purchase: FHA Flipping Waiver Expired December 31, 2014 - 01/05/15 04:05 AM
January 5, 2015
by:  David Bailey, NMLS #658734
The FHA flipping waiver was not extended at the end of the year and expired December 31, 2014, so if you are looking at purchasing a home that the current owner has owned for 90 days or less, the property is not eligible for FHA financing.  Buyers, Realtors and investors need to keep this in mind when considering putting in an offer on a property or listing a property that was recently purchased.
What this means is that a buyer who wishes to use FHA financing must wait until the 91st day … (0 comments)

purchase: Preparing to purchase a home in 2015? - 12/03/14 04:12 AM
If you or your clients are looking to purchase a home in 2015 (or anytime, really) take 3 minutes to watch this video.  Things to remember during this Christmas holiday season to make sure you don't ruin your chances to qualify for a mortgage.  
ONLY 3 MINUTES - PLEASE WATCH!

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purchase: SO, DO YOU WANT A HOUSE, A CAR OR A NEW CREDIT CARD? - 04/30/14 09:42 AM
Most mortgage professionals counsel their clients regarding creating new debt, allowing others to pull their credit or caution them against making any major purchases while they are attempting to purchase a new home. Why is this? Depending on what kind of credit granting company pulls your credit, it could have a major impact on your credit score and impact your ability to qualify for the loan you seek or the interest rate you will pay for your mortgage could increase.
 
An inquiry on your credit report may seem minor, but in addition to the concerns above, this will require the … (0 comments)

 
David Bailey (RCS)

David Bailey

Fort Worth, TX

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Address: 4708 Mercantile Drive, Fort Worth, TX, 76137

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