home: Are You Thinking of Buying the Home Your in? 4 Things You Should Do - 07/15/12 04:29 AM
If you are buying the home you are renting, there are 4 things you should take in to consideration:
1.      Use a Title Company.  No Matter how much you like the seller’s or even if they are family, you should use a title company.  A title company makes sure the ownership of the home switches to you with none of the baggage of the seller’s.  Such as Liens on the property.  The Title company will also make sure your ownership is recorded.  This is extremely important since it officially makes you the owner.  And if you are getting a mortgage to … (0 comments)

home: DO NOT FORGET: Mortgage Insurance is Tax Deductible on Your 2011 Tax Returns - 01/31/12 03:05 AM
Well, it is that time of year.  TAX TIME!!!  And we are all looking for the most write off’s we can.  And owning a home has many.  One special deduction for the year 2011 is that you can write off Mortgage Insurance.  This was not true in the past and at this point it does not look like you will be able to write it off in 2012.  But, who knows what will happen in the future.  Here are the exact rules for being able to write off your Mortgage Insurance on your 2011 Tax Returns:
1.     Your purchase or refinance … (4 comments)

home: Buy a HUD Foreclosed Home with a Down Payment of $100, anywhere in Texas!! - 10/28/11 05:51 AM
After a short hiatus, the $100 down payment when buying a HUD Foreclosure program is back.   This is a great program if you are looking to buy a HUD foreclosure as your primary home.  Here are the general rules that you must know to qualify:
1.     This program is only when buying a HUD Foreclosure.
2.     You must buy the home for the List price or more to qualify for the $100 down payment
3.     You will still have closing costs to pay, but you can negotiate with HUD to pay all or some of them
4.     This is only when … (3 comments)

home: How can I get a Home Financed with No Oven? Here is how - 10/18/11 07:54 AM
Many times when purchasing a foreclosure, the home will be missing some items.  Some things are required for a mortgage lender to lend on the property.  Or give you a mortgage.  One of these items is the oven.  A home must have an oven to get financed.  But what do you do if the home doesn’t have one and the seller won’t install one?  Your answer is the Escrow Holdback, and here is how to structure the escrow holdback  in regards to the oven:
 
1.      Seller- When negotiating the contract you can ask the seller to do an escrow holdback.  … (4 comments)

home: I Am New To The United States, How Do I Eventually Get A Mortgage?? - 07/14/11 08:55 AM
When coming over to the US, you have a couple items to pay attention to so you can eventually get a Mortgage.   I will go over the specific things to address when you move to the United States and how to be better prepared for eventually getting a Mortgage.  Here they are: 
Your Visa- Most likely you will be here on a Visa.  You want to make sure that Visa is an approved Visa to get a mortgage.  For the list of Visa's: Immigration Visa.  If Your Mortgage Lender denied you for a mortggage because of your Visa, but it appears on this list, … (1 comments)

home: Home Buyer Tax credit for Teachers, Police Officers, Firefighters, EMT’s and other Professionals. MCC - 06/08/11 11:35 AM
There is a Home Buyer Tax Credit for Teachers, Police Officers, Teacher Aide; School Librarian; School Nurse; School Counselor, Emergency Medical Services Personnel; EMT,  Peace Officer; Corrections Officer; Juvenile Corrections Officer; County Jailer; or Public Security Officer, emergency care attendant; emergency medical technicians; emergency medical technicians - intermediate; emergency medical technicians - paramedic; or Licensed paramedic, Peace Officer, County Jailor and Corrections Officer.  This Home Buyer Tax Credit is called the MCC Home Buyer Tax Credit.  The MCC stands for Mortgage Credit Certificate and few lenders offer to do them.   I offer it and do not charge anything to do the additional … (0 comments)

home: Texas Expected to Ban Real Estate Transfer Fees - 05/27/11 06:18 AM

This is great information for Buyers and Sellers in Texas.  Like Mike Wong mentions below, this fee can be up to 1% of the sales price of the home.  So this bill would save buyers and sellers money when buying or selling a home.  www.DaveYourMortgageGuy.com. 
The Texas House and Senate have overwhelmingly voted for a bill that would ban private transfer fees on real estate. The new legislation bans new private transfer fees. Developers who have existing fees on properties must file a notice of the obligation in county property records by Jan. 31, 2012, and update it every three years, or the transfer … (4 comments)

home: Village of Creekside Park, The Woodlands TX - 05/16/11 07:32 AM

Pippa Mac has done an awesome job of providing Pictures of the Village Of Creekside Park in The Woodlands Texas.  If you are looking to Buy a home in The Woodlands, Call Pippa Today (281) 620-4899  www.PippaMAC.com.
www.DaveYourMortgageGuy.com
 
