Jimmy Smith's (jvsmithii) Blog

What's the difference between an approval and qualification to buy a home? This is a hot topic in the mortgage industry in North Texas. With low inventory and multiple offer scenarios, before an offer is accepted, a solid buyer is desired. I believe that vocabulary and knowing what work the loan ...

If you are buying a home in Texas, get a "Conditional Qualification" (Form A). It's not called a prequalification anymore. If you want more detail about the form read my latest blog about the differences between Form A and B:   http://activerain.com/blogsview/4457939/making-an-offer-on-a-home-in-...

What is your interest rate? On a popular website for shopping rates, this is the number one recommended question that a consumer should ask a lender when shopping for a mortgage (home loan). The website has over 13 million monthly visitors. It makes sense; agree on price first, right? Not so much...

Where's the realtor in the Zillow commercial? If you haven't seen the Zillow commercial of a family searching for the perfect home click or copy link below in your browser: https://www.youtube.com/watch?v=h2AfO-uqF5U   I think this commercial has been out since May. I just noticed it this past we...

Making an offer on a home in Texas, get this or lose that home! Most folks know that the Texas real estate market is hot. When you find your dream home you may face competition when submitting your offer. In order to strengthen your offer, a completed Conditional Qualification Letter (Form A) sho...

Fha Loan in Collin County in Texas, $200,00 home, how much do I need at closing? Bottom line please! There are three categories of monies out of your pocket that you will pay for at closing. Those categories are:   1. Down-payment for a conventional loan is 3.5%, which is $7,000. The down-payment...