texas: Northwest Central Texas Mortgage Credit Certificate Tax credit program (MCC) has Funds!! - 05/30/10 08:29 AM
The Mortgage Credit Certificate tax credit program(MCC) for the Northwest Central Texas area has just announced that they now have funds for this program.  They have over $2.9 million of funds for this program but will disperse the funds on a first come first served basis.  This program covers the counties of Erath, Hood, Johnson, Palo Pinto, Parker, Somervell and Wise.  If you are not familiar with the MCC program, here are the highlights. 
 
The MCC tax credit allows you to save up to $2000 a year off your income taxes.  This is a refund of up to $2000 off their income … (0 comments)

texas: Your Weekly Mortgage Rate Update for Fort Bend County, Harris County, Brazoria County or anywhere in Texas. 5/26 - 05/26/10 05:01 AM
Here is your weekly mortgage rate update:
Conventional 30 year Mortgage: 4.75%
Credit score:740
LTV:80%
Loan Amount:$200k
APR: 5.%
FHA 30 year:4.5%
Credit Score:640
LTV:96.5%
loan amount:$200k
APR:5.15%
Conventional 15 year:4.25%
Credit score:740
LTV:80%
Loan Amount:$200k
APR:4.5%
 
Please call me with any questions today.
(1 comments)

texas: Now is the time to refinance. 15yr mtg has a rate of 4.125% and 30yr is 4.5%!! - 05/25/10 05:12 AM
Now is the time to refinance your mortgage.  The rate for a 15yr mortgage today is 4.125%.  This is an amazing rate and by refinancing to a 15 year mortgage you will be cutting the term of your loan in almost half.  Saving you money.  Or maybe refinance into a lower rate on a 30yr mortgage, the rate today is 4.5%.  FHA rates for a 30yr mortgage are also 4.5% today.  This will lower your monthly payment.  If you would like to see what I can do to lower your payment or length of your mortgage please call me today. 
 
These rates … (0 comments)

texas: Disputed accounts on Your Credit Report are now a problem! - 05/25/10 03:46 AM
Recently, Mortgage Underwriting Guidelines have changed.  You can no longer have a disputed account on your credit report and get approved for a mortgage.  It must be removed, in order to get approved.  When you have a disputed account it is taken out of the scoring model, causing the underwriter to not get a fair and complete picture of your credit situation.  You must get this disputed account removed before the file goes into underwriting or before you can close on your mortgage.  Keep in mind the process of removing a disputed account can take 30-60 days.  Here is my suggested … (4 comments)

texas: City of McKinney Mortgage Credit Certificate tax credit program (MCC) has funds! - 05/21/10 05:05 AM
The Mortgage Credit Certificate tax credit program(MCC) for the City of McKinney has just announced that they now have funds for this program.  They have over $3.2 million of funds for this program but will disperse the funds on a first come first served basis.  If you are not familiar with the MCC program, here are the highlights. 
 
The MCC tax credit allows you to save up to $2000 a year off your income taxes.  This is a refund of up to $2000 off their income taxes every year that you are in the home!!!!!! it is also available for any home … (0 comments)

texas: Tarrant County Mortgage Credit Certificate tax credit program (MCC) has funds! - 05/21/10 04:58 AM
The Mortgage Credit Certificate tax credit program(MCC) for the Tarrant County has just announced that they now have funds for this program.  They have over $6.5 million of funds for this program but will disperse the funds on a first come first served basis.  If you are not familiar with the MCC program, here are the highlights. 
 
The MCC tax credit allows you to save up to $2000 a year off your income taxes.  This is a refund of up to $2000 off their income taxes every year that you are in the home!!!!!! it is also available for any home in … (0 comments)

texas: Denton County Mortgage Credit Certificate tax credit program (MCC) has funds! - 05/20/10 08:23 AM
The Mortgage Credit Certificate tax credit program(MCC) for the Denton County has just announced that they now have funds for this program.  They have over $2.5 million of funds for this program but will disperse the funds on a first come first served basis.  If you are not familiar with the MCC program, here are the highlights. 
 
