Category Archives: Credit

This Is How It Should Begin………

Whether we have ever met or talked in the past, and you are serious about fine tuning the wisest path to building or purchasing a newly constructed home, I can hardly wait to map out your plan!  Credit, Income, Assets to work with and where appropriate down payment assistance money.  Several great options, so I […]

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YES! UTILITY BILLS………Be Smart!

First locate who the actual utility providers are in your area.  Do this investigation of who are the carriers first, before just accepting just what you have “heard”.    Next step, compare electric bills on line.  Visit the CHOOSE ENERGY website, type in your zip code, compare rates for electricity and natural gas suppliers in […]

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Appraisers – What and Why?

Appraisers really are in great demand.  Based on housing demand and the aging of our licensed appraisers, we have approximately 70% of the appraisers available that we previously had in the year 2000.   It takes a lot for a person to want to enter the appraisal industry today.   Hesitation to enter retail home […]

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Student Loans and Debt To Income

For any one hoping to have a strong pre approval letter, student loan debt can be a real sour pickle.   For the past 12 months our lending guidelines required a monthly payment of 1.0% of the loan balance, as the repayment terms, unless a lower payment is already indicated on the credit report which would […]

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Spring Is In The Air

I have two favorite times of the year, Spring and Fall.  Always, in the month of March, Spring wins out, with the beauty of the tulips, buds on the flowering salvia and so much more.  Whether you are purchasing a home which needs a renovation, or want to do some renovating to a home you […]

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FHA The MIP Conundrum

Many of us have been hoping for a reduction in the FHA lenders default risk insurance, known by the acronym “MIP” mortgage insurance protection.   We may be stuck at the .85% level on a 30 year loan with minimum down payment of 3.50% for some time to come.  Sharing a history of the premiums over […]

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Ringing In 2017!

For those of you purchasing your first home to live-in, or relocating, or simply right-sizing, as your family has grown up and left the nest, here is some good news to share with you on the owner occupied housing front. Federal Housing Agency (FHA) has increased its county lending limits across the U.S.  In Texas and […]

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Housing Trends for 2017

During 2016, we have witnessed increasing home prices and falling interest rates nationwide.   The falling interest rates were due to Brexit vote and our own presidential election for the most part. It is thought for the Year 2017 our Millennials and Baby Boomers will be the primary buyers, dominating the home buying market place. Economists […]

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Loan Limits for 2017

Simple and sweet news! Fannie Mae has increased loan limits for 2017 for most counties across the U.S. to $424,100.00. Good news, when we consider in so many regions, homes are well over $100.00 per square foot.  I encourage you to shop for your next home this Winter, before the Spring thaw and we experience higher […]

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Some Important Tips

These questions apply to anyone purchasing a home, who for whatever reason, has not owned in a few years, or is a first time home buyer.  A few pieces of the important check list underwriters will be asking the loan officer.  So, you the buyer need to be prepared and listen carefully to your lending officer for […]

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