mortgage facts: One More Chance? - 06/15/11 05:20 AM
Fixed Rate mortgages are at their lowest level for 2011 as reported in the current Freddie Mac weekly Primary Mortgage Market Survey. Many qualified buyers missed the opportunity last fall in October and November to refinance at record low rates. This may give homeowners one more chance to refinance and save money on their payments.
An important thing to keep in mind is that points paid in connection for refinancing a home are generally not considered prepaid interest and must be spread over the life of the mortgage. Some advisors suggest that you have the lender quote a "par value" loan … (0 comments)

mortgage facts: Credit Scores - 06/08/11 12:37 PM
As we all know, how a credit score is determined is a well guarded secret. However, over many years, I have reviewed a lot of credit reports and here are a few things I have noticed. These are solely my opinion:
 
Student Loans
Student loan lenders are known for keeping detailed records. It is almost impossible to get any lates or collections off your credit report if they are a student loan. Please keep this in mind when pre-qualifying your borrowers.
Student Loans are not a positive piece of credit unless they are more than 50% paid down.  When they … (0 comments)

 
Jack Gillis, M.B.A., J.D., LL.M. Dallas, Texas 214.718.4910, Locally Known, Globally Connected, COLDWELL BANKER (Coldwell Banker Apex, Realtors)

Jack Gillis, M.B.A., J.D., LL.M. Dallas, Texas 214.718.4910

Locally Known, Globally Connected, COLDWELL BANKER

Dallas, TX

More about me…

Coldwell Banker Apex, Realtors

Address: 18800 Preston Road, Suite 312, Dallas, TX, 75252

Office: (214) 237-4500

Mobile: (214) 718-4910

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