Mortgages for Residential, Investment and Commercial

First time Home Buyer Tax Credit Extended and Existing Buyers too but there are some Catches

AMG, LLC - THE One Stop Source VA, FHA & USDA Loans — Mon, 09 Nov 2009 09:40:28 -0600

Exciting News! After much debate the tax credit has been extended but there are some catches.

Catch 1: Although the Tax credit has been extended through June 30th 2010 you MUST have a signed contract by April 30th 2010. And these transactions will be highly scrutinized by the IRS due to all of the fraud going on with the current tax credit programs of last year and this year.
Catch 2: You still must live in the home for at least 3 years or you must pay back the tax credit.
Catch 3: Documentation requirements are higher. So when you apply to the IRS for the tax credit make sure you keep ALL of your closing docs at hand!
Catch 4: It is important to note that you cannot purchase a home from, among other family members, your ancestors (parents, grandparents, etc.), your lineal descendants (children, grandchildren, etc.) or your spouse or your spouse’s family members.
Catch 5: Repeat/Existing Buyers $6,500 Tax credit:: Income Limits are the same ans the first time home buyer credit but to qualify as move-up home buyer (“long-time resident”) as a home owner who has owned and resided in a home for at least five consecutive years of the eight years prior to the purchase date. For married taxpayers, the law tests the home ownership history of both the home buyer and the spouse. Repeat home buyers do not have to purchase a home that is more expensive than their previous home to qualify for the tax credit.
Income limits raised to $225k/year for couples filing jointly and $125k.year for single or couples filing separately.
Finally, nothing has changed regarding credit. I've had prospective homebuyers contact me needing to work on their credit and this has not changed.

As with ALL tax matters Please consult with your tax adviser for more information. Also see IRS Form 5405.

This is exciting for many home buyers out there but just be aware to know the catches to avoid an IRS audit. For more questuins on finance feel free to Contact out office at (832) 519-0695. HoustonMortgageBank.com

First time Home buyer extended another 6 months for active duty Vets

AMG, LLC - THE One Stop Source VA, FHA & USDA Loans — Tue, 13 Oct 2009 11:54:44 -0500

House passes resolution 416 to 0 to extend First Time Home buyer Credit by another 6 months to veterans that were on active duty for 90 days or more in 2009. This is a telegraph that it will NOT be extended for another 6 months for everyone else. It's not a done deal yet so stay tuned. It's good to see that our service members are appreciated.

Many people will say that this is only good for VA Loans. NOT True. As with the current Tax credit you may use this on any loan type. That means that USDA, FHA, Conventional, Texas Veteran's land board and VA Loans can get the tax credit!

For everyone else that means the tax credit will end on December 1, 2009. If you don't have your home under contract now the odds are against you that you will be able to get that tax credit unless you get started this friday 10/16. To get the tax credit contact our office here and we'll get you pre-qualified.

Texas Veterans Land Board Rates for 10/02 to 10/09/2009

AMG, LLC - THE One Stop Source VA, FHA & USDA Loans — Sat, 03 Oct 2009 13:58:37 -0500

Howdy,

The Texas Veterans Land board offers Texas Veterans the opportunity for some of the lowest rates available today. Contrary to the name these loans can be used to purchase regular everyday single family homes in metro areas. In addition, fees are strictly controlled and limited to protect the Veteran. To see if you or your clients qualify for this program contact our office and we'll get you pre-approved for the program.

Texas Veterans Land Board rates for Housing Assistance and Home Improvement Programs Base Rate for Housing/Home Improvement Loans: 5.06%. The maximum Loan amount is $325,000.

Special Interest Rate Discount - For Texas Veterans Land Board Housing and Home Improvement Loans Only (The following discount to the rate may apply if qualifying criteria are met.) Qualified Texas Veterans with Disabilities Program Discount: -0.50% (The Veterans with Disabilities Discount applies to veterans with a compensable disability rated at thirty percent or greater by the United States Department of Veterans Affairs.)

