houston mortgages: ADVERTISE WHILE EDUCATING: Many buyers believe they do not need representation when purchasing from a builder. - 05/30/08 01:08 PM
It does not cease to amaze me the number of people who are shopping for the best deal for a home or mortgage on the internet.  Our buyers have a wealth of information at their fingertips.  They seem to be more informed.  
However, it does amaze me the number of buyers who honestly do not think they need representation when purchasing a home from a builder.  They are often even willing to take the builders financing from the builder owned mortgage company.
I had previously worked for builder owned mortgage companies.  While working there, I often advised buyers that it … (5 comments)

houston mortgages: Is FHA the "new subprime" - 05/30/08 03:52 AM
As a loan officer, I have been doing mortgages for 18+ years.  With the fall of Subprime loans, I have heard many loan officers refer to FHA as the "new subprime". 
This disturbs me a bit.  FHA has always been around.  It is the ORIGINAL first time homebuyer program although you do not have to be a first time homebuyer. 
Many lenders were not doing FHA loans during the subprime boom.  This was unfortunate as many of the buyers these lenders put on subprime loans could have gone FHA.  Their interest rate would have been lower and fixed. 
FHA … (3 comments)

Monica Blanchard (CMG Financial)

Monica Blanchard

Cypress, TX

More about me…

CMG Financial

Address: 9740 Barker Cypress Road, Ste. 111, Cypress, Tx, 77433

Office: (832) 575-2213

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