texas mortgage financing: Rapid Rescore Your Credit Report for Loan Approval - 07/08/09 04:17 PM
Rapid Rescore….. What is it?
Quite simply, it is what is says…. A rapid rescoring of the credit report with certain supporting documentation.
What is it not? Well, it isn’t credit repair as the term has been commonly used.
Rapid Rescore removes erroneous information from the credit report with solid supporting documentation in as little as 3 to 5 days. It takes place of the normal 30 day dispute that a consumer can do for themselves…. Only faster!
Here is how it works!!
Mortgage lenders use a third party company to pull credit from the Big 3 Credit Bureaus…. Experian, Equifax … (3 comments)

texas mortgage financing: confucius says: “He who shops for the lowest rate and fee will find neither” - 07/07/09 09:13 AM
Is there such a thing as too much shopping for a mortgage loan? I believe so!
“What is your rate?” <= I get that question a lot. Hehe… I usually answer it like this. “Same as everyone else”.
Well, it is true….. We sell our loans to the same people as my competitor does. We all have Fannie Mae delivery fees(called rate adjustments) for a multitude of risk variables. And whether you ask me or my competitor, we just don’t have a 30yr Fixed interest rate.
Well, at least we don’t have a published 30yr rate. It varies based on … (1 comments)

texas mortgage financing: Is your lender a responsible organization? - Personal info found in trash - 03/24/09 01:54 PM
  By Deborah Wrigley BAYTOWN, TX (KTRK) -- Some Baytown homeowners are concerned after they discovered that boxes filled with documents containing their personal information, including names and Social Security numbers, had just been tossed in the trash.

I can only cringe.... I know outfits like this still exist. Thankfully this one went out of business.
And do I even need to say it? These applications were taken by Royce Homes. <= I don't know about you but if I were getting a home loan, I would go to a professional loan officer.
These companies who are realtors but … (5 comments)

texas mortgage financing: To Pay or Not To Pay... That's the Point!!! - 01/26/09 04:59 AM
Mortgage Discount Points. 
How do I know when I should pay them? Are they a good deal or not?
They are a great deal if the borrower stays in the loan long enough.  And, do I have to say it? They are a bad deal if the borrower doesn't stay in the loan long enough.
Quite simply: Divide the cost of those points by the monthly reduction in mortgage payment and you will have a breakeven point represented in number of months. Stay longer than this number and your investment starts paying dividends. Stay in the loan less months than the … (10 comments)

texas mortgage financing: FHA Streamline Refinance Mortgage Loan - 12/20/08 01:08 AM
Interest rates are near historical lows!
The calls are starting to come in... And quite a few of the callers have already been advised by the DallasLoanGuy to NOT refinance. It just doesn't make sense for every homeowner.
But, if you have a rate that will adjust in the near future or your fixed rate is 6% or higher.... This might just be the opportunity that is too good to pass up.  It costs nothing to bring your profile to a professional Mortgage Banker for a tune up. And you could save thousands in interest payments over the life of your … (12 comments)

texas mortgage financing: Will Fannie Mae and Freddie Mac waive appraisal requirement on refi's? - 12/10/08 06:50 AM
Fannie, Freddie May Waive Appraisals for Refinancings 
By Dawn Kopecki
Dec. 10 (Bloomberg) -- Fannie Mae and Freddie Mac, the mortgage-finance companies seized by the U.S. government, are considering waiving a requirement for new appraisals on refinanced loans, their regulator said.
“If they refinance someone, rather than doing a loan mod, do they need a new appraisal if they already have the credit?” Federal Housing Finance Agency Director James Lockhart told reporters after a speech in Washington today. “That’s an issue that’s being discussed. They’re looking at it.
I think this makes more sense than anything I have seen regarding how to address … (8 comments)

texas mortgage financing: Real Problems for North Texas Real Estate Agents - 11/12/08 04:46 AM

Buyer's are still buying homes in North Texas -- Remember That The Media thrives on NEGATIVITY, so call your Realtor or Loan Officer before you decide to do nothing!
No, the sky isn't falling and the credit crunch didn't get worse....!! The problem is reporting like this. Jay Gormley with CBS 11 News pretty much told all of North Texas that they can forget buying a home. The loans are all GONE!!! And if they aren't GONE, then the financing can be yanked out from under the borrower in the 11th hour.
http://cbs11tv.com/local/real.estate.mortgage.2.836975.html <= see the article if you wish
 Email Jay

Tom Burris, Texas/Louisiana Mortgage Pro - 13 YRS Experience (NMLS# 335055)

Tom Burris

Texas/Louisiana Mortgage Pro - 13 YRS Experience

Baton Rouge, LA

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Your Texas Louisiana Mortgage Loan Officer, Tom Burris, The Texas-LouisianaLoanGuy, has been arranging Home Loans since 2004. Stress Free Mortgage Process.... Thorough pre-approvals... Hyper communication with the client and realtor partner sets the Texas-LouisianaLoanGuy apart from the rest. Your Mortgage should be fun!!! Contact the DallasLoanGuy Today!!! 214-763-4629 cell/text/nights/weekends    




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