NOTES:

For loan payment estimates, please call our office.
The VLB Base Rate is subject to adjustment on the each week.
If more than one rate lock is obtained in a twelve-month period, the highest locked rate will prevail.
Housing loans are available with 15, 20, 25 or 30-year terms.
Home Improvement loans are available with two to 20-year terms.

For a complete list of programs terms and rates contact our office directly at (832) 519-0695 or email me at here.

Texas Veterans Land Board Rates for 09/25 to 10/02/09

AMG, LLC - THE One Stop Source VA, FHA & USDA Loans — Fri, 25 Sep 2009 18:30:55 -0500

Howdy,

Texas Veterans Land Board rates for Housing Assistance and Home Improvement Programs Base Rate for Housing/Home Improvement Loans: 4.85%. The maximum Loan amount is $325,000.

NOTES:

For loan payment estimates, please call our office.
The VLB Base Rate is subject to adjustment on the each week.
If more than one rate lock is obtained in a twelve-month period, the highest locked rate will prevail.
Housing loans are available with 15, 20, 25 or 30-year terms.
Home Improvement loans are available with two to 20-year terms.

For a complete list of programs terms and rates contact our office directly at (832) 519-0695 or email me at here.

Texas Veterans Land Board Rates for 06/27 to 07/03/09

AMG, LLC - THE One Stop Source VA, FHA & USDA Loans — Mon, 29 Jun 2009 10:36:08 -0500

Howdy,

Texas Veterans Land Board rates for Housing Assistance and Home Improvement Programs Base Rate for Housing/Home Improvement Loans: 5.24%. The maximum Loan amount is $325,000.

NOTES:

For loan payment estimates, please call our office.
The VLB Base Rate is subject to adjustment on the each week.
If more than one rate lock is obtained in a twelve-month period, the highest locked rate will prevail.
Housing loans are available with 15, 20, 25 or 30-year terms.
Home Improvement loans are available with two to 20-year terms.

For a complete list of programs terms and rates contact our office directly at (832) 519-0695 or email me at here.

Texas Veterans Land Board Rates for 05/30 to 06/05/09

AMG, LLC - THE One Stop Source VA, FHA & USDA Loans — Fri, 29 May 2009 18:30:35 -0500

Howdy,

Texas Veterans Land Board rates for Housing Assistance and Home Improvement Programs Base Rate for Housing/Home Improvement Loans: 4.95%. The maximum Loan amount is $325,000.

NOTES:

For loan payment estimates, please call our office.
The VLB Base Rate is subject to adjustment on the each week.
If more than one rate lock is obtained in a twelve-month period, the highest locked rate will prevail.
Housing loans are available with 15, 20, 25 or 30-year terms.
Home Improvement loans are available with two to 20-year terms.

For a complete list of programs terms and rates contact our office directly at (832) 519-0695 or email me at here.

Texas Veterans Land Board Rates for 05/23 to 05/29/09

AMG, LLC - THE One Stop Source VA, FHA & USDA Loans — Mon, 25 May 2009 10:02:51 -0500

Howdy,

Texas Veterans Land Board rates for Housing Assistance and Home Improvement Programs Base Rate for Housing/Home Improvement Loans: 4.99%. The maximum Loan amount is $325,000.

NOTES:

For loan payment estimates, please call our office.
The VLB Base Rate is subject to adjustment on the each week.
If more than one rate lock is obtained in a twelve-month period, the highest locked rate will prevail.
Housing loans are available with 15, 20, 25 or 30-year terms.
Home Improvement loans are available with two to 20-year terms.

For a complete list of programs terms and rates contact our office directly at (832) 519-0695 or email me at here.

Texas Veterans Land Board Rates for 05/16 to 05/22/09

AMG, LLC - THE One Stop Source VA, FHA & USDA Loans — Fri, 15 May 2009 23:37:04 -0500

Howdy,

Texas Veterans Land Board rates for Housing Assistance and Home Improvement Programs Base Rate for Housing/Home Improvement Loans: 4.82%. The maximum Loan amount is $325,000.

