ARCHIVED BLOG POSTS
2008
If you need to raise your credit score to qualify for a mortgage (or qualify for a better rate), ask your mortgage professional if they offer the rapid rescore service. Rapid rescore is a tool offered by some mortgage companies that allows newly documented and vertified information to be reporte...
11/28/2008
I wrote a blog a few weeks ago about what to do if you are unable to pay your student loans. I received a comment from a realtor who pointed out that the Texas Real Estate Commission would not issue or renew a license to an individual who had defaulted on a student loan. Today, the Texas Depart...
11/25/2008
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In these days of contracting credit in the mortgage market, investors who either can't document their income or who already own more than the Fannie Mae/Freddie Mac limit of four properties are left with little choice but private or "hard" money to finance their purchases. There is simply no mo...
11/25/2008
Often times I get asked what it takes to get the highest, or perfect, credit score. While having a perfect credit score might be something cool to brag about to your friends, this will not necessarily win you any additional brownie points with creditors if you already have what's considered an e...
11/19/2008
Since FHA has done away with seller funded down payment assistance programs, some buyers that would otherwise have qualified (or would otherwise have chosen to keep their money and roll the down payment into the sales price) have been looking for other options to come up with their 3% down paymen...
11/17/2008
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Over the last one to two years, major changes have occured in both the availability of certain mortgages and the guidelines that banks and lenders require in order to get loans. While many types of loans have disappeared almost completely (stated income, 100% investor loans, Sub prime loans), ot...
11/17/2008
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Almost every Saturday, I get up early and head out for a bike ride around the city. I usually ride with a friend and we always head into downtown via the Katy Trail and then figure out where to go from there. This week was no different, despite the 38 degree weather and 25 MPH winds. So we hea...
11/17/2008
Well it's tax time again. If you live in Dallas county, chances are by now you've received your official statement for your property taxes. KEY DATES AND POSSIBLE LATE FEES: Taxes are technically due on October 1st, but the city sometimes doesn't even get bills out in the mail by then. But i...
11/09/2008
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A Google search of "mortgage rates" returns slightly less than 12 million hits. Out of these millions of websites, some provide accurate data on rates and some skew their numbers so they look lower than average and/or omit the COST of a particular rate. Why would a company or website do this? ...
11/09/2008
The credit scoring models used by the three national credit repositories have long been a mystery to many consumers. While the methods used to determine credit scores have become much more transparent in recent years, many consumers still choose to take advice from friends and family members tha...
11/09/2008
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