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)

texas: Southwyck Golf Club in Pearland Scores In The Top 3 - 04/20/10 03:00 AM
This is great info from Kathy Kipp, that I wanted to pass along.  www.DaveYourMortgageGuy.com. 

Southwyck Golf Club scored in the top 3 Houston area golf courses for "Best Value" according to a recent Houston Chronicle poll. Southwyck Golf Club is a links style golf course which meanders through the Silverlake subdivision in Pearland, according to their website   http://southwyckgc.com/The Chronicle polled area golfers and found them eager to share their views on the best the game has to offer locally.
Southwyck Golf Club is a public course with very affordable rates. Several memberships are available ranging from Month to Month or Annual … (0 comments)

texas: Fannie Mae is getting tougher with Buyers who have past Foreclosures and want a new Mortgage. A MUST READ - 04/15/10 03:44 AM
Fannie Mae has recently changed their guidelines for someone with a past foreclosure, short sale or pre-foreclosure.  In short, if your buyer(s) had a foreclosure, sold the home before foreclosure and the process had started or a short sale this affects them. Here are the changes:
 
If your buyer had a foreclosure 2-4 years ago they are limited to a 80% ltv(20% down payment If they had a foreclosure 4-7 years ago they are limited to 90% (10% down payment) If the foreclosure was over 7 years ago then they qualify for the max financing  
Please keep in mind … (0 comments)

texas: FHA now accepts Electronic Signatures on Purchase Contracts(Docusign). - 04/13/10 04:35 AM
FHA has announced that they now accept electronic signatures. So if you use(and Love) Docusign, FHA now accepts those contracts. This is great news and will save some trees. Please call me with any questions.
(0 comments)

texas: Your Weekly Mortgage Rate Update for Fort Bend, Harris and Brazoria County or anywhere in Texas. 4/7 - 04/07/10 03:37 AM
Here is your weekly mortgage rate update:
Conventional 30 year Mortgage: 5.125%
Credit score:740
LTV:80%
Loan Amount:$200k
FHA 30 year:5%
Credit Score:640
LTV:96.5%
loan amount:$200k
Conventional 15 year:4.375%
Credit score:740
LTV:80%
Loan Amount:$200k
 
Please call me with any questions today.
(0 comments)

texas: Houston is #2 for lowest interest rates and mortgage delinquency - 04/01/10 05:38 AM
Forbes.com recently did an article on which major cities had the lowest mortgage rates and the lowest mortgage delinquencies.  Well, HOUSTON came in #2.  Their research was done from Jan 2008 thru Jan 2009.   Since Houston's housing market was not hit as hard as some, this kept many home owners from going delinquent on their mortgage.  The idea is that if you are underwater on your mortgage, you are most likely to walk away from the home.  This great article also implies that banks will be more open to lending in areas with lower delinquency.  As an example mortgages rates are … (2 comments)

texas: Your Weekly Mortgage Rate Update for Fort Bend, Harris, Brazoria County or anywhere in Texas - 03/31/10 03:28 AM
Here is your weekly mortgage rate update:
Conventional 30 year Mortgage: 4.875%
Credit score:740
LTV:80%
Loan Amount:$200k
FHA 30 year:4.875%
Credit Score:640
LTV:96.5%
loan amount:$200k
Conventional 15 year:4.375%
Credit score:740
LTV:80%
Loan Amount:$200k
 
Please call me with any questions today.
(0 comments)

texas: WEST UNIVERSITY PLACE, HOUSTON, TX HOME SALES - MARKET REPORT MARCH 2010 - 03/30/10 03:43 AM
This is great information for anyone looking to buy a home in the West University/Rice Area of Houston Texas. 