NOTES:

For loan payment estimates, please call our office.
The VLB Base Rate is subject to adjustment on the each week.
If more than one rate lock is obtained in a twelve-month period, the highest locked rate will prevail.
Housing loans are available with 15, 20, 25 or 30-year terms.
Home Improvement loans are available with two to 20-year terms.

For a complete list of programs terms and rates contact our office directly at (832) 519-0695 or email me at here.

Texas Veterans Land Board Rates for 05/09 to 05/15/09

AMG, LLC - THE One Stop Source VA, FHA & USDA Loans — Fri, 08 May 2009 20:59:45 -0500

Howdy,

Texas Veterans Land Board rates for Housing Assistance and Home Improvement Programs Base Rate for Housing/Home Improvement Loans: 4.97%. The maximum Loan amount is $325,000.

NOTES:

For loan payment estimates, please call our office.
The VLB Base Rate is subject to adjustment on the each week.
If more than one rate lock is obtained in a twelve-month period, the highest locked rate will prevail.
Housing loans are available with 15, 20, 25 or 30-year terms.
Home Improvement loans are available with two to 20-year terms.

For a complete list of programs terms and rates contact our office directly at (832) 519-0695 or email me at here.

HVCC will drive the Real Estate Market into Depression

AMG, LLC - THE One Stop Source VA, FHA & USDA Loans — Sun, 03 May 2009 10:14:45 -0500

Well probably not so dramatic as that.... however there will be some settling in adjustments as the Real Estate Industry adjusts to the new Reality of HVCC, wheather it's permanent or tempoary is still up for debate.

Just say the acronym HVCC (insert horrific scream here) today in the Real Estate Community and many who know it's like Count Dracula stepped into the room to suck the life our of your transaction. One thing that should be pointed out is that some appraisals have been done very similuar to this for years. What's that you say? You've never heard of such a thing?

My response is have you ever had a VA loan in one of your transactions? If yes then you've used HVCC lite. Have you ever done any type of loan in recent years and heard the company called Landsafe? Then you've had a taste of HVCC or the Home Valuation Code of Conduct.

The purpose of my blog is to help educate you on how the process will work and make your transactions go smoother. There are many other blogs here on AR that address the legal issues and from the appraiser perspective and I won't rehash those here.

To Answer most questions of Realtors and the public I've provided a video on my web site that explains HVCC and how you can make your transaction go smoothly.

As always if you have questions about this or your mortgage needs you may contact me directly at (832) 519-0695

Texas Veterans Land Board Rates for 05/02 to 05/08/09

AMG, LLC - THE One Stop Source VA, FHA & USDA Loans — Sat, 02 May 2009 08:31:13 -0500

Howdy,

Texas Veterans Land Board rates for Housing Assistance and Home Improvement Programs Base Rate for Housing/Home Improvement Loans: 5.20%. The maximum Loan amount is $325,000.

Special Interest Rate Discount - For Housing and Home Improvement Loans Only (The following discount may apply if qualifying criteria are met.) Qualified Veterans with Disabilities Program Discount: -0.50% (The Veterans with Disabilities Discount applies to veterans with a compensable disability rated at thirty percent or greater by the United States Department of Veterans Affairs.)

NOTES:

For loan payment estimates, please call our office.
The VLB Base Rate is subject to adjustment on the each week.
If more than one rate lock is obtained in a twelve-month period, the highest locked rate will prevail.
Housing loans are available with 15, 20, 25 or 30-year terms.
Home Improvement loans are available with two to 20-year terms.

