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.
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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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