You may be gone next week next week visiting family and friends for the holidays. . …so, I wanted to catch you before you left and wish you a Merry Christmas and a Happy New Year! . Here is a gift before you go. . ..It’s a cool video called 10 Rules For Being Human.…
HUD has just come out with the new FHA county loan limits for 2013. Check your county below to see the max FHA loan for a single family home for your county… https://entp.hud.gov/idapp/html/hicost1.cfm County Name State One-Family ANDERSON TX $271,050 ANDREWS TX $271,050 ANGELINA TX $271,050 ARANSAS TX $271,050 ARCHER TX $271,050 ARMSTRONG TX…
I’ve written about this before, but I wanted to touch on it again…If you currently owe more on your house than it’s worth, and you want to refinance there are programs to allow for this.If you have a conventional loan right now then we would use the HARP 2 program. Here are the basic requirements…
When you give someone option money at the onset of a lease option agreement – you are going to have to prove you gave that money when you get a loan to buy that house. How do you prove it? If it’s certified funds you need to keep a copy of the certified check. If…
Good Morning! Did you know that we do piggy back loans up to 97% loan to value ratio? We do! A piggy back loan is where we do two loans – one at 80%, and a second up to 17% simultaneously. You would put down 3% in this scenario, and we would finance 97%. The…
Good Morning! In a recent press release HUD is proposing two changes to the FHA mortgage program…1) They are proposing the monthly mortgage insurance on a 30 year FHA mortgage will last for the life of the loan. Right now if 5 years have passed and your LTV is 78% or lower you can eliminate…
It’s a good time of the year to refinance. The reason is your taxes get paid this time of year. When we refinance your home we have to prefund your new escrow account. Once the tax bill is paid (right about now), and up through January we are only collecting 3 months of taxes to put into…
Happy Thanksgiving Week! . Quick Tip: If you were considering selling an asset to raise money for a down payment on a house – you can! . Here’s how… . You must create a bill of sale reflecting the date of sale, asset to be sold, and the sales price. . The buyer’s and seller’s…
Keeping on the theme of ways to refinance if you owe more on your house than it’s worth… If you currently have an FHA mortgage you can do a Streamline Refinance. Some key aspects of this loan are… the mortgage approval process for an FHA Streamline Refinance says : 1) Employment verification is not required with an…
If your current loan is a Conventional loan I have good news for you! …There is a loan that exists right now in the market place that may well be able to refinance you! In fact, if you want to know if you qualify for this loan program you can find out right now. …and,…