For a complete list of programs terms and rates contact our office directly at (832) 519-0695 or email me at henry@GoToEquitySolutions.com or visit our web site at GoToEquitySolutions.com

Texas Veterans Land Board Rates for 04/25 to 05/01/09

AMG, LLC - THE One Stop Source VA, FHA & USDA Loans — Fri, 24 Apr 2009 19:41:42 -0500

Howdy,

Texas Veterans Land Board rates for Housing Assistance and Home Improvement Programs Base Rate for Housing/Home Improvement Loans: 5.04%. The maximum Loan amount is $325,000.

NOTES:

For loan payment estimates, please call our office.
The VLB Base Rate is subject to adjustment on the each week.
If more than one rate lock is obtained in a twelve-month period, the highest locked rate will prevail.
Housing loans are available with 15, 20, 25 or 30-year terms.
Home Improvement loans are available with two to 20-year terms.

For a complete list of programs terms and rates contact our office directly at (832) 519-0695 or email me at henry@GoToEquitySolutions.com

Does FreddieMac Own your Mortgage?

AMG, LLC - THE One Stop Source VA, FHA & USDA Loans — Sun, 19 Apr 2009 19:06:27 -0500

In a recent Blog I posted a link for a consumer to obtain information if FannieMae owned their mortgage. Here in my next installment FreddieMac now has a lookup page to tell if FHLMC owns their mortgage. With many people in trouble or with their mortgages being sold from one company to another many people have a hard time to even find who actually own's the mortgage on their house. For a link to the correct FreddieMac web page to obtain this infomation I've put link here.

With mortgage fraud escalating at a record pace it is important to find out who owns your mortgage and if you've been a victim of mortgage Fraud without even knowing it. In near future I will be posting several articles on how to determine if you've been a victim of fraud and how to combat it and how to stop mortgage fraud before it begins.

For any questions about refinancing your existing loan or to purchase a new home contact our office for a pre-approval anywhere in Texas we can be reached at (832) 519-0395

Texas Veterans Land Board Rates for 04/18 to 04/24/09

AMG, LLC - THE One Stop Source VA, FHA & USDA Loans — Sun, 19 Apr 2009 13:04:49 -0500

Howdy Y'all,

Texas Veterans Land Board rates for Housing Assistance and Home Improvement Programs Base Rate for Housing/Home Improvement Loans: 5.03%. The maximum Loan amount is $325,000.

NOTES:

For loan payment estimates, please call our office.
The VLB Base Rate is subject to adjustment on the each week.
If more than one rate lock is obtained in a twelve-month period, the highest locked rate will prevail.
Housing loans are available with 15, 20, 25 or 30-year terms.
Home Improvement loans are available with two to 20-year terms.

For a complete list of programs terms and rates contact our office directly at (832) 519-0695 or email me at henry@GoToEquitySolutions.com

Texas Veterans Land Board Rates for 04/10 to 04/17/09

AMG, LLC - THE One Stop Source VA, FHA & USDA Loans — Sat, 11 Apr 2009 08:40:17 -0500

Howdy Y'all,

Texas Veterans Land Board rates for Housing Assistance and Home Improvement Programs Base Rate for Housing/Home Improvement Loans: 4.99%. The maximum Loan amount is $325,000.

NOTES:

For loan payment estimates, please call our office.
The VLB Base Rate is subject to adjustment on the each week.
If more than one rate lock is obtained in a twelve-month period, the highest locked rate will prevail.
Housing loans are available with 15, 20, 25 or 30-year terms.
Home Improvement loans are available with two to 20-year terms.

For a complete list of programs terms and rates contact our office directly at (832) 519-0695 or email me at henry@GoToEquitySolutions.com

Texas Veterans Land Board Rates for 04/04 to 04/10/09

AMG, LLC - THE One Stop Source VA, FHA & USDA Loans — Sat, 04 Apr 2009 16:57:21 -0500

Howdy Y'all,

Texas Veterans Land Board rates for Housing Assistance and Home Improvement Programs Base Rate for Housing/Home Improvement Loans: 4.99%. The maximum Loan amount is $325,000.

