Category Archives: Mortgage News

Up or Down?

Not even our very best economic guru will be able to precisely tell you or I, where long term mortgage rates will go over the ninety days to six months.  Many variables can and will effect the longer term bond rates.   While the US dollar index is strong, continues moving higher in anticipation of a […]

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Making Cents Of Renovations

We offer three renovation products.  Our FHA 203(k) for owner occupants, our Fannie Mae HomeStyle renovation for owner occupants or an investor, United States Department of Agriculture aka, USDA rural rehabilitation loan.   All three programs have unique characteristics and one of the three just may fit your own special lending needs.   Before you commit to a […]

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Lend Confidently

By now, many of our Real Estate Agents have heard of the program designed by Fannie Mae, known as HomeReady.   HomeReady is an excellent way to serve those in moderate to low income communities.   In certain parts of Oklahoma and Texas a property may even allow for the borrower to have income up to 100% of […]

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Have A Plan If You Are Selling

If you are selling your home in this overly heated North Texas real estate market, think long and hard about what you want to get out of the transaction as the seller of a property.  Am I selling to move to a larger home to raise children, am I right-sizing because I am now an empty […]

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Why The FHA 203(k)

FHA 203(k) is for those wanting to purchase a home as their primary residence which is in need of repairs, and needing to purchase with a minimal down payment.  The down payment is 3.50%.  The repairs may even take the loan to value slightly above 100 percent and we are still able to move forward […]

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Congratulations On One Of the Most Important Steps You Will Ever Take!

Congratulations on your recent marriage! Are you wondering what the next step is? Perhaps it is investing in a new home to share with your new spouse. It is hard to know exactly where to start on your journey toward homeownership, so we are going to help! Throughout the month of September, the Housing Buzz […]

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HomeStyle Renovation Loan

I want to drive home the point our Fannie Mae HomeStyle renovation loan is a smart way to renovate your primary residence, second vacation home, or investment property.  Let’s say you purchase a one unit investment property with twenty percent down and the property needs another forty percent in improvements.  HomeStyle will definitely be a path to […]

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USDA What Is Coming This Fall

I am definitely ready for the Fall weather.  Just thinking about cooler air temps revives me from the Texoma heat wave.    For all our USDA buyers, October 1st will usher in cool savings!  The USDA funding fee decreases from 2.75% down to 1.00% and the monthly mortgage insurance decreases, as well, from .50% to .35%.   […]

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USDA Rural Rehab

As those before us have said, “Ain’t Making No More Land, This Is It!”  If you are dreaming of a more relaxed pace of life with a home on acreage, the USDA Rural Rehabilitation just maybe your path.   The USDA rural rehabilitation loan allows for common sense repairs and structural improvements, such as foundation, repair of beams, […]

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A Safe Place To Call Home

Finally, Fannie Mae has come out with a home loan for owner occupants with only 3.0% down.  Yes, you read it correctly, simply 3.0% down.  This loan is geared to help provide a home path for so many that have been left on the side lines due to debt to income ratio.  A quick tidbit, […]

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