WEST UNIVERSITY PLACE BOUNDARIES IN HOUSTON, TX
Kirby Drive to the East, Union Pacific Railway railroad track to the West, Bellaire Boulevard/West Holcombe Boulevard to the South, and Bissonnet and Law Streets to the North.
DEVELOPMENT OF WEST UNIVERSITY PLACE IN HOUSTON, TEXAS
Commonly referred to as West University or West U for short, West University Place in Houston, Texas was developed by former Tennessee Governor Ben Hooper. His idea for a community of country homes was conceived in 1910 when Governor Hooper … (0 comments)

texas: BELLAIRE, TX - HOME SALES - MARKET REPORT - MARCH, 2010 - 03/30/10 03:39 AM
This is great information for anyone looking to buy a home in the Bellaire area of Houston Texas.

BELLAIRE, TX BOUNDARIES (LOCATED NEAR DOWNTOWN HOUSTON,TX)
Bellaire, Texas, located on both sides of Interstate Loop 610 West, is surrounded by Houston and many subdivisions including West University Place, Southside Place, Meyerland, Willow Meadows, and Afton Oaks. It's a very short distance to the Galleria, Reliant Stadium, downtown Houston, the Theater District, and the Medical Center.
BELLAIRE ZONING AND CONSTRUCTION
Bellaire is zoned for residential,commercial, and light industrial sections. The city is well known as a residential city. The city is well-liked … (0 comments)

texas: HOUSTON TEXAS HOME SALES - MARKET REPORT MARCH 2010 - 03/30/10 03:34 AM
This is great information for anyone looking to purchase a home in Houston Texas. 

HOUSTON, TX GENERAL INFORMAION
Known as both the Bayou City and Space City, Houston, Texas was founded in 1836 and named after General Sam Houston. With a population of close to 2 million, it's the 4th largest city in the United States. The city has been a dynamic center of business since the early 1900s and is also the leader in space technology, being home to NASA and the Johnson Space Center. The port area is thriving and connected to the city by the Houston Ship Channel. Other … (0 comments)

texas: MONTROSE, HOUSTON, TX HOME SALES - MARKET REPORT - MARCH 2010 - 03/30/10 03:29 AM
This is great Information about the Montrose area of Houston Texas. 

MONTROSE AREA BOUNDARIES IN HOUSTON, TX
The Montrose area in Houston, TX is generally bound by Highway 59 to the south,  Allen Parkway to the north, Bagby Street to the east and Shepherd to the west; Montrose market area boundaries expand beyond the subdivision.
Originally pronounced as if it were two words, that is, "Mont Rose", Montrose is generally bound by Highway 59 to the south, Allen Parkway to the north, Bagby Street on the east and Shepherd to the west. The Museum District is located in the southern part of Montrose … (0 comments)

texas: MEYERLAND SUBDIVISION HOMES SALES, HOUSTON, TX - MARKET REPORT -MARCH 2010 - 03/30/10 03:19 AM
This is great information about the Meyerland area in Houston Texas. 

BOUNDARIES OF MEYERLAND IN HOUSTON, TX
The boundaries of the Meyerland subdivision in Houston, TX are: South of Beechnut, North of Bellfort, West of S Post Oak and East of Chimney Rock
Meyerland is a residential area situated on the banks of the Brays Bayou at the outer southwest corner of Loop 610, just south of the city of Bellaire.Just a 15-minute drive (or less) to downtown Houston, the Texas Medical Center, the Galleria, and the Reliant Park complex, the Meyerland community boasts excellent accessibility, beautiful parks, and strong community … (0 comments)

texas: Your Weekly Mortgage Rate Update for Fort Bend, Harris, Brazoria county or anywhere in Texas - 03/24/10 03:25 AM
Here is your weekly mortgage rate update:
Conventional 30 year Mortgage: 4.875%
Credit score:740
LTV:80%
Loan Amount:$200k
FHA 30 year:4.875%
Credit Score:640
LTV:96.5%
loan amount:$200k
Conventional 15 year:4.25%
Credit score:740
LTV:80%
Loan Amount:$200k
 