NOTES:

For loan payment estimates, please call our office.
The VLB Base Rate is subject to adjustment on the each week.
If more than one rate lock is obtained in a twelve-month period, the highest locked rate will prevail.
Housing loans are available with 15, 20, 25 or 30-year terms.
Home Improvement loans are available with two to 20-year terms.

For a complete list of programs terms and rates contact our office directly at (832) 519-0695 or email me at henry@GoToEquitySolutions.com

How Realtors Get Fired by their Mortgage Professional and Their Clients

AMG, LLC - THE One Stop Source VA, FHA & USDA Loans — Sat, 28 Mar 2009 22:20:12 -0500

Whoa... what was that headline.... yep.. you read that right. I fired a Referral Partner Realtor and their client recently. I want to say up front that many Realtors are top notch professionals. Once in a while we are all human and what a call the "doofus gene" creeps in.

I thought I'd go over the three ways that Realtors (and their Clients) get Fired by Mortgage Professionals

On a tight deal demand that the mortgage professional reduce their fees to almost nothing and the Realtor collects both sides of the deal and act like it's the mortgage professional's fault the ratios don't work
Lie to the mortgage professional to obtain High LTV (96.5 or 100%) financing on a property that the Realtor knows is an investment property for their buyer
Have the mortgage professional work for an extended time with the borrower and to find a lender or bank that will take the loan and then complain to the mortgage professional is charging $500 or 1/8 of a point too much "in their opinion" and then take the loan to someone who is their "friend" at another lending institution.
Demand that the mortgage Professional Violate RESPA and release personal information to you.

I was talking with a Realtor recently who gets it and they said they know that mortgage professionals are the point people in any successful real estate transaction. Needless to say we give each other a lot of support and close deals. I don't try to do their job and question their fees and they don't question me. It is only brought up when the numbers won't work. Deals are fewer and slimmer in this market for everyone.

For New or inexperienced Realtors the rules are simple

Find a bad mortgage professional, run away as fast as possible
Find a good one, don't try to do their job. They don't try to do yours

You see in the current market with Realtors and mortgage professionals dropping like flies we all need to work together.

One of my favorite sayings is something to the effect: If you want to be successful don't worry about who gets credit. If you want to be a failure make sure you get all of the credit.

Mortgage Professionals I'd very much like to hear your experiences in the current market and how many times you've experienced the "Doofus Gene" in our profession, with realtors (good, bad and ?) and other mortgage professionals (good, bad and?).

Texas Veterans Land Board Rates for 3/28 to 4/03/09

AMG, LLC - THE One Stop Source VA, FHA & USDA Loans — Fri, 27 Mar 2009 23:21:40 -0500

Howdy Y'all,

Texas Veterans Land Board rates for Housing Assistance and Home Improvement Programs Base Rate for Housing/Home Improvement Loans: 4.99%. The maximum Loan amount is $325,000.

NOTES:

For loan payment estimates, please call our office.
The VLB Base Rate is subject to adjustment on the each week.
If more than one rate lock is obtained in a twelve-month period, the highest locked rate will prevail.
Housing loans are available with 15, 20, 25 or 30-year terms.
Home Improvement loans are available with two to 20-year terms.

For a complete list of programs terms and rates contact our office directly at (832) 519-0695 or email me at henry@GoToEquitySolutions.com

Owner Finance is not all that it's cracked up to be for the buyer in most cases

AMG, LLC - THE One Stop Source VA, FHA & USDA Loans — Sun, 22 Mar 2009 17:51:30 -0500

Over the past few months I've been contacted by numerous people wanting to refinance their homes who acquired them through owner financing. While I can say there have have heard a few reports of positive results from this financing strategy the perponderance of the evidence is the exact opposite.

First lets start with the positive:

Owner finance allows for more flexible financing for those who cannot otherwise acquire financing.

Ok, I think that pretty much sums up the advantages......

