Real estate blog entries tagged with texas by David Krichmar, DaveYourMortgageGuy.com (www.DaveYourMortgageGuy.com - Legend Lending)

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texas: Can I have 2 VA loans? You sure can, find out how. - 10/04/11 05:43 AM

If you are a veteran you can actually have 2 VA loans. You may want two VA loans if you are moving and not selling your current home. Or possibly would like to buy a new home without selling their current home. The calculation to find out if you can have two VA loans can be a little confusing. So, Here are the steps to follow when figuring out if you can have 2 VA loans:

1. Order your Certificate of Eligibility- Your Mortgage Lender can do this for you. It requires you to provide your DD-214 form. If you do not … (16 comments)

texas: When Thinking about Refinancing Your Mortgage, make sure you know the Cost vs Savings! - 09/29/11 03:09 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)

texas: Your Weekly Mortgage Rate Update For Sugar Land, Katy, Houston, Pearland, The Woodlands, Conroe or anywhere in Texas. 9/28/11 - 09/28/11 03:48 AM

Here is your weekly interest rate update:
Conventional 30 year Mortgage: 3.875%
Credit score:740
LTV:80%
Loan Amount:$200k
APR: 4.55%
FHA 30 year:3.75%
Credit Score:640
LTV:96.5%
loan amount:$200k
APR:4.85%
Conventional 15 year:3.25%
Credit score:740
LTV:80%
Loan Amount:$200k
APR:3.69%

Call me today if you are thinking of refinancing or buying a home, for the best mortgage rate possible.

… (1 comments)

texas: Boo Scarritory Spooktacular at The New Territory Club in Sugar Land, TX. 10/30 - 09/28/11 02:21 AM

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texas: Your Weekly Mortgage Rate Update For Sugar Land, Katy, Houston, Pearland, The Woodlands, Conroe or anywhere in Texas. 9/21/11 - 09/21/11 03:49 AM

Here is your weekly interest rate update:
Conventional 30 year Mortgage: 4%
Credit score:740
LTV:80%
Loan Amount:$200k
APR: 4.55%
FHA 30 year:3.75%
Credit Score:640
LTV:96.5%
loan amount:$200k
APR:4.85%
Conventional 15 year:3.25%
Credit score:740
LTV:80%
Loan Amount:$200k
APR:3.69%

Call me today if you are thinking of refinancing or buying a home, for the best mortgage rate possible.

… (1 comments)

texas: Your Weekly Mortgage Rate Update For Sugar Land, Katy, Houston, Pearland, The Woodlands, Conroe or anywhere in Texas. 9/14/11 - 09/14/11 04:44 AM

texas: New Territory Residents Your Water Bill will Increase in January (2012) - 09/07/11 05:46 AM

For those of us that live in New Territory(Sugar Land) your water bill will be increasing in January. This increase is due to the City of Sugar Land’s groundwater reduction fee which will be nearly doubling on January 1st. This fee was implemented by the city to construct a surface water plant. Now because of the annexation agreement with the City of Sugar Land, the residents of New Territory will be paying $1.58 per 1,000 gallons on Jan 1st. This is up from just $.84 per 1,000 gallons. Based on the average home using 5,000 gallons a month, this will … (1 comments)

texas: Your Weekly Mortgage Rate Update For Sugar Land, Katy, Houston, Pearland, The Woodlands, Conroe or anywhere in Texas. 9/7/11 - 09/07/11 03:25 AM

texas: I am a Firefighter, are there any Programs for Me when I Purchase a Home? - 09/06/11 09:59 AM

As a Firefighter there are programs for you for when you purchase a home. Here are the two major ones that I deal with:
1. Good Neighbor Next Door Program- Obviously any neighborhood feels safe when there is a Firefighter living there. HUD has figured this out and offers the Good Neighbor Next Door Program. It offers certain HUD foreclosures for 50% of their sales price. The 50% comes in the form of a 2nd mortgage that is forgiven after 3yrs. So you only have to pay the first mortgage of 50% of your homes sales price. To find out which homes qualify for … (0 comments)

texas: Foreign National Mortgage Program In Texas. - 09/06/11 09:27 AM

We now offer a Mortgage Program for Foreign Nationals. A Foreign National would be someone who is not a citizen, does not have a green card and/or does not have an approved Immigration Visa. Click Here: For a list of the Immigration Visa’s Approved to do a Mortgage. For our Foreign National Program here are the guidelines you will want to keep in mind:
1.      Max Loan to Value is 50%
2.      Min loan amount is $300k
3.      Jumbo Mortgages are available
4.      No Fico Score needed, will accept alternative foreign credit.
5.      Interest Only is available
6.      Must Document Income
7.      Must … (2 comments)

texas: Asset Based Mortgage Option. No Income Needed- In Texas - 09/06/11 09:07 AM

We recently came out with a mortgage program that allows us to use your assets instead of income to qualify you for a mortgage. Unlike all mortgages, with this program you do not need income. But, you do need a larger sum of assets. Then we calculate a income based on the assets, to find out if your Buyer qualifies call me today. Here are the exact guidelines on what you do need to know:
1.      Min loan amount is $300k
2.      On a purchase the max loan to value is 70%, 75% on a refinance
3.      Min credit score is 680 … (2 comments)

texas: VA Funding Fee is Lowering 10/1/11. Great News for VA Buyers!! - 09/02/11 07:11 AM

