second: Have You been Denied for a Loan because of more than 4 Mortgages? - 09/20/12 03:30 AM
Have you been denied a loan because you have too many mortgages?  Many mortgage companies/Banks require that you do not have more than 4 financed properties(properties with mortgages).  This means you can own as many properties as you want but can not have more than 4 properties that have mortgages.   I am actually able to do loans even if you have more than 4 financed properties.  And can actually do a loan for someone who has up to 10 financed properties.  And if you need a mortgage for your primary home, it does not matter how many other mortgages you have … (0 comments)

second: A True Fort Bend County Legend: Larry Callies - 04/14/11 09:05 AM
No matter where you live there are people who stand out or should stand out.  Politicians, police officers, teachers, athletes, etc.  Some people call them home town heroes or legends.  Fort Bend County's own Larry Callies is someone who should get more attention than he does.  When I met Larry he was the super cool, informative and entertaining cowboy at the  George Ranch in Richmond Texas.  Larry is African American and as a True Cowboy, that is an accomplishment in itself.  Infact he was the second Black Cowboy ever to make the Texas State Rodeo in 1971.  The first was Tex … (3 comments)

second: When is getting a Second Mortgage the best option for you? - 01/17/11 05:55 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 conventional loan with a loan amount over $417k.  So what do you do if you loan amount is over $417k?  You could get a Jumbo … (3 comments)

second: 8 Great Reasons to Refinance Your Mortgage - 08/17/10 02:05 PM
Currently mortgage rates are at the lowest they have ever been, since mortgage rates have been monitored.  Many people are looking to refinance and I wanted to point out 8 great reasons to do it.
Cut the Length of your Mortgage- With 15 year mortgages being at an all time low of 3.75%(at the time of writing) now is the best time to reduce the term of your mortgage.  If you have a 30 year mortgage it is worth looking into reducing your term to a 10, 15 or 20 year mortgage.  You may be able to reduce your length … (1 comments)

second: 2nd mortgages do exist. I promise!! - 03/08/10 05:41 AM
Quite often I hear from clients that another mortgage company or bank tells them that 2nd mortgages do not exist.  This is usually because that company is not approved to do them or chooses to not do them.  But I promise they do exist.  Why would a buyer choose to do a 2nd mtg:
Avoid mortgage insurance.  Many times avoiding mortgage insurance is beneficial for a couple reasons: a lower payment and the interest is tax deductible.  Over the long term mortgage insurance is not tax deductible. They have a home to sell and do not have the 20% down … (6 comments)

David Krichmar, ( - Legend Lending) Rainmaker large

David Krichmar

Sugar Land, TX

More about me… - 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




RSS 2.0 Feed for this blog