first time home buyers: Mortgage Rate Update for Dallas Texas September 21st 2018. - 09/21/18 01:29 PM
Mortgage Rate Update for Dallas Texas September 21st 2018.  Mortgage rates are trending higher this week and look to continue that trend absent some unforeseen event. The yield on the 10 year bond has reached a 5 year high which normally signals higher interest rates.
The Fed has been scaling back its purchases of mortgage-backed securities and to that end will discontinue mortgage-backed securities purchases October 1. Because they will no longer be purchasing mortgage-backed securities this could lower demand. The lower demand will more than likely result in higher yields to investors and subsequently higher interest rates to borrowers.
If you would like to … (0 comments)

first time home buyers: Dallas Texas Housing Stats Video | We create Home Owners - 06/27/17 03:23 PM
The Dallas housing market continues to be red-hot. Here is a snapshot video of the Dallas housing stats. As a local 5 star rated lender, my team and I can help you in a competitive bid situation.
The median home sales price has increased to $266,000 which is an 11.3% increase over the same month last year. The Dallas housing market produced 9059 home sales which is a 1.39% increase over the same period last year.
Watch the video here by clicking Here: 
Dallas Stats June 2017 Click to watch the video
The median number of days on the market in the Dallas … (0 comments)

first time home buyers: First-time homebuyer guide for Texas Home buyers - 06/08/17 08:22 AM
If you are a first-time homebuyer you may not even know how to get started. If you’re even thinking about becoming a first-time homebuyer, then you actually have started the process. Becoming a first-time homebuyer does require you to do a little homework and make a commitment. It can also help you create wealth. According to an article published in the Huffington Post, ” In 2015, the average net worth of a homeowner in was $195,400, compared to just $5,400 for a renter, according to the Federal Reserve. The significance is even more staggering for people of color. Wealth from equity in a … (0 comments)

first time home buyers: Video: Is an FHA Mortgage The Right Loan For Your Dallas Texas Home? - 12/20/16 01:33 PM
 Is an FHA Mortgage The Right Loan For Your Dallas Texas Home?
Why are FHA loans so accessible?
For a first time home buyer, a step up buyer, or buyers with bruised credit, a FHA loan makes it easier for Texas residents to qualify because the government guarantees the loan making it less risky for the lender and therefore easier to approve. However, each lender has set standards that they adhere to, which may differ from lender to lender. There are no income limits like many first time home buyer program, but you will need to have enough income to prove you can … (0 comments)

first time home buyers: What you need to know about FHA mortgages for your Texas home - 10/18/16 01:43 AM
An FHA insured loan (Federal Housing Administration) is a loan backed by the U.S. Department of Housing and Urban Development (HUD). Not only are FHA home loans a viable option for many Texas first time home buyers, they are even a great loans for step up buyers. Although FHA loans are government-backed, they are not exclusively for grant or down payment assistance.  Lenders make these loans to home buyers and follow HUD guidelines.  Some lender impose thier own extra guidelines to the HUD rules as well.

FHA insures the loan for the lender for offering the loan with such a low down … (0 comments)

first time home buyers: How the Texas First Time Home Buyer Program Works - 09/12/16 08:26 AM
If you’re a first-time home buyer, the prospect of owning your first house is exciting and perhaps even daunting. There are several items to consider such as landing a good real estate agent, searching for the right home, and applying for a mortgage loan and getting approval. Another aspect of the process to consider is finding a home that fits within your budget as well as determining if you have sufficient money to cover the down payment and closing costs, which are some of the largest expenses for Texas first time home buyers.  Interlinc Mortgage Services, LLC offers qualified home buyers … (0 comments)

first time home buyers: What is an FHA Mortgage? - 07/05/16 02:35 AM
An FHA insured loan (Federal Housing Administration) is a loan backed by the U.S. Department of Housing and Urban Development (HUD). Not only are FHA home loans are a viable option for many Texas first time home buyers, they are even great loans for step up buyers. Although FHA loans are government-backed, they are not grant or down payment assistance.  Lenders make these loans to home buyers and follow HUD guidelines.
However, FHA insures the loan for the lender for offering the loan with such a low down payment. The insurance is provided only to individuals, and approved by HUD through a fixed set … (1 comments)