tax: Here is what the Fake Texas Homestead Form looks like - 04/05/18 03:02 PM
In Texas we have a homestead tax exemption which is a tax exemption that saves you on your real estate taxes yearly.  This exemption is for your primary home.  You can access this form for free online at the county appraisal district for your county.  And you can file this form for free.  With that being said one of the best scams around is a form that is mailed out to you saying they will file it for you for $35.  Not only is this company most likely not going to file it for you but also ripping you off of … (2 comments)

tax: 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)

tax: Conventional Loans with NO Mortgage Insurance. A Great Mortgage Option to Know! - 12/03/11 11:14 AM
Many times, Mortgage Insurance can be a necessary evil.  You will have mortgage insurance if you get a conventional loan and are putting less than 20% down payment.  And also if you go with a  FHA loan.  But, there is actually another option.  And it is the No Mortgage Insurance loan, otherwise known as Lender Paid Mortgage Insurance(LPMI).  To off set the lack of mortgage insurance the lender increases the rate(usually around .25% higher).  This program is based on guidelines of a regular conventional loan.  So you will need higher credit scores(680+). 
There are many benefits to this program, here … (4 comments)

tax: I am a Firefighter, are there any Programs for Me when I Purchase a Home? - 09/06/11 09:59 AM
As a Firefighter there are programs for you for when you purchase a home.  Here are the two major ones that I deal with: 
1.      Good Neighbor Next Door Program- Obviously any neighborhood feels safe when there is a Firefighter living there.  HUD has figured this out and offers the Good Neighbor Next Door  Program.  It offers certain HUD foreclosures for 50% of their sales price.  The 50% comes in the form of a 2nd mortgage that is forgiven after 3yrs.  So you only have to pay the first mortgage of 50% of your homes sales price.  To find out which homes qualify for … (0 comments)

tax: New Process to File Your Homestead Tax Exemption In Texas. Sept 1st - 08/26/11 05:27 AM

Effective Sept 1st, home owners in Texas that want to file their homestead tax exemption will have to follow a new process.   In order to receive their Homestead Tax Exemption they will need to also provide:

Driver’s License or State Issued identification Card Copy of their Vehicle Registration
The address must match on all documents and be for the home that is being homestead.  If the homeowner does not have a vehicle, can submit a notarized affidavit certifying that fact OR a copy of a current bill received from a utility company. 

Per James Robinson of … (4 comments)

tax: 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)

tax: Mortgage Insurance is Tax Deductible thru 2011 - 12/28/10 10:23 AM
President Obama has signed a bill that has extended the tax deduction of Mortgage Insurance thru 2011.  Here are the rules to remember in regards to this tax deduction:
your purchase or refinance loan must close before Dec 31st, 2011 household income must be $100,000 or less to get the full write off of the insurance premium.  the amount of the write off is reduced by 10% for every $1000 over $100k.  With it phasing out at $109,000.  meaning if you make over $109k as a household you can not write off mortgage insurance it applies to your primary home and … (1 comments)

tax: Is there a new 3.8% "sales tax" on real estate in the Health Care Bill? - 09/22/10 06:33 AM
This is extremely important information.  Currently right now there are a lot of rumors saying this affects all transactions and it does not.  Also check out Snopes.com's explanation of the 3.8% tax.  www.DaveYourMortgageGuy.com. 

3.8% Real Estate Sales Tax - True or False?
You may have received an email or heard something on Twitter about the 3.8% real estate sales tax that has recently been brought up as an issue with the Health Care Bill (HR 3200).  In the emails, the tax is railed against and brought up as an absolute for all Americans selling their homes.
But wait...maybe we should dig further.  … (0 comments)

tax: Your Woodlands Mortgage Lender. Get the Service You Expect! - 08/31/10 04:53 AM
Getting a mortgage to buy your dream home or refinance that home is a major financial decision. When making this decision, you do not want to just go with a company on the Internet that advertises a lower rate. There is more to expect from a lender, then just an advertised rate. Here is just some of the things that separates me from my competition:
 I am available 7 days a week, not just 9-5 (bank hours)  I have my own FHA and Conventional underwriter, allowing me to get answers quicker. And close your loans quicker  I am local, not a … (1 comments)

tax: Your Pearland Mortgage Lender. Get the Service you Expect! - 08/31/10 04:40 AM
Getting a mortgage to buy your dream home or refinance that home is a major financial decision. When making this decision, you do not want to just go with a company on the Internet that advertises a lower rate. There is more to expect from a lender, then just an advertised rate. Here is just some of the things that separates me from my competition:
 I am available 7 days a week, not just 9-5 (bank hours)  I have my own FHA and Conventional underwriter, allowing me to get answers quicker. And close your loans quicker  I am local, not a … (0 comments)

tax: Your Sugar Land Mortgage Lender. Get the Service you Expect! - 08/25/10 09:56 AM
Getting a mortgage to buy your dream home or refinance that home is a major financial decision.  When making this decision, you do not want to just go with a company on the Internet that advertises a lower rate.  There is more to expect from a lender, then just an advertised rate.  Here is just some of the things that separates me from my competition. 
 
I am available 7 days a week, not just 9-5 (bank hours) I have my own FHA and Conventional underwriter, allowing me to get answers quicker. And close your loans quicker I am local, not … (0 comments)

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

David Krichmar

DaveYourMortgageGuy.com

Sugar Land, TX

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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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