Effective with loans closed on and after October 1, 2011, the following VA Funding Fee will be lowered. For those with 0% down payment(and 1st VA loan) the VA Funding fee will go from 2.15% to 1.4%. On a $150,000 loan that will save you about $6 a month. Not huge savings, but every dollar counts in today’s market!. Here are the Changes :

Down Payment: 0 – 4.99%
There is no change in the funding fee amounts for Interest Rate Reduction Refinance loans, Native American Direct loans, or Loan assumptions.
VA Loans are unique Compared to most loans, … (4 comments)

texas: I am a Teacher, are there any Programs for Me when I Purchase a Home? - 09/02/11 06:54 AM

As a Teacher there are programs for you for when you purchase a home. Here are the two major ones that I deal with:
1. Good Neighbor Next Door Program- Obviously any neighborhood feels safe when there is a teacher living there. HUD has figured this out and offers the Good Neighbor Next Door Program. It offers certain HUD foreclosures for 50% of their sales price. The 50% comes in the form of a 2nd mortgage that is forgiven after 3yrs. So you only have to pay the first mortgage of 50% of your homes sales price. To find out which homes qualify … (0 comments)

texas: I am a Police Officer, are there any Programs for Me when I Purchase a Home? - 09/02/11 05:09 AM

As a police offer there are programs for you for when you purchase a home. Here are the two major ones that I deal with:
1. Good Neighbor Next Door Program- Obviously any neighborhood feels safe when there is a police offer living there. HUD has figured this out and offers the Good Neighbor Next Door Program. It offers certain HUD foreclosures for 50% of their sales price. The 50% comes in the form of a 2nd mortgage that is forgiven after 3yrs. So you only have to pay the first mortgage of 50% of your homes sales price. To … (0 comments)

texas: Sugar Land Central Prison Unit Officially Closed. What is Going to Be Built Now? - 08/31/11 12:30 PM

For those of us that live in Fort Bend County, we know the Sugar Land Central prison. Well, its closed. And we are all excited to see what will happen to such a large piece of Land. Mike Wong has done a great job of going over the possibilities. www.DaveYourMortgageGuy.com
The historical Sugar Land Central Prison unit established 102 years ago is now closed. The land is now under the General Land Office. Sugar Land hopes to redevelop the site plan to create a revenue generating business park and airport expansion, depending on the decisions from the General Land Office.
The valuable … (2 comments)

texas: Your Weekly Mortgage Rate Update For Sugar Land, Katy, Houston, Pearland, The Woodlands, Conroe or anywhere in Texas. 8/31/11 - 08/31/11 06:18 AM

Here is your weekly interest rate update:
Conventional 30 year Mortgage: 4.125%
Credit score:740
LTV:80%
Loan Amount:$200k
APR: 4.65%
FHA 30 year:3.875%
Credit Score:640
LTV:96.5%
loan amount:$200k
APR:4.95%
Conventional 15 year:3.25%
Credit score:740
LTV:80%
Loan Amount:$200k
APR:3.69%

Call me today if you are thinking of refinancing or buying a home, for the best mortgage rate possible.
… (0 comments)

texas: Get To Know Anja Drewes Your Sugar Land, Texas Realtor! - 08/30/11 08:32 AM

Tell us a little about yourself(work history, family, interests)
My name is Anja Drewes, I am a Realtor for Re/Max Elite.
I Graduated in Hamburg, Germany with a Major in Graphic and Art. Before getting into Real Estate, I worked in Marketing for over 12 years.
I have lived in Sugar Land / Missouri City since 1999. I am a single mother of 2 amazing children. They both attend Clements High School. They are both great athletes, we are at Swim Meets or Soccer Tournaments almost every Weekend.
I have been actively involved in many service oriented associations (including PTA's, PTO's, Women's Associations, … (0 comments)

texas: Do You Need a Loan Officer for Your Buyers? Texas– Dave Your Mortgage Guy - 08/29/11 04:33 AM

Of course you need a loan officer. And maybe at this time you are looking for a new mortgage professional to work with. You have a lot of choices to choose from for a loan officer to work with, but here are 10 reasons that separates Dave Your Mortgage Guy from my competition:

1. I go to all my closings- This makes a possible nerve wracking time for your buyer, into a smooth closing. I am there to answer questions.
2. You will be include in all emails with your Buyer- That way you are updated during the whole process. From … (0 comments)

texas: Help Fort Bend County Habitat For Humanity and Find Some Good Deals On Home Improvement Items at the Same Time!! ReStore - 08/28/11 04:08 AM

I am sure you have heard of Habitat For Humanity, it is the great program that builds homes for the less fortunate. Well, Habitat For Humanity has come up with a great Business idea. They now have the Fort Bend County Habitat for Humanity ReStore. The Store focuses on selling donated items for your home. Such items include light fixtures, furniture, sinks, tubs, tile, carpet, wood, bricks, doors, ovens, etc. Whew, I just got winded just naming all the items they carry. So not only do they have a lot of great items, but you are also helping a great cause … (2 comments)

texas: New Process to File Your Homestead Tax Exemption In Texas. Sept 1st - 08/26/11 05:27 AM

Effective Sept 1st, home owners in Texas that want to file their homestead tax exemption will have to follow a new process. In order to receive their Homestead Tax Exemption they will need to also provide:

Driver’s License or State Issued identification Card Copy of their Vehicle Registration
The address must match on all documents and be for the home that is being homestead. If the homeowner does not have a vehicle, can submit a notarized affidavit certifying that fact OR a copy of a current bill received from a utility company.

Per James Robinson of … (4 comments)

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