ARCHIVED BLOG POSTS
2010
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FHA loans will allow a parent (or immediate family member) to cosign on a loan. Unlike a conventional loan where if a parent co-signs they require a down payment of 10% or more, FHA only requires 3.5%. Here are the benefits of having a parent co sign on a FHA loan: If your buyer does not make...
03/19/2010
Here is your weekly mortgage rate update: Conventional 30 year Mortgage: 4.75% Credit score:740 LTV:80% Loan Amount:$200k FHA 30 year: 4.75% Credit Score:640 LTV:96.5% loan amount:$200k Conventional 15 year: 4.25% Credit score:740 LTV:80% Loan Amount:$200k Please call me with any questions today.
03/17/2010
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This is important info for buyers who need the USDA mortgage. Please call me today on the USDA program. Especially if you are looking to buy in the Fort Bend, Harris or Brazoria County. Or anywhere in Texas. If you have buyers in need of 100% financing, take notice! One widely popular tool f...
03/11/2010
1. There is a sex offender in almost every neighborhood. Go to http://records.txdps.state.tx.us and click on ''Public Sex Offender Search" and enter your county or zip code. You can also visit this site FamilyWatchDog. 2. "Sex Offender" means many things. Registered sex offenders have been ...
03/10/2010
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Here is your weekly mortgage rate update: Conventional 30 year Mortgage: 4.75% Credit score:740 LTV:80% Loan Amount:$200k FHA 30 year:4.875% Credit Score:640 LTV:96.5% loan amount:$200k Conventional 15 year:4.25% Credit score:740 LTV:80% Loan Amount:$200k Please call me with any questions today.
03/10/2010
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Quite often I hear from clients that another mortgage company or bank tells them that 2nd mortgages do not exist. This is usually because that company is not approved to do them or chooses to not do them. But I promise they do exist. Why would a buyer choose to do a 2nd mtg: Avoid mortgage i...
03/08/2010
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This is great info about the new Addendum on Fannie Mae Foreclosures. www.DaveYourMortgageGuy.comWOW!! Thank you all for reading my post relating to the new Fannie Mae Addendum, titled NPDC FORM 001 DATED 11-30-09. I will attempt here to answer some of the questions that have been presented to ...
03/05/2010
This is great info to know for the Austin Texas area. For your Mortgage needs, please call me today. www.DaveYourMortgageGuy.com Below are the market statistics for single family homes sold in February 2010 in the Austin area. Austin Number of Homes Sold: 469 Average Sale Price: $299,704 ($133...
03/05/2010
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 HARP Deadline Given One Year Extension The Federal Housing Finance Agency stated ...
03/05/2010
The 90 day rule for FHA loans is this: the seller must have owned the home for at least 90 days before selling it to a buyer who is using FHA financing. A while back they removed bank foreclosures from this rule. Now they have allowed individual sellers to sell their home before 90 days. This ...
03/03/2010
