payment: 4 Reasons a 2nd Mortgage Maybe The Best Option When Buying a Home - 05/26/16 12:49 AM
When getting a mortgage you will want to know all your options?  And of course you want to make sure you are choosing the best mortgage for your needs.  Many times I hear that other banks do not offer 2nd mortgages or that they do not exist.  I am here to say they do exist and to explain when getting a 2nd mortgage could be best for you. 
Jumbo Loan                  
A jumbo loan is considered any loan over $417k.  So what do you do if you loan amount is over $417k?  You could get a Jumbo mortgage, but the rate for a … (0 comments)

payment: Deferred Student Loans and Your Mortgage, what you need to know! FHA, VA, Conventional Loans - 05/01/12 02:34 AM
When getting pre-approved for a mortgage it is important to know how deferred student loans are addressed.  Of course student loans are not a bad thing.  And if you are making payments on your student loans, that payment amount is taken into account.  But this article is about deferred student loans.  Here is how the 3 major mortgage loan types address deferred student loans:
1.      FHA Loan- If you have a deferred student loan, it must be deferred for 12mths or the future payment will be taken into account as a bill.  This means that the future payment is counted … (2 comments)

payment: When Thinking about Refinancing Your Mortgage, make sure you know the Cost vs Savings! - 09/29/11 03:09 AM
Over time, I have heard many explanations on what someone thinks is the benefit of refinancing their mortgage.   Some examples are “it doesn’t make sense unless i get a rate 2% lower”, “I don’t care as long as the payment is less”, etc.  The real key to a successful refinancing is actually knowing the cost vs the savings of your new loan. 
When going from a 30yr mortgage to a new 30yr mortgage(15yr to 15yr, etc) you want to divide the cost of the new  loan by your monthly savings.  So let’s say on your $200k loan you have … (4 comments)

payment: Did you know Conventional 15yr rates DO NOT penalize you for lower credit scores, unlike 30 year rates? - 07/27/11 05:55 AM
Did you know Conventional 15 year rates do not penalize you for lower credit scores, unlike 30 year rates? They do not!!  So a client with a 680 would get the same 15yr rate as a client with a 740 credit score. Lets say you are buying a home of $250,000 with a 20% down payment and you have a 675 credit score.  Your 30 year rate would be 5%(apr 5.48%), but the 15 year rate would be 3.75%(apr 4.25%).   For this example the principal part of your mortgage payment for a 30 year mortgage would be $1074 and the payment … (2 comments)

payment: 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)

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David Krichmar

Sugar Land, TX

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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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