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refinance: Mortgage Rate Update Sugar Land, Katy, Houston, The Woodlands 05/16/12 - 05/16/12 11:26 AM
Here is your weekly interest rate update:
Conventional 30 year Mortgage: 3.875%
Credit score:740
LTV:80%
Loan Amount:$200k
APR: 4.3%
FHA 30 year:3.5%
Credit Score:640
LTV:96.5%
loan amount:$200k
APR:4.55%
Conventional 15 year:3.125%
Credit score:740
LTV:80%
Loan Amount:$200k
APR:3.55%
Call me today if you are thinking of refinancing or buying a home, for the best mortgage rate possible.
… (2 comments)
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refinance: When Thinking about Refinancing Your Mortgage, make sure you know the Cost vs Savings! - 09/29/11 10:09 AM
Over time, I have heard many explanations on what someone thinks is the benefit of refinancing their mortgage. Some examples are “it doesn’t make sense unless i get a rate 2% lower”, “I don’t care as long as the payment is less”, etc. The real key to a successful refinancing is actually knowing the cost vs the savings of your new loan.
When going from a 30yr mortgage to a new 30yr mortgage(15yr to 15yr, etc) you want to divide the cost of the new loan by your monthly savings. So let’s say on your $200k loan you have … (4 comments)
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refinance: Your Weekly Mortgage Rate Update For Sugar Land, Katy, Houston, Pearland, The Woodlands, Conroe or anywhere in Texas. 7/6/11 - 07/06/11 11:10 AM
Here is your weekly interest rate update:
Conventional 30 year Mortgage: 4.625%
Credit score:740
LTV:80%
Loan Amount:$200k
APR: 5.05%
FHA 30 year:4.25%
Credit Score:640
LTV:96.5%
loan amount:$200k
APR:5.15%
Conventional 15 year:3.75%
Credit score:740
LTV:80%
Loan Amount:$200k
APR:4.12%
Call me today if you are thinking of refinancing or buying a home, for the best mortgage rate possible.
… (0 comments)
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refinance: Your Weekly Mortgage Rate Update For Sugar Land, Katy, Houston, Pearland, The Woodlands, Conroe or anywhere in Texas. 6/29/11 - 06/29/11 11:01 AM
Here is your weekly interest rate update:
Conventional 30 year Mortgage: 4.625%
Credit score:740
LTV:80%
Loan Amount:$200k
APR: 5.05%
FHA 30 year:4.25%
Credit Score:640
LTV:96.5%
loan amount:$200k
APR:5.15%
Conventional 15 year:3.875%
Credit score:740
LTV:80%
Loan Amount:$200k
APR:4.35%
Call me today if you are thinking of refinancing or buying a home, for the best mortgage rate possible.
… (0 comments)
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refinance: Your Weekly Mortgage Rate Update For Sugar Land, Katy, Houston, Pearland, The Woodlands, Conroe or anywhere in Texas. 6/8/11 - 06/08/11 11:02 AM
Here is your weekly interest rate update:
Conventional 30 year Mortgage: 4.375%
Credit score:740
LTV:80%
Loan Amount:$200k
APR: 5.385%
FHA 30 year:4.25%
Credit Score:640
LTV:96.5%
loan amount:$200k
APR:5.15%
Conventional 15 year:3.625%
Credit score:740
LTV:80%
Loan Amount:$200k
APR:4.5%
Call me today if you are thinking of refinancing or buying a home, for the best mortgage rate possible.
… (0 comments)
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refinance: Your Weekly Mortgage Rate Update for Fort Bend, Harris, Brazoria, Montgomery County or anywhere in Texas. 12/29/2010 - 12/29/10 11:16 AM
Here is your weekly interest rate update:
Conventional 30 year Mortgage: 4.75%
Credit score:740
LTV:80%
Loan Amount:$200k
APR: 5.25%
FHA 30 year:4.625%
Credit Score:640
LTV:96.5%
loan amount:$200k
APR:5.55%
Conventional 15 year:4.125%
Credit score:740
LTV:80%
Loan Amount:$200k
APR:4.5%
Call me today if you are thinking of refinancing or buying a home, for the best mortgage rate possible.