 
 

Village of Creekside Park, The Woodlands TX Texas.  The newest village of The Woodlands, is nestled in vast areas of parklands, totaling 1,850 acres.

Lakes and ponds, are the highlight of the new Village of Creekside Park. This is a true adventureland you and your family can enjoy!  Everything from hiking, swimming, fishing, kayaking and canoeing, mountain biking, birding and other creative ways to enjoy nature!
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home: Dave Your Mortgage Guy.com Testimonial- Hines - 05/09/11 05:43 AM
Dear David,                                                                             5.5.2011
Buying a house is not something most folks do very often and that certainly applies to Michelle and I. We came to a new town where we barely knew anyone and looked exhaustively for a home with the support of Sue Henry(*), our realtor. When we finally narrowed the search and were ready to get serious about making offers Sue connected us to you.
Your professionalism, attention to detail, and responsiveness made the entire process go more smoothly than we could have imagined. You walked us through unfamiliar territory and we felt entirely comfortable working with you.
Finally … (0 comments)

home: 5 Unique and Beautiful Images of Telfair!! Sugar Land, Texas Photos - 04/25/11 01:41 PM
I hope you enjoy these 5 Unique and Beautiful Images of Telfair, that I took.  Telfair is an amazing home development located in Sugar Land, Texas.  If you are looking to buy a home, you have to check out Telfair!!





 
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home: Mortgage Payment Flyer For Selling Your Home. For Sale By Owner, FSBO - 04/20/11 02:23 PM
Are you trying to sell your own home and do not know where to start?  Selling your home without a Realtor can be hard.  If you decide to sell your own home let me give you some guidance in regards to the financing.  For your home I will do a Flyer specific to the home.  It will have photos, a description and all your information for your home.  It will also have three mortgage options and the payments.  This is great information for Potential Buyers.  The flyer will have all your contact info.  I will also research any mortgage programs that … (1 comments)

home: How to find out if a House Qualifies for a USDA loan. Rural Homes - 01/24/11 04:02 AM
USDA loans are amazing mortgages.  You can qualify for 0% down payment and no mortgage insurance.  When applying for a USDA loan you must be approved for the mortgage.  And the home you are interested in must qualify for the program, also.  The home must be in a Rural area and approved by the United States Dept of Agriculture- Rural Development.  To find out if the home qualifies go to USDA.  Click on "single family housing".  Then input the address and the website will tell you if it does or does not qualify for the program.  When applying for a mortgage … (8 comments)

home: Don’t miss the Sugar Land Home and Garden Show Jan 15th and 16th - 01/07/11 10:28 AM
The Sugar Land Home and Garden Show will be January 15th (9am-7pm) and 16th(10am-6pm) at the Stafford Centre.  This will be the 1st annual event.  Tickets will be $9 for adults and $7 for seniors.  Kids under 12 are free.  Do not miss the Great Seminars and Products.  The concession food will be provided by a true Fort Bend County legend, The Swinging Door.  They have amazing barbecue.  For a $1 off Coupon check out: The Sugar Land Home and Garden Show. 
Now truly is the time to remodel or repair your home.  Or do those improvements you always wanted to … (0 comments)

home: Freddie Mac First Look Initiative Gives Homebuyers the first chance on Foreclosures - 11/05/10 07:26 AM
Freddie Mac recently announced the "First Look Initiative" program.  This program is in conjunction with their HomeSteps program.  The advantage to this program is that Freddie Mac allows homebuyers to negotiate to buy a Freddie Mac foreclosure without competition from investors.  For the first 15 days of a listing Freddie Mac will only accept offers from buyers who plan on occupying the home.  For More information check out: First Look Initiative. 
 
