Good Morning! If you are getting a divorce, and you have to pay your spouse their share of the equity of your home don’t use a traditional Texas Home Equity loan to do it. Use an Owelty loan to get the cash out of your home instead. The advantage of using an Owelty Loan over…
Good Morning! We have many people apply for mortgages that have recently changed jobs. Here are a few things to keep in mind if you or someone you know is about to change jobs and apply for a mortgage… 1) If you are getting transferred from one location to another, but with the same company…
Good Morning! Here’s an easy way to put down only 3%, pay no up front Mortgage Insurance, and get a very competitive rate… It’s a conventional 3% down loan product for first time home buyers. Here are some of the important features of this product… 1) Owner-occupied primary residence only, for first time home buyers.…
Good Morning! Wanted to let you know we updated the Mortgage Calculator on our web site. If you have ever wondered how much extra you would need to pay each month to knock a year, five years, ten years, etc. off your loan – you should check it out. You can calculate it quickly. Sometimes…
Good Morning! Just a note on rates. …they are low! …very low! If you haven’t considered refinancing – you should, because rates in the 2’s are possible. If you would like us to take a look for you, and get you some numbers please contact us. We would love to help you out! That’s it…
Good Morning! I wanted to show you how we’ve been refinancing Jumbo loans lately. If you have a Jumbo you know the rates are aweful still. So, how do you take advantage of the low convnetional rates, and refinance your loan? I’ll show you how: Check out this short video I just did for you… …
Good Morning! Mortgage tip: If you are about to get into the loan process to buy or refinance a house – don’t go out and buy things on credit. It sounds simple, and you would think most people would know this without being told. I have a loan right now where a borrower got…
Good Morning! Here are two quick credit tips for you… 1) 30% of your score is made up of the ratio between your available credit vs your actual balances on revolving credit accounts (like credit cards). You don’t want to charge these accounts over 50% of the available balance, and it’s even better if you…
Good Morning! I just saw that active Forbearances declined by 435,000 last week. This is an encouraging sign. Remember, from a loan perspective it’s very difficult to get a loan if you are currently in Forbearance, and the loan is behind. Lenders will insist the loan be brought current, and removed from Forbearance before they…
Good Morning! What do you do if you are in the process of applying for a loan and you have filed an extension on your taxes? Your loan officer asks you for last year’s tax return, but you can’t give it to him or her because you filed an extension. Easy! …You give your loan…