… (0 comments)
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refinance: When Refinancing your Mortgage do lenders/banks base your home value off of the Appraisal District Value? Nope - 12/09/10 04:58 PM
When you are refinancing your mortgage the underwriter will need a value for your home. Many people believe this value is the same as your County Appraisal District value, the same that is used for property taxes. This is not true. Instead there is a separate appraisal ordered and this new appraisal decides your home's value. The reason why is that the county appraisal district uses comparable home sales within the last 12-18+ to decide a value(per Fort Bend County Appraisal District). Why the appraisal needed for your appraisal uses comparable homes sales within 3-6mths (depending on how many homes sales … (0 comments)
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refinance: 10 Energy Efficient Money Saving Tips that take no time at all to Install - 10/18/10 05:00 PM
Yahoo recently came out with a great article on 10 money saving tips. These tips are to make your home more energy efficient. And they are all things you can do yourself and over a weekend. Here is the List:
Replace your showerhead- install a new WaterSense Showerhead. It will take you 15 minutes to install. Let's be honest, you can do it even quicker. And the cost is anywhere from $10 to $60. To find out how much water and money you could save in your home with water-saving improvements, use the calculator at EPA.gov. Add Aerators to your … (1 comments)
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refinance: If Your Credit Score is Under a 640 You May Still be able to get a FHA Mortgage! - 10/11/10 02:18 PM
Many mortgage lenders and banks have recently gone to a minimum score of 640 for FHA loans(down to 620). At Schmidt mortgage we are still doing mortgages for clients who have under a 640 credit score. Obviously, these loans are done on a case by case example. On these loans an underwriter wants to make sure the borrower is a strong client even thou their scores maybe lower. Here are the requirements needed to help you get approved for your mortgage with a score under 640:
A Debt to Income Ratio of 45% of less. This is a calculation of your … (0 comments)
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refinance: You Need to Refinance Your FHA Mortgage Before October 4th! - 08/23/10 10:14 AM
Right now rates are at an all time low. By its self is a great reason to be refinancing your mortgage. But on top of that, HUD( the government) has just recently announced that the monthly mortgage insurance will be going up to .85%-.90%. On a 30yr mortgage of $100k, this will be an increase of $29+ a month. So even if rates a really low, this change will keep you from saving more money. Here are the important reasons to refinance your FHA now:
FHA rolls into their loan, the upfront mortgage insurance. If you refinance within 5yrs after … (1 comments)
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refinance: 8 Great Reasons to Refinance Your Mortgage - 08/17/10 09:05 PM
Currently mortgage rates are at the lowest they have ever been, since mortgage rates have been monitored. Many people are looking to refinance and I wanted to point out 8 great reasons to do it.
Cut the Length of your Mortgage- With 15 year mortgages being at an all time low of 3.75%(at the time of writing) now is the best time to reduce the term of your mortgage. If you have a 30 year mortgage it is worth looking into reducing your term to a 10, 15 or 20 year mortgage. You may be able to reduce your length … (1 comments)
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refinance: Your Weekly Rate Update for Fort Bend, Harris, Brazoria, Montgomery County, or anywhere in Texas. 8/11 - 08/11/10 11:58 AM
Here is your weekly mortgage rate update:
Conventional 30 year Mortgage: 4.25%
Credit score:740
LTV:80%
Loan Amount:$200k
APR: 4.875%
FHA 30 year:4.25%
Credit Score:640
LTV:96.5%
loan amount:$200k
APR:5.95%
Conventional 15 year:3.75%
Credit score:740
LTV:80%
Loan Amount:$200k
APR:4.05%
Call me today if you are thinking of refinancing or buying a home, for the best mortgage rate possible.
… (0 comments)
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refinance: Now Is The Best Time to Buy a Home or Refinance Your Home - 07/28/10 02:43 PM
As I am sure you know the homebuyer tax credit is gone. But do not fear, now is even a better time to buy a home. Below is part of an article from the Ohio Association of Realtors:
"Missing the tax credit deadline might have seemed like a big mistake to some home buyers, but waiting could have been the smartest thing to do.
Interest rates have fallen so dramatically since April 30th that the typical purchaser of a $350,000 home, financed with a $280,000 mortgage, would have saved a bundle by waiting until May.
At April's average rate of 5.34%, … (0 comments)
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refinance: Can You Live in 89 Square Feet? - 07/19/10 11:50 AM
This is a very interesting story and I wanted to pass it along. www.DaveYourMortgageGuy.com
Via Rich Edgley (Greater Chicagoland Home Inspection):
I read an article the other day about a gentleman named Jay Shafer, who gave up living in his 4000 square foot home to live in a hand built 89 square foot house. Amazingly, by taking some of the design styles that Frank Lloyd Wright incorporated into his architecture, Jay was able to build a house that has all the amenities needed without all the extra "stuff" that others tend to collect over the years. The house, he lovingly calls "Tumbleweed" … (1 comments)
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refinance: Now is the time to refinance. 15yr mtg has a rate of 4.125% and 30yr is 4.5%!! - 05/25/10 12:12 PM
Now is the time to refinance your mortgage. The rate for a 15yr mortgage today is 4.125%. This is an amazing rate and by refinancing to a 15 year mortgage you will be cutting the term of your loan in almost half. Saving you money. Or maybe refinance into a lower rate on a 30yr mortgage, the rate today is 4.5%. FHA rates for a 30yr mortgage are also 4.5% today. This will lower your monthly payment. If you would like to see what I can do to lower your payment or length of your mortgage please call me today.
These rates … (0 comments)
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refinance: Home Affordable Refinancing Program Deadline Given One Year Extension - 03/05/10 04:52 PM
This is great info, that i wanted to pass along. Call me today if you live in Fort Bend County, Harris County or any where in Texas and are interesting in having this program help you. www.DaveYourMortgageGuy.com
Via Gerry Michaels (Community Benefits Real Estate, Gettysbrug, Pa):
HARP Deadline Given One Year Extension
The Federal Housing Finance Agency stated today that the Home Affordable Refinancing Program (HARP) would be exptened for one more year. The program which is in place to assist homeowners with Fannie Mae or Freddie Mac loans with little or no equity in their homes. The program assists homeowners … (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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