Here's what I've been hearing borrowers and potential borrowers say

Miss a payment by 1 to 7 days and receive a notice of foreclosure and/or eviction within 3 days
Not being able to sell or refinance the house due to never actually having a clear title
Never being given the deed to the property and thus never being in an ownership position
Receiving a foreclosure notice from a bank that you've never heard of only to find out that the "owner" executed what is known as a "subject to" deal by purchasing the property from the original owner leaving the original mortgage in place and then making a few payments and pocketing the money you sent them for "your" mortgage payment and taking your downpayment leaving you to deal with the bank.
No limit on interest rate and penalties that can be charged in the case of a late payment

Part of the problem is that there are virtually no laws protecting buyers from error in the case of owner finance like there are with the highly regulated mortgage broker and banking industry.

While there are sad stories of someone having a mortgage from a lending institutions let's compare

Missing a payment with a normal mortgage you have 15 days or more before you are penalized a % of the payment and even then if you pay the penalty and your normal payment it is very unlikely you will receive a notice of foreclosure
A lender will not even engage into a transaction unless they receive a clear title policy from a title company.
In a deed of trust state like Texas you receive the deed with the lien of the first mortgage (deed of trust).
A lender will not give you a first mortgage unless the old mortgage is paid in full, usually with your new mortgage.
Interest rates are limited by law. In the case of a foreclosure you are charged late fees, interest and attorney's fees. While not cheap they are low compared to the 30% to 40% I've heard some owner finance victims being charged.
Ower evicting or foreclosing without notice and without reason keeping down payment.

Some Warning signs

Seller having you make your down payment check out to them and not a title company, escrow agent or attorney
Not providing you with a HUD-1 Settlement statement before the closing
Not closing at a title company or attorney's office

I was an investor before I became a Mortgage Broker. The body of law protecting a buyer in the case of a lender are immense and the laws protecting a buyer from a dishonest owner finance deal are sparse and practically non-existent. This is not to say there are not some fantastic highly ethical people doing owner financing.

So in short while Owner Finance may be a good deal for some people, remember the sea is not full of goldfish but more often than not it's full of sharks. Make sure you bring your own attorney to the table with any owner finance deal.

If you'd like to hear from an experienced Investor and Mortgage Professional I'd be happy to discuss your options. 832-519-0695

Planned Charitable Giving By Real Estate Professionals

AMG, LLC - THE One Stop Source VA, FHA & USDA Loans — Sun, 22 Mar 2009 11:02:49 -0500

What If: With Ever Transaction the professionals donated a portion of their fees to local charities?

With donations to many charites down. Wheather it's a church, school or other local non-profit organization many of us have decided to help local charities through a program known as Charity Lending.

Most Real Estate Transactions concern a loan of some kind and we feel that giving back to struggling local charities is the answer so we formed Charity Lending. Our web site of CharityLending.INFO explains more of the detail. We were inspired by a modest organization named Modest Needs that started in 2002 as a small operation and now is a full blown 501(c) 3 not-for-profit corporation.

The growth of this organization has inspired us over the past years and all charities are eligible for the program that we offer. Recently we've supported, local schools, churches, arbor day, ASPCA and many others.

We have recently joined with Real Estate Brokerage that will also be supporting local charites as well. Afterall we all benefit from supporting local charitable organizations. All anyone has to do is simply mention the program and the charity if they use our services and we'll make a donation to that organization.

Right now this is just for the state of Texas. Once we have worked out the kinks we would look to expand the program... who knows we may start off like Modest Needs and the road may lead somwhere wonderful for our communities.

I'm interested in comments from Real Estate professionals and consumers about how we can help you and improve Charity Lending. Drop me a comment. I'd love to hear from you!!

How to get a VA loan - The VA Certificate of Eligibility (COE)

AMG, LLC - THE One Stop Source VA, FHA & USDA Loans — Sun, 22 Mar 2009 10:32:34 -0500

As a Veteran you have decided to make a home purchase. The first thing you need to obtain in order to use your VA Entitlement is to obtain a VA COE. If you do not have one already we would be happy to assist you in getting one. The process is easy and quick. Just call our office and we will be glad to send out to you a VA Form 26-1880 or request for COE. Simply fill it out and return it to the VA and you should have your COE within a couple of weeks. If you are in a hurry, you may visit your local VA Office and have your COE in as little as one day.