The MCC tax credit allows you to save up to $2000 a year off your income taxes.  This is a refund of up to $2000 off their income taxes every year that you are in the home!!!!!! it is also available for any home in … (0 comments)

texas: Fort Bend County Mortgage Credit Certificate tax credit program (MCC) has funds! - 05/20/10 08:15 AM
The Mortgage Credit Certificate tax credit program(MCC) for the Fort Bend County has just announced that they now have funds for this program.  They have over $5.8 million of funds for this program but will disperse the funds on a first come first served basis.  If you are not familiar with the MCC program, here are the highlights. 
 
The MCC tax credit allows you to save up to $2000 a year off your income taxes.  This is a refund of up to $2000 off their income taxes every year that you are in the home!!!!!! it is also available for any home … (0 comments)

texas: City of Dallas Mortgage Credit Certificate tax credit program (MCC) has funds! - 05/20/10 08:06 AM
The Mortgage Credit Certificate tax credit program(MCC) for the City of Dallas has just announced that they now have funds for this program.  They have over $13.5 million of funds for this program but will disperse the funds on a first come first served basis.  If you are not familiar with the MCC program, here are the highlights. 
 
The MCC tax credit allows you to save up to $2000 a year off your income taxes.  This is a refund of up to $2000 off their income taxes every year that you are in the home!!!!!! it is also available for … (0 comments)

texas: Montgomery County Mortgage Credit Certificate tax credit program (MCC) has funds! - 05/20/10 07:48 AM
The Mortgage Credit Certificate tax credit program(MCC) for Montgomery County has just announced that they now have funds for this program.  They have over $6 million of funds for this program but will disperse the funds on a first come first served basis.  If you are not familiar with the MCC program, here are the highlights. 
 
The MCC tax credit allows you to save up to $2000 a year off your income taxes.  This is a refund of up to $2000 off their income taxes every year that you are in the home!!!!!! it is also available for any home … (0 comments)

texas: Your Weekly Mortgage Rate Update for Fort Bend County, Harris County, Brazoria County or anywhere in Texas. 4.5% on a FHA loan!! 5/19 - 05/19/10 03:59 AM
Here is your weekly mortgage rate update:
Conventional 30 year Mortgage: 4.75%
Credit score:740
LTV:80%
Loan Amount:$200k
APR: 5.%
FHA 30 year:4.5%
Credit Score:640
LTV:96.5%
loan amount:$200k
APR:5.15%
Conventional 15 year:4.125%
Credit score:740
LTV:80%
Loan Amount:$200k
APR:4.375%
 
Please call me with any questions today.
(0 comments)

texas: As of June 1st, a credit report will be pulled right before closing. A MUST READ! - 05/17/10 02:54 AM
Fannie Mae has announced that as of June 1st a new credit report will be required before closing.  This is so the underwriter knows if any new credit was opened or applied for.  If a new credit pull or inquiry is found, it will need to be documented.  Keep in mind that this will be painful since it may take days to track down the proof it was or wasn't opened.  And also what the payment of this new credit account is.  Since this credit check is happening right before closing a worse case scenario is the closing being delayed.  Or … (5 comments)

texas: USDA Funds are Exhausted - 05/14/10 04:45 AM
USDA Funds have been exhausted.  I have mentioned in the past that this was coming.  The House of Representatives has passed Rural Housing Preservation and Stabilization Act of 2010 (H.R. 5017).   To allocate more funds to this program.  But, it is currently in the Senate and it has not been passed.  There has been a significant increase in demand for USDA loans as a result of the economic crisis over the past two years.  The number of rural home loans has tripled since 2006, while federal funding has failed to keep up with the growth of the program. Please check my … (6 comments)

texas: Your Weekly Mortgage Rate Update for Fort Bend County, Brazoria County, Harris County or anywhere in Texas. 5/12 - 05/12/10 04:22 AM
Here is your weekly mortgage rate update:
Conventional 30 year Mortgage: 4.75%
Credit score:740
LTV:80%
Loan Amount:$200k
APR: 5.%
FHA 30 year:4.625%
Credit Score:640
LTV:96.5%
loan amount:$200k
APR:5.30%
Conventional 15 year:4.25%
Credit score:740
LTV:80%
Loan Amount:$200k
APR:4.5%
 
Please call me with any questions today.
(0 comments)

texas: Excellent Marketing Effort - Chase 1% Cash Back on New Chase Mortgages - 05/10/10 03:41 AM
This is fantastic information and i wanted to pass it along.  www.DaveYourMortgageGuy.com. 

