If you are getting a divorce, and you have to pay your spouse their share of the equity, 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 a Texas Home Equity loan…
I touch on this from time to time, but it’s important so I want to revisit it… One of the most important things you will have to do when you apply for a loan is to show that you have the money for the down payment. This is called sourcing in the mortgage industry. For…
Did you know 10 of the last 11 non-farm payroll reports have been revised lower? Why is this important?…because it points to greater weakness in the economy…which leads to reduced inflation…which leads to Fed rate cuts…which leads to traditionally higher MBS/bond purchases…which leads to lower rates. This is why mortgage rates are forecast to lower…
I wanted to let you know we have a 2% to 5% downpayment and closing cost assistance program called “Homes for Texas Heroes”. If you are in one of the following professions you may qualify for this purchase program: Professional Educators, Which Includes The Following Full-Time Positions In A Public School District: School Teachers, Teacher…
I hope you and your family had a great Holiday weekend! Did you know even if you have “challenged” credit you can still get a low down payment loan to buy a house with FHA? We can do down payments as low as 3.5% down to a 580 credit score! And, we have several down payment…
Did you know we can do ITIN loans up to 90% loan to value ratio? An ITIN number is issued by the IRS to non-resident aliens who are not eligible to receive a social security number. If you or someone you know are interested in how to qualify for a 10% down loan as an…
One of the most important things you will have to do when you apply for a loan is to show that you have the money for the down payment. This is called “sourcing down payment funds”. For instance, the down payment on an FHA loan is 3.5%. You can have this money in your checking…
Believe it or not we are seeing rates as low as in the mid 5’s on a face rate for FHA now. So, if you have been waiting for lower rates to jump in and buy a house, they are lower now. It’s also a good time to buy before the market is flooded with…
If you pay your property taxes apart from your mortgage payment, and you didn’t get them paid by then end of January they are now considered late with the county. There are two issues I see every year with regard to property taxes. …Issues that put people in tough spots. 1) Some people just don’t…
If you purchased a home using your own cash, and now would like to pull your cash back out – we can do that. This type of loan is called ‘delayed financing’. …and, you can get your cash back out of the house. In fact, we do these types of cash out loans up to…