Please call me with any questions today.
(0 comments)

texas: Is there a Sex Offender in your Neighborhood? find out - 03/10/10 04:10 AM
1.  There is a sex offender in almost every neighborhood.  Go to http://records.txdps.state.tx.us and click on ''Public Sex Offender Search" and enter your county or zip code.  You can also visit this site  FamilyWatchDog.
2.  "Sex Offender" means many things.  Registered sex offenders have been convicted of a variety of offenses and juveniles convicted of certain crimes in Texas are also required to register.  Thus, a 40 year old rapist and a 14 year old who emailed his friend a naked photo of his underage girlfriend are "sex offenders!"
3.  Not all people convicted of sex crimes in Texas are on … (0 comments)

texas: Your Weekly Mortgage Rate Update for Fort Bend, Harris and Brazoria County. Or anywhere in Texas - 03/10/10 02:04 AM
Here is your weekly mortgage rate update:
Conventional 30 year Mortgage: 4.75%
Credit score:740
LTV:80%
Loan Amount:$200k
FHA 30 year:4.875%
Credit Score:640
LTV:96.5%
loan amount:$200k
Conventional 15 year:4.25%
Credit score:740
LTV:80%
Loan Amount:$200k
 
Please call me with any questions today.
(0 comments)

texas: 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)

texas: Austin Texas Sold Statistics for February 2010 - Includes Austin, Cedar Park, Leander, Manor, Pflugerville, & Round Rock - 03/05/10 09:26 AM
This is great info to know for the Austin Texas area.  For your Mortgage needs, please call me today.  www.DaveYourMortgageGuy.com

Below are the market statistics for single family homes sold in February 2010 in the Austin area.
Austin
Number of Homes Sold: 469
Average Sale Price: $299,704 ($133/square foot)
Median Sale Price: $230,000
Average Days on Market: 68
Most Expensive Home Sold: $2,985,000 in Rivercrest (904 days on market)
Least Expensive Home Sold: $61,000 in Village South (17 days on market)
 
Cedar Park
Number of Homes Sold: 56
Average Sale Price: $218,928 ($94/square foot)
Median Sale Price: $196,775
Average Days on Market: 70
Most Expensive … (0 comments)

texas: Texas Loan Officers and Mortgage Brokers will now be held to a higher standard!! - 02/25/10 09:29 AM
The Texas Department of Savings and Loans will now require more of licensed Loan Officers and Mortgage Brokers.  The SAFE Act will require all LO's and Brokers to apply with the state and a credit report will be pulled.  The state wants to see financial responsibility.  The following list are items that would cause the state to consider revoking their license:
 
Bankruptcies filed within the last 10 years; Current outstanding judgments (except judgments solely as a result of medical expenses); Current outstanding tax liens or other government liens; History of and current collection accounts; Foreclosures within the past three years; … (2 comments)

texas: How to Find a Foreclosure in Fort Bend County, Harris County, Brazoria County, Sugar Land or anywhere in Texas - 02/12/10 02:26 AM
With as many foreclosures that are for sale and with more to come(unfortunately), how do you find them.  I wanted to pass along these great websites to find them:
 
HUD(govt) foreclosures: www.SouthwestAlliance.com.  Ask me how you can buy one of these homes for a down payment of $100. Fannie Mae Foreclosures- www.HomePath.com.  There are also great mortgage programs for them.  No appraisal, No mortgage insurance and a great loan for investors.  Right now Fannie Mae will pay for your appliances.  Ask me about this program also Freddie Mac Foreclosures- www.HomeSteps.com.  Foreclosures in General- www.Har.com.  This website has almost every home that is … (0 comments)

texas: $100 Down Payment for HUD foreclosures in Fort Bend County, Harris County, Brazoria County or anywhere in Texas. - 02/11/10 02:35 AM
With all the craziness in the Mortgage/Real Estate Industry i wanted to pass long info on an amazing program.  You can buy a home with just $100 as your down payment.  Here are the rules and items to remember:
This program is only when buying a HUD(govt) Foreclosure. You must buy the home for the List price or more to qualify for the $100 down payment You will still have closing costs to pay, but you can negotiate with HUD to pay all or some of them This is a FHA loan.  So the same great benefits: great rate, low mortgage … (0 comments)

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

David Krichmar

DaveYourMortgageGuy.com

Sugar Land, TX

More about me…

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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