Real estate blog entries tagged with mortgage by David Krichmar, DaveYourMortgageGuy.com (www.DaveYourMortgageGuy.com - Legend Lending)

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mortgage: Pay Attention to Your Credit Cards Fees, They maybe trying to trick you. - 08/04/10 06:15 AM

Yahoo.com recently had a great article on the new changes many credit card companies are making. The Credit Card Accountability Responsibility and Disclosure Act of 2009, known as the Card Act was suppose to help the consumer against unfair credit card fees. Since this Act could lose the credit card companies $390 million in revenue, they have come up with some ways to get that money back. Here are just some of the tricky ways they are trying to do it:

Increasing Rates- Per the new Act the credit card companies are not allowed to increase your rate on your … (1 comments)

mortgage: Your Weekly Mortgage Rate Update for Fort Bend, Brazoria, Montgomery, Harris County or anywhere in Texas. 7/4 - 08/04/10 04:33 AM

Here is your weekly mortgage rate update:
Conventional 30 year Mortgage: 4.25%
Credit score:740
LTV:80%
Loan Amount:$200k
APR: 4.875%
FHA 30 year:4.25%
Credit Score:640
LTV:96.5%
loan amount:$200k
APR:5.95%
Conventional 15 year:3.75%
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.
… (0 comments)

mortgage: Your Weekly Mortgage Rate Update for Sugar Land, Pearland, The Woodlands, Houston or anywhere in Texas. 7/4 - 08/04/10 04:29 AM

mortgage: Conroe Market Report - 08/03/10 06:35 AM

This is great info if you are thinking of buying a home in the Montgomery County(Texas) area. www.DaveYourMortgageGuy.com.

MARKET REPORT - MONTGOMERY COUNTY
MLS area 19: Conroe and the immediate surrounding area.
MLS area 19, one of four MLS areas that comprise Montgomery County, is the third most active MLS area in our county. It normally averages about 15% of this county's home sales. So how did it do in the first six months of 2010 versus 2009? The answer is............ FANTASTIC!
Single family residence sales increased an astonishing 27.76% over the first six months of 2009. Yes that's correct. A 27.76% … (0 comments)

mortgage: 16 straight months of inventory drop in Steiner Ranch, Austin, TX!!! - 08/03/10 06:27 AM

This is great information if you are looking to buy a home in Austin,Texas. www.DaveYourMortgageGuy.com.

As anticipated, closings in the River North area dropped in July as most of the tax credit sales closed in June. (Area market report link is below)
Steiner Ranch continues to maintain a robust rebound with its 16th straight month in inventory declined combined by 6 straight months of sales increases. WOW!
STEINER RANCH COMMUNITY TOUR CLICK ON PICTURE Though some price ranges’ MOI are abnormally high, we are seeing improvement, save the $1mm to $1.5mm price range.
As noted many times before, … (0 comments)

mortgage: Top 10 Cities with the Lowest Cost of Living, McAllen and Harlingen make the List - 08/02/10 07:00 AM

Klipinger.com just released their ranking of the top 10 least expensive cities to live in. They compiled their rankings based on the ACCRA Cost of Living Index produced by the Council for Community and Economic Research. The Index measures relative price levels for housing, utilities, transportation, grocery items, health care and miscellaneous goods and services (it does not include taxes). So their research covers all aspects of life. Here are the two cities in Texas that made the list:

3. Harlingen- It is the southernmost city in Texas. The cost of housing is below the national average. Harlingen is … (1 comments)

mortgage: 5 Things you SHOULD always RECYCLE - 07/30/10 04:18 AM

1. ELECTRONICS - You'll keep toxic materials like lead, mercury, cadmium, arsenic, & brominated flame retardants out of landfills. And useful materials will be recovered, saving energy & resources.
2. RECHARGEABLE BATTERIES - Batteries contain heavy metals & other chemicals best kept out of the waste stream.
3. COMPACT FLUORESCENT LIGHT BULBS - Use 75% less energy than incandescent light bulbs but contain a small amount of mercury so they should not be thrown in the trash.
4. PLASTIC BAGS - They're made from petroleum, a non-renewable resource & when thrown away they take a very long time to decompose.
5. … (4 comments)

mortgage: The Woodlands - 07/29/10 06:09 AM

This is great information if you are interested in buying a home in The Woodlands(TX). www.DaveYourMortgageGuy.com

MARKET REPORT - MONTGOMERY COUNTY
MLS area 15: Oak Ridge, Shenandoah, The Woodlands and west to the county line
MLS area 15, one of four MLS areas that comprise Montgomery County, is the most active MLS area in our county. It normally averages about 55% of this county's home sales. So how did it do in the first six months of 2010 versus 2009? The answer is............ not bad at all.
Single family residence sales increased 11.61% over the first six months of 2009. … (0 comments)

mortgage: You have a chance to win a $25 Gift Card when parking at Town Square in Sugar Land - 07/28/10 11:18 AM

Sugar land Town Square currently has a parking campaign. Now thru the rest of the Summer they will award a $25 town square gift card to random winners. These winners must park in any of the 3 FREE parking Garages. Park for free and Good Luck winning a Gift Card. For more information go to Town Squares website www.sugarlandtownsquare.com. Here is a map of where the parking garages are located.