Don't forget the other advantages to buying a Freddie Mac Foreclosure.  Under the HomeSteps program you can receive a free 2 year home warranty and 30% discount off appliances.  … (2 comments)

home: Know your Appraisal options. Appraisal Form 1004, 2055, 2075 - 10/28/10 07:43 AM
When doing a mortgage you need to pay for an appraisal.  This is part of the mortgage process.  But, there are times where you can choose to use different appraisal forms.  These different forms offer different information that the lender requires and there are different costs for these different appraisals.  Here is an explanation of the major appraisal forms and their benefits:
 
1004- this is the complete full appraisal.  It uses comparable sales to decide a value.  It will include the appraiser coming out to your home and doing interior and exterior photos.   The majority of mortgages require this appraisal. 2055- … (1 comments)

home: Your Weekly Mortgage Rate Update for Fort Bend, Harris, Brazoria, Montgomery County or anywhere in texas. 10/27 - 10/27/10 04:37 AM
Here is your weekly interest rate update:
Conventional 30 year Mortgage: 4.125%
Credit score:740
LTV:80%
Loan Amount:$200k
APR: 4.5%
FHA 30 year:4%
Credit Score:680
LTV:96.5%
loan amount:$200k
APR:4.5%
Conventional 15 year:3.5%
Credit score:740
LTV:80%
Loan Amount:$200k
APR:4.05%
 
Call me today if you are thinking of refinancing or buying a home, for the best mortgage rate possible. 

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home: Your Weekly Mortgage Rate Update for Sugar Land, Katy, The Woodlands, Pearland, Houston or anywhere in Texas. 10/27 - 10/27/10 04:33 AM
Here is your weekly interest rate update:
Conventional 30 year Mortgage: 4.125%
Credit score:740
LTV:80%
Loan Amount:$200k
APR: 4.5%
FHA 30 year:4%
Credit Score:680
LTV:96.5%
loan amount:$200k
APR:4.5%
Conventional 15 year:3.5%
Credit score:740
LTV:80%
Loan Amount:$200k
APR:4.05%
 
Call me today if you are thinking of refinancing or buying a home, for the best mortgage rate possible. 

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home: How much home does $300,000 buy you in Houston, Texas? - 10/11/10 07:53 AM
Yahoo recently did an article on how much home you can buy for $300,000 across America.  The point of the article is that now is a great time to buy a home.  Home prices are down 22% since the peek in 2006.  The Least amount of home you can buy for $300,000 is a 576 square foot home in San Diego.   And how much home can you buy in Houston for $300k, drum roll please....... 3,176 square feet.  WOW!
 
Like the article points out, the home prices in Houston have stayed more steady then the rest majority of the U.S.  … (0 comments)

home: If Your Credit Score is Under a 640 You May Still be able to get a FHA Mortgage! - 10/11/10 07:18 AM
Many mortgage lenders and banks have recently gone to a minimum score of 640 for FHA loans(down to 620).  At Schmidt mortgage we are still doing mortgages for clients who have under a 640 credit score.    Obviously, these loans are done on a case by case example.  On these loans an underwriter wants to make sure the borrower is a strong client even thou their scores maybe lower.  Here are the requirements needed to help you get approved for your mortgage with a score under 640:
A Debt to Income Ratio of 45% of less.  This is a calculation of your … (0 comments)

home: The 20 year Mortgage could be a Hidden Treasure for you. Buying or Refinancing a Home - 09/22/10 06:03 AM
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 is $536 over 30-years you will pay $98,255 in interest.  For the 20-year is about $659 but your total interest will come to only $58,389.  If you are age 40 the house will be paid off well before you retire.  If you are 20 it will probably be paid off by … (0 comments)

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

David Krichmar

DaveYourMortgageGuy.com

Sugar Land, TX

More about me…

www.DaveYourMortgageGuy.com - Legend Lending

Address: Serving Harris, Fort Bend, Montgomery, Brazoria County, Houston, Katy, Sugar Land, Pearland, The Woodlands or anywhere in Texas!

Office: (832) 689-6012

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