Mortgages 
Oops… The Contract Fell Through(0)
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The last 4 words you do not want to hear from your Realtor is “The Contract Fell Through”. Especially if it is a day or two just before the closing at the title company. What are the causes of this situation and what can your Realtor do to prevent this?
Here is one of [...]
New Credit During Mortgage Application Process a No-No
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In an effort to improve the underwriting quality of home loans delivered to mortgage financier Fannie Mae, lenders will be required to take a closer look at your debt obligations beginning next month.
Come June 1, lenders will be directed to “review and evaluate the “inquiries” section of the borrower’s credit report to determine [...]
Foreclosure Storm Far From Over
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While the good news is that the number Plano homes for sale and the whole county for that matter is way down from last year, we are still not out of the real estate woods yet. According to todays DMN Collin County foreclosure postings are up to 807 postings a 16% increase over [...]
New FHA Rules Pinch Would Be Home Buyers
FHA New Rules Pinch Would Be Buyers
When mortgage underwriting rules change making it more difficult to obtain an FHA loan, no one likes it.
In January; the FHS tightened lending requirements in order to shore up their capital reserves and help the agency to do a better job of managing risk. Many of us complain about [...]
More in this category:
- 3 Big Reasons Not to Wait to Buy a Home
- Prosper Home Sales for December Encouraging
- Homebuyer Tax Credit and Loan Limits Extended into 2010
- New Mortgage Rules…Not Helping the Economy
- Playing Roulette With Mortgage Rates in Frisco
- DFW Home Borrowers Deeply Under Water
- What Do Underwriters Do?
- Tight Mortgage Rules Can Exclude Even Strong Buyers
- Feds Now Offer Downpayment and 100% Loans for First Time Home Buyers
- Plano and Frisco Home Buyers Wait for Lower Prices…Why?
- Frisco and McKinney Homes…Best Time To Buy?
- There Is More To Consider Than Monthly Payments