RECENT BLOG POSTS
How Long Do I have to Wait to be qualified to get a Mortgage Loan 1. Derogatory events such Foreclosures, Short Sales, Deed in Lieu of and Bankruptcy will have a major negative impact on your credit score and usually decreases your credit score about 200-300 Points. Depending on how ol...
04/20/2013
1% Increase in Interest Rate will decrease your Buying Power by 11.22% Monthly Mortgage Payments are directly impacted by the Interest Rates. It means the higher interest rate, the higher monthly mortgage payment (Principal + Interest) and vice versa. I have created the following Table, Called it...
04/20/2013
List of Do’s and Don’ts After Being Approved a Mortgage Loan OK, you found your dream home and have a contract on it, got approved for the loan, waiting to close the deal. You are happy and believe you will own the house shortly and nothing can ruin your dream. Correct? Not Quiet, read the r...
04/19/2013
If you are buying a home sometimes soon and have plan to apply for a mortgage loan follow these Do’s and Don’ts recommendations: Do’s and Don’ts Prior to Applying a Mortgage Loan: About two months (if you know your credit is good) or 8-10 months (if you know you have credit issues) prior to apply...
04/19/2013
What Makes Up a Credit Score and Tips on How to Improve Your Credit Score What Makes Up a Credit Score and Tips on how to improve it? For so many years it was a secret how the credit scores are calculated. Though, not all details and calculation algorithm is known even now, however there are good...
04/18/2013
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Why is a Credit Score Important? Why is a Credit Score Important? In today’s tough economic times, where every person is being evaluated by a number (Credit Score), having a good Credit Score is an essential to enjoy an appropriate standard of living. You need to have a good credit just to rent ...
04/18/2013
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What is a Credit Score What is a Credit Score? A Credit Score is a number which is calculated, utilizing some sophisticated statistical algorithms, based on your recent (e.g., last two years or so) payment history, history of managing your credits and behavior of paying your loans, credit card, ...
04/18/2013
CAUTION: NTREIS NORTH TEXAS REAL ESTATE INFORMATION SYSTEM Comparative Market Analysis (CMA) AVERAGE RESULTS ARE WRONG CMA: (Comparative Market Analysis) MLS: (Multiple Listing Services)NTREIS: North Texas Real Estate Information System The CMA generated report from MLS provides an average Sold...
04/13/2013
USDA Map Changes Postponed Until September 2013 Last week the House passed the Senate’s revised Continuing Resolution (H.R. 933) to fund the Government for the next six months. This bill included language to not implement any changes to eligible areas for Rural Development for the next six months...
03/29/2013
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Sensei/Grasshopper Challenge, Final Report Bahman Davani and Kelly Bogan I saw the Sensei/Grasshopper Challenge in my email awarding 2000 points. I checked many of the posts and found Ms. Kelly Bogan’s question interesting, because I had the same problem and had found the reason/solution for ...
03/28/2013
Rainmaker
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547,719
Bahman Davani, CM at Texas Five Star Realty, Plano, TX (214) 457-7055
Homes for Sale in Plano, Frisco, Prosper, Allen TX
