7: 7 Things You MUST Tell Your Loan Officer when Applying for a Mortgage - 02/01/12 09:52 AM
When getting a mortgage you want to make sure your Loan Officer(Mortgage Banker or Broker) knows as much information as possible.  The more information, the better.  And unfortunately, if you do not tell them they won’t know.  And not knowing can cause your loan to be denied.  Here are 7 major things you MUST tell your loan officer when applying for your Mortgage:
1.     I am Paid Commission-   If you are paid commission you have to tell your loan officer.  This is, because commission income is treated differently than someone who is paid a salary.  If you are paid commission … (4 comments)

7: MAJOR ANNOUCEMENT: Conventional loans now need 7yrs from a Finished Foreclosure to get Approved - 01/11/12 07:37 AM
In a recent move, Fannie Mae and Freddie Mac changed their guidelines in regards to foreclosure history.  Now on all conventional loans no matter the loan to value or down payment amount, the borrower must be 7 years removed from a foreclosure.  This changed from the 4yrs that were needed based on a 20% down payment and longer time periods needed for lower down payments.  This does not affect FHA loans, luckily.  As they only require 3yrs removed from a foreclosure. 
Keep in mind this can affect clients who had a short sale transaction in their past.  As many short … (0 comments)

7: 7 Simple Steps to Build and Promote Your Facebook Fan Page - 06/28/11 03:56 AM

Rebekah, has written an awesome post on how to promote your Facebook page.  In my opinion having a fan page is more important that your Facebook page.  And also don't forget to use a button to direct folks to your Facebook page.  www.DaveYourMortgageGuy.com 

With over 500 million users, Facebook is now used by 1 in every 13 people on earth and of those people; the majority are now spending more time on Facebook than watching TV. With statistics like that, is it any wonder that more than 3 million businesses have moved their marketing dollars to Facebook. If you haven’t created … (0 comments)

David Krichmar, DaveYourMortgageGuy.com (www.DaveYourMortgageGuy.com - Legend Lending) Rainmaker large

David Krichmar


Sugar Land, TX

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