Mortgage Rate Update Sugar Land, Katy, Houston, The Woodlands 06/27/12 - 06/27/12 07:53 AM
Here is your weekly interest rate update:
Conventional 30 year Mortgage: 3.625%
Credit score:740
LTV:80%
Loan Amount:$200k
APR: 3.9%
FHA 30 year:3.25%
Credit Score:640
LTV:96.5%
loan amount:$200k
APR:4.15%
Conventional 15 year:2.875%
Credit score:740
LTV:80%
Loan Amount:$200k
APR:3.35%
 
Call me today if you are thinking of refinancing or buying a home, for the best mortgage rate possible.

… (4 comments)

Mortgage Rate Update Sugar Land, Katy, Houston, The Woodlands 06/20/12 - 06/20/12 08:22 AM
Here is your weekly interest rate update:
Conventional 30 year Mortgage: 3.625%
Credit score:740
LTV:80%
Loan Amount:$200k
APR: 3.9%
FHA 30 year:3.25%
Credit Score:640
LTV:96.5%
loan amount:$200k
APR:4.15%
Conventional 15 year:3%
Credit score:740
LTV:80%
Loan Amount:$200k
APR:3.35%
 
Call me today if you are thinking of refinancing or buying a home, for the best mortgage rate possible.

… (0 comments)

The New FHA Collection Rule has been Cancelled- Dave Your Mortgage Guy - 06/19/12 07:30 AM
This will be my shortest article ever. The FHA Collection Rule has been cancelled, per HUD’s letter on 6-15. Which is awesome news for all buyers looking for a FHA Loan. Please call or email me with any questions.
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Top 5 Excuses for Putting Off Getting Pre-Approved For A Mortgage - 06/13/12 04:04 PM
For some odd reason, some folks want to put off getting pre-approved for their mortgage until the last minute.  Not only is this super risky but it can also put you in a really bad situation.  Here are the top 5 excuses I have heard and why they are a bad idea:
 
1.      “I am going to wait until I find the right home”- This is actually causing you to go backwards.  Before looking at a home you need to get pre-approved to find out how much home you can get approved for, how much  money you need to buy … (8 comments)

Mortgage Rate Update Sugar Land, Katy, Houston, The Woodlands 6/13/12 - 06/13/12 07:48 AM
Here is your weekly interest rate update:
Conventional 30 year Mortgage: 3.625%
Credit score:740
LTV:80%
Loan Amount:$200k
APR: 3.9%
FHA 30 year:3.25%
Credit Score:640
LTV:96.5%
loan amount:$200k
APR:4.15%
Conventional 15 year:3%
Credit score:740
LTV:80%
Loan Amount:$200k
APR:3.35%
 
Call me today if you are thinking of refinancing or buying a home, for the best mortgage rate possible.

 
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The Appraisal Form 2055 or 2075, Could Save Your DEAL! - 06/12/12 04:04 PM
In this market, it is important to know every mortgage program possible.  So you can be quick to come up with a plan for problems.  When there are some issues to think about: no flooring, dry wall issues, foundation problems, etc.  How would you get around these, when any lender would require them to be repaired?  Ask the Seller to repair them, maybe…..  but good luck.  One way to answer this problem is the Appraisal Form 2055 or 2075.  Let’s go over a short explanation of both:
2055- This form is a little shorter then Appraisal form 1044(the full complete appraisal) … (2 comments)

CANCELLED:Do not Forget the FHA $1000 Collection Rule - 06/07/12 02:57 PM
The NEW FHA Collection Rule has been cancelled, per HUD’s letter on 6-15.  Which is awesome news for all buyers looking for a FHA Loan.  Please call or email me with any questions. 
 
It was delayed before but as of now the FHA Collection Account rule change is going into effect July 1st.  Here are the specifics of the rule:
HUD announced that on all FHA loans started on July 1st and after, borrowers must have collection accounts paid off(total balance over $1000).   This is a major announcement that sort of fell under the radar.   But has major ramifications.  What does … (5 comments)

Mortgage Rate Update Sugar Land, Katy, Houston, The Woodlands 6/6/12 - 06/06/12 09:21 AM
Here is your weekly interest rate update:
Conventional 30 year Mortgage: 3.625%
Credit score:740
LTV:80%
Loan Amount:$200k
APR: 3.9%
FHA 30 year:3.375%
Credit Score:640
LTV:96.5%
loan amount:$200k
APR:4.15%
Conventional 15 year:3%
Credit score:740
LTV:80%
Loan Amount:$200k
APR:3.35%
 
Call me today if you are thinking of refinancing or buying a home, for the best mortgage rate possible.

… (0 comments)

What is a Teaser Rate? And Questions You Need to Ask. - 06/06/12 09:14 AM
We have all seen the advertisement on the internet of a woman in a bikini and her quote “mortgage rates are at 2%”.   Any time you see an interest advertised that is too low to believe, it is called a Teaser Rate.  That lender is advertising that rate to get you to call and then give you a higher rate.  Teaser Rates can be found anywhere, even advertised by a local lender.  Here are 4 questions to ask yourself before you believe a Teaser Rate:
 
1.      Does it sound reasonable?- If other lenders are quoting 4% and you found a … (0 comments)

 
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David Krichmar- DaveYourMortgageguy.com

Sugar Land, TX

More about me…

www.DaveYourMortgageGuy.com, FHA, VA, USDA, HomePath, Jumbo

Address: Serving Harris, Fort Bend, Montgomery, Brazoria County, Houston, Katy, Sugar Land, Pearland, The Woodlands or anywhere in Texas!

Office Phone: (832) 689-6012

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