… (0 comments)

mortgage: Man fights to park in his own Driveway - 07/28/10 08:36 AM

My Fox in Tampa Bay(www.myfoxtampabay.com) recently reported about A.J. Vizzi and his fight to park in his own drive way. When A.J. moved into his home he was told he could park in his driveway. This was important to him since his truck is oversized for his garage. The Eagles Masters Assoc, his homeowners assoction said he was in violation and could not park his truck there. A.J. took them to court and 2 years later the case was ruled in his favor. The HOA challenged the verdict and finally it was settled for $187k which covered AJ's legal fees. What … (7 comments)

mortgage: Now Is The Best Time to Buy a Home or Refinance Your Home - 07/28/10 07:43 AM

As I am sure you know the homebuyer tax credit is gone. But do not fear, now is even a better time to buy a home. Below is part of an article from the Ohio Association of Realtors:
"Missing the tax credit deadline might have seemed like a big mistake to some home buyers, but waiting could have been the smartest thing to do.
Interest rates have fallen so dramatically since April 30th that the typical purchaser of a $350,000 home, financed with a $280,000 mortgage, would have saved a bundle by waiting until May.
At April's average rate of 5.34%, … (0 comments)

mortgage: Your Weekly Mortgage Rate Update for Sugar Land, Pearland, Houston or anywhere in Texas. 7/28. 3.75% on a 15yr mortgage - 07/28/10 04:52 AM

mortgage: Your Weekly Mortgage Rate Update for Fort Bend County, Harris County, Brazoria County or anywhere in Texas. 7/28 - 07/28/10 04:43 AM

mortgage: THE WOODLANDS HIGH SCHOOL RECEIVES TOP HONOR! - 07/28/10 04:00 AM

This is great information about The Woodlands High School by Paula Hamilton and I wanted to pass it along. www.DaveYourMortgageGuy.com.

THE WOODLANDS HIGH SCHOOL RECEIVES TOP HONOR! The Woodlands Township presented a Certificate of Recognition to The Woodlands High School for winning the Lone Star Cup. This makes the third year in a row for the high school to win this prestigious award.
The Lone Star Cupaward recognizes high schools in Texas who have strong athletic and academic programs. The University Interscholastic League (UIL), accumulates points through the year based on performances in athletics at the district and state … (2 comments)

mortgage: Houston Real Estate Market Report – June 2010 - 07/27/10 04:16 AM

This is good information if you are interested in buying a home in Houston, Texas. www.DaveYourMortgageGuy.com

Even with the ending of the Federal First Time Homebuyers Tax Credit, Houston Realtors are still reporting positive growth. In June of 2010, the Houston Real Estate Market showed a 2.9% increase in single family sales compared to June of 2009. Sales volume in all price sectors showed gains with the exception of the $150,000 - $250,000 sector. There are many reasons why this portion of the market did not see positive growth. One nice surprise was a 4.1% increase in the $500,000 and up … (0 comments)

mortgage: Your Child(and you) will LOVE Stomping Grounds Playland in Sugar Land, Texas - 07/26/10 11:49 AM

Stomping Grounds Playland might be the greatest invention for Parents since the TV!! Well maybe not that great but close. Stomping Grounds Playland is located in Sugar Land(Texas) at 15415b Southwest Freeway. Now that you know where to find it lets talk about why it is amazing. Just like the name mentions it is a play land for your little one. It has sliders, mazes, mats, etc. There is a section for 3yr olds and younger and one for 3 and over.

I can say from personal experience that this place can keep a 3yr old busy for 3hrs if … (0 comments)

mortgage: Top 10 Real Estate Web Sites- based on Visits - 07/26/10 06:22 AM

Marketingcharts.com recently released the list of the top ten Real Estate websites for May 2010. This list is based on the number of visits to these sites. Here is the List of the Sites and the % of their market share of visits:
Realtor.com-6.15% Yahoo! Real Estate- 4.31% Zillow-4.11% Rent.com-2.79% Trulia.com-2.66% ZipReality-2.44% MSN Real Estate 1.94% Homes.com-1.79% Apartment Guide-1.54% Re/Max Real Estate-1.42% While the %'s change monthly and some sites move in and out of the list, the top 6 websites have stayed in that order for March, April and May. www.Hubspot.com provided me with this information. I hope you find it helpful.

… (3 comments)

mortgage: FHA Case Numbers- What you need to know and how it affects you - 07/23/10 05:41 AM

When a lender starts a FHA loan they must apply for a Case Number thru FHA. Only one case number can be attached to a buyer and property. Here is how a FHA case number can be an inconvenience to you and your clients:

Your buyer applies with one bank/lender but decides to go with another. The second lender must get the original case number transferred to them. This can take one day to a week or longer, it depends on how friendly that previous lender is. I dealt with a large bank that had a case number and took … (1 comments)

mortgage: Cost Savings Tips for Second Home Buyers - 07/21/10 10:46 AM

This is great information if you own a Second Home. www.DaveYourMortgageGuy.com.

Most homes can save 25% to 50% or more energy. So when you are investing in a second and/or vacation home like the one you see in the photo here, you may want to look in to cost saving ideas. Many of these ideas also are “eco-friendly.” When making the investment in a second home here are 5 things you can look into:
1. A home energy audit is the first step in figuring out your costs and potential savings. Get a home energy audit.Here is a link where you … (1 comments)

mortgage: FHA Seller contribution going from 6% to 3%- you have a vote on this!! - 07/21/10 04:25 AM

FHA is thinking of reducing the seller contribution from 6% to 3%. But they are asking for your input on this topic. Your comment does not need to be a "yes" or "no". Maybe you think the seller contribution should be based on the sales price or credit score. Here is the link to give your thoughts: http://www.regulations.gov/search/Regs/home.html#documentDetail?R=0900006480b1a605. Click on "submit comment" on the top right. Part of the possible changes also include the increase of the min credit score for the min down payment of 3.5% or more of a down payment. But most lenders require a min credit score … (0 comments)

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