homepath: HomePath Mortgage vs FHA Loan- Which is best for you? - 01/03/12 08:20 AM
 
Often I am asked which is a better loan for a homebuyer, A HomePath Mortgage or a FHA Loan?  It is actually not a clean cut answer for everyone.  So I wanted to take the time to go over the benefits of each.  And what you need to think about when making a decision between a HomePath or FHA mortgage.  Keep in mind this is only in regards to buying a Fannie Mae Foreclosure. 
HomePath Mortgage
The HomePath Mortgage Program is a GREAT program if you are looking to only purchase a  Fannie Mae foreclosure.  The benefits are:
No mortgage insurance- … (7 comments)

homepath: Do You Need a Loan Officer for Your Buyers? Texas– Dave Your Mortgage Guy - 08/29/11 04:33 AM
Of course you need a loan officer.  And maybe at this time you are looking for a new mortgage professional to work with.  You have a lot of choices to choose from for a loan officer to work with, but here are 10 reasons that separates Dave Your Mortgage Guy from my competition:
 
1.      I go to all my closings- This makes a possible nerve wracking time for your buyer, into a smooth closing.  I am there to answer questions.
2.      You will be include in all emails with your Buyer- That way you are updated during the whole process.  From … (0 comments)

homepath: What You Need to Know When Buying a Fixer Upper. In regards to a Mortgage - 08/15/11 06:30 AM
With so many foreclosures on the market right now, it is a very exciting time to Buy a home.  Fixer Uppers are those homes that seem like a great deal and only need a little TLC.  But, when buying one you need to do your homework.  As a Mortgage Professional, I have seen some homes that could not get financed due to needed repairs.  So here are my suggestions on what to do to make sure your Fixer Upper Home can get financed: 
1.       Inspection- Any time you are thinking of buying a home, make sure you do an Inspection.  No … (2 comments)

homepath: Your FHA, VA, USDA, HomePath Mortgage Lender for All Houston Area Zip Codes. www.DaveYourMortgageGuy.com - 07/06/11 11:03 AM
When getting a mortgage you want to make sure you in good hands.  You want to make sure you are getting a great deal and the best mortgage for you.  No Matter what Zip Code you live in I can help you with your Mortgage.  Here are just some of the Benefits of using Dave Your Mortgage Guy for your mortgage:
I'm Local- I am here in the Houston Area.  Whether you live in The Woodlands, Sugar Land or any part of the Area, I am close by. Documents- Since I am local I will go thru the mortgage documents with … (0 comments)

homepath: That Mortgage Pre-Approval Letter Ain’t Tellin You Nothin! 5 questions to ask the Lender - 06/23/11 06:28 AM
All realtors know that the "pre-approval" letter is what tells you that a buyer is pre-approved for a mortgage.  No two letters look the same, but you can bet they will have the buyers name, sales price, loan to value, owner occupied, etc.  Some letters may tell you more or less.  A buyer being pre-approved is only half the battle.  Here are 5 questions you should ask their lender:
1.       What type of Loan?- Is it FHA, VA, Conventional, HomePath, USDA, etc.  Some homes won't qualify for certain loans, is the home approved for USDA, is the Condo FHA approved, is … (4 comments)

homepath: Fannie Mae trying to sell even more homes with $1200 incentive to Realtors!! - 06/14/11 01:51 PM
Fannie Mae has once again come up with a GREAT idea to move more of their inventory of foreclosed homes.  They are now offering a $1200 incentive to realtors to sell their homes.  Some rumors are circulating, saying that this is because more Fannie Mae foreclosures will hit the market soon.  And this incentive will make room for the coming foreclosures.  Fannie Mae has come up with other great ideas to help sell their foreclosures, they off First Look program which allows only buyers that will live in the home to make an offer in the first 15 days the home is … (2 comments)

homepath: What is the Homepath Morgage Program? Fannie Mae Foreclosures - 01/27/11 09:17 AM
The HomePath Mortgage Program is a GREAT program if you are looking to purchase a  Fannie Mae foreclosure.  The HomePath program is only for Fannie Mae foreclosures.  The benefits are:
No mortgage insurance- this allows you to buy more home and/or have a lower mortgage payment No Appraisal- this saves the buyer the cost of an appraisal.  More importantly it allows your buyer to buy a home that may need some minor work/repairs.  Fannie Mae wants to sell these homes and by not requiring an appraisal it allows the home to get financed without having to fix any issues Down Payment is as little … (8 comments)

homepath: How to Find a Foreclosure in Fort Bend County, Harris County, Brazoria County, Sugar Land or anywhere in Texas - 02/12/10 02:26 AM
With as many foreclosures that are for sale and with more to come(unfortunately), how do you find them.  I wanted to pass along these great websites to find them:
 
HUD(govt) foreclosures: www.SouthwestAlliance.com.  Ask me how you can buy one of these homes for a down payment of $100. Fannie Mae Foreclosures- www.HomePath.com.  There are also great mortgage programs for them.  No appraisal, No mortgage insurance and a great loan for investors.  Right now Fannie Mae will pay for your appliances.  Ask me about this program also Freddie Mac Foreclosures- www.HomeSteps.com.  Foreclosures in General- www.Har.com.  This website has almost every home that is … (0 comments)

homepath: Buy a Fannie Mae Foreclosure and Fannie Mae will pay for new appliances for the buyer!! - 02/11/10 07:33 AM
Yes, its true.  When you buy a Fannie Mae foreclosure, Fannie Mae will pay for new Whirlpool appliances for you.  Here are the rules:
 
The Contract must be signed after Jan 28th You must close and fund on the home by April 30th or before Fannie Mae will pay up to 3.5% of the sales price toward New Whirlpool Appliances.  And will deliver them to the Buyers This is not part of the seller paid closing costs.  You can still have them pay up to 6% depending on the LTV You must request this during the negotiation of the sales price.  … (2 comments)

homepath: HomePath mortgage program for Fannie Mae Foreclosures - 10/06/09 04:05 AM
The HomePath Mortgage Program is a GREAT program if you are looking to purchase a  Fannie Mae foreclosure.  The HomePath program is only for Fannie Mae foreclosures.  The benefits are:
No mortgage insurance- this allows you to buy more home and/or have a lower mortgage payment No Appraisal- this saves the buyer the cost of an appraisal.  More importantly it allows your buyer to buy a home that may need some minor work/repairs.  Fannie Mae wants to sell these homes and by not requiring an appraisal it allows the home to get financed without having to fix any issues Down Payment is as little … (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

Email Me



Listings

Links

Archives

RSS 2.0 Feed for this blog