If you saw the Commerical and are interest in Details about the Program, you can find the information here https://www.chase.com/chf/mortgage/mcb-details 
My opinion the offer is a great marketing effort by them however in reality the savings may not be as beneficial as the commercial might make some consumers believe.  
First, The 1% sounds like alot.   The reality is it is 1% of your Monthly Principle and Interest Payment.  Using their calculator I changed the loan amount to $100,000 and the rate of interest to 5.00%.  The "Annual Cash Back … (0 comments)

texas: Your Weekly Mortgage Rate Update for Fort Bend County, Harris County, Brazoria County or anywhere in Texas. 5/5 - 05/05/10 04:56 AM
Here is your weekly mortgage rate update:
Conventional 30 year Mortgage: 4.75%
Credit score:740
LTV:80%
Loan Amount:$200k
APR: 5.%
FHA 30 year:4.75%
Credit Score:640
LTV:96.5%
loan amount:$200k
APR:5.30%
Conventional 15 year:4.25%
Credit score:740
LTV:80%
Loan Amount:$200k
APR:4.5%
 
Please call me with any questions today.
(0 comments)

texas: Don't worry if you missed out on the $8000 or $6500 homebuyer tax credit. This tax credit is even Better!! - 05/03/10 03:50 AM
Don't worry if you missed the chance of getting the $8,000 or $6500 homebuyer tax credit.  I have an even better tax credit for you, the Mortgage Credit Certificate(MCC) tax credit.  Here are the specific's of the MCC tax credit:
 
The MCC tax credit allows you to save up to $2000 a year off your income taxes.  This is a refund of up to $2000 off their income taxes every year that you are in the home!!!!!! it is available for any home in the Houston area, Harris County, Fort Bend County or any where in Texas. There is a 1%(of … (0 comments)

texas: USDA Mortgages should have funds soon!! - 04/28/10 04:05 AM
Yesterday (april 27th) the House of Representatives passed Rural Housing Preservation and Stabilization Act of 2010 (H.R. 5017).  This will allow for USDA mortgages to have funding again.  It is in the Senate now for voting and should be passed soon.  This is great news!  There has been a significant increase in demand for USDA loans as a result of the economic crisis over the past two years.  The number of rural home loans has tripled since 2006, while federal funding has failed to keep up with the growth of the program. As a result, the current program is expected to … (0 comments)

texas: Your Weekly Mortgage Rate Update for Fort Bend County, Harris County, Brazoria county or anywhere in Texas 4/28 - 04/28/10 02:48 AM
Here is your weekly mortgage rate update:
Conventional 30 year Mortgage: 4.875%
Credit score:740
LTV:80%
Loan Amount:$200k
APR: 5.125%
FHA 30 year:4.75%
Credit Score:640
LTV:96.5%
loan amount:$200k
APR:5.30%
Conventional 15 year:4.25%
Credit score:740
LTV:80%
Loan Amount:$200k
APR:4.5%
 
Please call me with any questions today.
(0 comments)

texas: Your Weekly Mortgage Rate Update for Fort Bend, Harris, Brazoria County or anywhere in Texas. 4/21 - 04/21/10 03:33 AM
Here is your weekly mortgage rate update:
Conventional 30 year Mortgage: 4.875%
Credit score:740
LTV:80%
Loan Amount:$200k
APR: 5.125%
FHA 30 year:4.75%
Credit Score:640
LTV:96.5%
loan amount:$200k
APR:5.30%
Conventional 15 year:4.25%
Credit score:740
LTV:80%
Loan Amount:$200k
APR:4.5%
 
Please call me with any questions today.
(1 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!

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