To obtain VA home loan veteran benefits you must have served on active duty in the Air Force, Army, Coast Guard Navy or Marine Corps and have been honorably discharged. You may still be entitled to benefits if you were discharged under other than honorable circumstances. This requires further research by the VA. In the end the VA makes the final determination.

You will generally have benefits if, according to the Veterans Administration, you served under the following circumstances:

Service during periods of: Wartime

WWII: 9/16/1940 to 7/25/1947
Korean: 6/27/1950 to 1/31/1955
Vietnam: 8/5/1964 to 5/7/1975

You need to have at least 90 days active duty and have been discharged under other than dishonorable conditions. You may be eligible if discharged for a service-connected disability if you served less than 90 days.

Service during periods of: Peacetime

7/26/1947 to 6/26/1950
2/1/1955 to 8/4/1964
5/8/1975 to 9/7/1980 (Enlisted)
5/8/1975 to 10/16/1981 (Officer)

Service of at least 181 days of continuously for active duty and discharged under other than dishonorable conditions. You may be eligible if discharged for a service-connected disability if you served less than 181 days.

Service after 9/7/1980 (enlisted) or 10/16/1981 (officer)

If you separated from service that began after these dates, you need to have:

Completion of 24 months of active duty or the full period of at least 181 days for which you were called or ordered to active duty and been discharged under conditions other than dishonorable

Active duty of at least 181 days and discharged under the specific authority of 10 USC 1173 (Hardship), or 10 USC 1171 (Early Out), or you were determined to have a compensable service-connected disability;

Have been discharged with less than 181 days of service for a service-connected disability. you may also be eligible if you were released from active duty due to an involuntary reduction in force, certain medical conditions, or, in some instances for the convenience of the Government.

Gulf War - Service during period 8/2/1990 to date yet to be determined

If served on active duty during the Gulf War, you are required to have:

24 months of continuous active duty or the full period (at least 90 days) for which you were called or ordered to active duty, and been discharged under conditions other than dishonorable,

At least 90 days of active duty and been discharged under the specific authority of 10 USC 1173 (Hardship), or 10 USC 1173 (Early Out), or have been determined to have a compensable service-connected disability,

Discharged with less than 90 days of service for a service-connected disability. Individuals may also be eligible if they were released from active duty due to an involuntary reduction in force, certain medical conditions, or, in some instances, for the convenience of the Government.

Current Active Duty Service Personnel

If now on regular duty (not active duty for training), you are eligible after having served 181 days (90 days during the Gulf War) unless discharged or separated from a previous qualifying period of active duty service.

Selected Reserves or National Guard

If you are not otherwise eligible and you have completed a total of 6 years in the Selected Reserves or National Guard (member of an active unit, attended required weekend drills and 2-week active duty for training) and

Were discharged with an honorable discharge

Were placed on the retired list

Transferred to the Standby Reserve or an element of the Ready Reserve other than the Selected Reserve after service characterized as honorable service

Continue to serve in the Selected Reserves

Individuals who completed less than 6 years may be eligible if discharged for a service-connected disability.

You May also be determined eligible if you:

Are an unremarried spouse of a veteran who died while in service or from a service connected disability

Are a spouse of a serviceperson missing in action or a prisoner of war

Note: Also, a surviving spouse who remarries on or after attaining age 57, and on or after December 16, 2003, may be eligible for the home loan benefit. However, a surviving spouse who remarried before December 16, 2003, and on or after attaining age 57, must apply no later than December 15, 2004, to establish home loan eligibility. Those applications received after December 15, 2004 where the surviving spouses remarried before December 6, 2003 must be denied.

