Typically an FHA loan is one of the easiest types of mortgage loans to qualify for because it requires a minimal 3.5 percent down payment and you can have less-than-perfect credit. However, many people are not aware that FHA will allow a down payment […]
We all have access to massive amounts of information via media and the internet. Many times that information can be misleading or outright wrong. Let’s explore some of the common myths I regularly experience with regards to credit and mortgage loans. Myth: Using your
If it’s been a few years since you purchased or refinanced a home, you may not realize that it’s taking much longer to close on a mortgage loan these days. According to Ellie Mae, the leading provider of on-demand loan origination software and services, the
If you’ve been tracking mortgage interest rates lately, you’ve seen some volatility. Today, mortgage rates have dropped again. In fact, mortgage rates had their largest 3-week improvement over the last 54 weeks, falling to levels not seen for many months. What does this possibly
Is this a good time to buy a home? It’s a question with no correct answer. Dallas-Fort Worth home prices have risen 9.5 percent year-over-year in the fourth quarter of 2015 as demand continues to surge, according to the Texas Quarterly Housing Report. There
Mortgage interest rates are near all-time lows. If you have an interest rate that is 4% or higher, we should talk. Please take a moment to give me a call or and fill out the Mortgage Plan Form below and we will assess any available
Today mortgage loan products are somewhat of a commodity. You can get a mortgage at your corner bank. However, just because it’s easy to find a mortgage wherever you go does not mean that mortgage terms are the same, too. Often they are not
According to Freddie Mac’s weekly survey of more than 100 mortgage lenders, the 30-year fixed-rate mortgage rate dropped another 2 basis points (0.02%) this week, falling to an average of 3.79% nationwide. This has been the fourth consecutive week mortgage rates have fallen! We now
The number of FHA mortgage loans is close to one-quarter of all loans originated and closed today. There are a few reasons why that’s the case. First, major mortgage lenders are just beginning to approve FHA mortgage applications for borrowers whose credit scores are at least
There is an easy way to refinance a VA loan. It’s often referred to as the VA Streamline Refinance. The technical or official name of the program is the Interest Rate Reduction Refinance Loan (IRRRL). The VA Streamline is easy because it waives the