article – here To remove private […]

Rent or Buy – Either Way You’re Paying a Mortgage

GREAT words of wisdom from my friends over at KCM – There are some renters that have not yet purchased a home because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you are living with your parents rent free, you are paying a mortgage – either your […]

FHA Increased DFW Area Loan Limit! and other useful FHA tidbits

Great news friends – homebuyers in the DFW metro (and surrounding areas) will see increased purchasing power thanks to FHA’s decision to increase loan limits beginning his January (2016). Previously the max loan amount for Dallas – Fort Worth area was $310,500 which means buyers could buy a $321,750 home by putting the very minimum down. However, as of […]

Low Down Payment Home Loans for Doctors & Dentists!

You’ve worked hard to achieve your professional goals—now let me help you achieve your home ownership dreams. New low down payment home loan available for doctors and dentists who have recently completed their residency, the Medical Professional Program allows you to finance your home before you start your new job – that’s right, BEFORE you start your new […]

Home Prices & Appraised Values -Sellers need to sell their homes twice?

First American Title issues a quarterly report, the Real Estate Sentiment Index (RESI), which “measures title agent sentiment on a variety of key market metrics and industry issues”. Their 2015 4th Quarter Edition revealed some interesting information regarding possible challenges with appraisal values as we head into 2016. “The fourth quarter RESI found that title […]

VA Loan

You served your country. Now let me and your country return the favor with special financing just for veterans. VA loans reward veterans for their service and sacrifice on behalf of our country in a number of ways. What Is A VA Loan? VA loans are a special type of home mortgage reserved for active […]

Hey TRID, why is my client paying 69.45% interest??

Here’s something ‘exciting’ (note: sarcasm) that your clients will be seeing going forward. It’s appropriately called the TIP! What is TIP? It’s the Total Interest Percentage – basically it’s the total amount of interest they’ll pay over the life of their loan expressed as a percentage. Now, that doesn’t seem to threatening, right?? Well, what […]

The Owelty Lien – aka the Divorce Lien

Refinancing while divorcing is a very hard thing to do. Emotionally and financially, it can be very stressful. Finding an experienced mortgage lender in the state of Texas who is capable of handling this delicate situation is essential. Texas is a common law state and if you are married and own Real Estate that is considered your primary […]