Eligibility may also be established for:

Certain US citizens who served in the armed forces of a government allied with the United States in WW II.
Persons with service as members in certain organizations, such as officers of National Oceanic & Atmospheric Administration, Public Health Service officers, cadets at the United States Military, Air Force, or Coast Guard Academy, midshipmen at the United States Naval Academy, merchant seaman with WW II service, and others.

Effective immediately, Certificates of Eligibility will no longer display a veteran’s date of birth. This change was made to limit the amount of personal data being displayed on Certificates of Eligibility. Please note, however, that veterans will still need to provide their date of birth when submitting an application for a determination of eligibility in order to process their request.

If you need assistance in obtaining your Certificate of Eligibility give us a call. My direct number is (936) 828-1776 and we help Vets across the state of Texas not only with VA loans but also I am trained and one of the most experienced brokers in the state of Texas with the Texas Veterans Land Board.

Texas Veterans Land Board Rates for 3/21 to 3/27/09

AMG, LLC - THE One Stop Source VA, FHA & USDA Loans — Fri, 20 Mar 2009 21:37:18 -0500

Howdy Y'all,

Texas Veterans Land Board rates for Housing Assistance and Home Improvement Programs Base Rate for Housing/Home Improvement Loans: 4.95%. The maximum Loan amount is $325,000.

NOTES:

For loan payment estimates, please call our office.
The VLB Base Rate is subject to adjustment on the each week.
If more than one rate lock is obtained in a twelve-month period, the highest locked rate will prevail.
Housing loans are available with 15, 20, 25 or 30-year terms.
Home Improvement loans are available with two to 20-year terms.

For a complete list of programs terms and rates contact our office directly at (832) 519-0695 or email me at henry@GoToEquitySolutions.com

VA and Texas Veterans Land Board Training for Realtors March, 18th in Humble TX

AMG, LLC - THE One Stop Source VA, FHA & USDA Loans — Tue, 17 Mar 2009 15:16:47 -0500

There has been such a demand about the VA 100% Loan Program and the Texas Veterans Land Board Loan program that many realtors have asked that I put on a Training for this. You wish is my command !!!!

I will be having this special training in Humble Texas Tomorrow March 18th from 3p to 4p. For more information click here and watch this special video that includes a special nugget of Gold on this St Patricks Day for all of you Realtors.

If you have any quesions on the VA Program or the Texas Veterans Land Board Program please contact me directly at 832-519-0695

Texas Veterans Land Board Rates for 3/14 to 3/20/09

AMG, LLC - THE One Stop Source VA, FHA & USDA Loans — Sat, 14 Mar 2009 12:17:28 -0500

Howdy Y'all,

Texas Veterans Land Board rates for Housing Assistance and Home Improvement Programs Base Rate for Housing/Home Improvement Loans: 5.20%. The maximum Loan amount is $325,000.

NOTES:

For loan payment estimates, please call our office.
The VLB Base Rate is subject to adjustment on the each week.
If more than one rate lock is obtained in a twelve-month period, the highest locked rate will prevail.
Housing loans are available with 15, 20, 25 or 30-year terms.
Home Improvement loans are available with two to 20-year terms.

For a complete list of programs terms and rates contact our office directly at (832) 519-0695 or email me at henry@GoToEquitySolutions.com

Does FannieMae Own your Mortgage?

AMG, LLC - THE One Stop Source VA, FHA & USDA Loans — Wed, 11 Mar 2009 14:46:50 -0500

Recently FannieMae (FNMA) announced a lookup page to tell if FNMA under the headline of "Does Fannie Mae or FNMA Own your mortgage?" With many people in trouble or with their mortgages being sold from one company to another many people have a hard time to even find who actually own's the mortgage on their house. For a link to the correct FannieMae web page to obtain this infomation I've put a link here.

For any questions about refinancing your existing loan or to purchase a new home contact our office for a pre-approval anywhere in Texas we can be reached at (832) 519-0395