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ARCHIVED BLOG POSTS

2010 

If you are Law Enforcement Officer, Teacher, Firefighter or an Emergency Medical Technician(EMT) you can buy a HUD foreclosed home for 50% off of the appraised value.  This program is called the Good Neighbor Next Door Program.  The 50% discount is like a 2nd mortgage that is forgiven after 3yrs....
09/30/2010
Here is your weekly interest rate update: Conventional 30 year Mortgage: 3.875% Credit score:740 LTV:80% Loan Amount:$200k APR: 4.125% FHA 30 year:4.25% Credit Score:640 LTV:96.5% loan amount:$200k APR:4.875% Conventional 15 year:3.75% Credit score:740 LTV:80% Loan Amount:$200k APR:4.25%   Call m...
09/29/2010
Here is your weekly interest rate update: Conventional 30 year Mortgage: 3.875% Credit score:740 LTV:80% Loan Amount:$200k APR: 4.125% FHA 30 year:4.25% Credit Score:640 LTV:96.5% loan amount:$200k APR:4.875% Conventional 15 year:3.75% Credit score:740 LTV:80% Loan Amount:$200k APR:4.25%   Call m...
09/29/2010
Recently TheLadders.com named the Top Metro Cities with the highest paying salaries.  Per their research the number of high paying jobs is growing.  This is great news for our economy.  Their definition of a high paying job is a salary of $100k or more.  The oil and Gas industry is growing in Hou...
09/23/2010
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Finally, USDA has funding again.  I have confirmed this with The USDA office that handles Fort Bend and Montgomery County.  This is an amazing mortgage program:   You will not need a down payment.  That's right 0%!!!  FHA loans require a down payment of 3.5% and a conventional can require 5% or m...
09/23/2010
0 Comments
Finally, USDA has funding again.  I have confirmed this with The USDA office that handles Fort Bend and Montgomery County.  This is an amazing mortgage program:   You will not need a down payment.  That's right 0%!!!  FHA loans require a down payment of 3.5% and a conventional can require 5% or m...
09/23/2010
0 Comments
Finally, USDA has funding again.  I have confirmed this with The USDA office that handles Fort Bend and Montgomery County.  This is an amazing mortgage program:   You will not need a down payment.  That's right 0%!!!  FHA loans require a down payment of 3.5% and a conventional can require 5% or m...
09/23/2010
This is extremely important information.  Currently right now there are a lot of rumors saying this affects all transactions and it does not.  Also check out Snopes.com's explanation of the 3.8% tax.  www.DaveYourMortgageGuy.com.  3.8% Real Estate Sales Tax - True or False? You may have received...
09/22/2010
15-year and 30-year are usually the most popular mortgages.  But the advantages of having a 20-year mortgage are huge.  You pay more each month, but you pay it for 10 years less.  Say your buying a house for $100k, here's how the different mortgage plans work out at 5% interest:  30-year payment ...
09/22/2010
Here is your weekly interest rate update: Conventional 30 year Mortgage: 4% Credit score:740 LTV:80% Loan Amount:$200k APR: 4.475% FHA 30 year:4.25% Credit Score:640 LTV:96.5% loan amount:$200k APR:4.875% Conventional 15 year:3.75% Credit score:740 LTV:80% Loan Amount:$200k APR:4.25%   Call me to...
09/22/2010
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David Krichmar

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