New Credit During Mortgage Application Process a No-No

Image via Wikipedia

 
 
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 [...]

Remodeling Projects with Best Returns

Image via Wikipedia

The January issue of Realtor magazine had a lengthy article packed with interesting and valuable statistics about home additions, remodelings and replacements including which ones provide the most added value to a home.  While painting and carpet replacement always head the list of the best return on investment, there are others that might [...]

Plano Residents Among Richest in America

Image via Wikipedia

In case you missed it, here is a sumary of an article in Saturday’s Dallas Morning News about Plano residents’ income and spending habits in 2009.  An online company Bundle which focuses on expenses and savings trends of Americans compiles an annual report using credit card transaction information as well as federal government data and [...]

Protect Your Credit When Buying a Home

Image by Getty Images via Daylife

This information will protect you:
We are in the real estate business and would like to earn your business.   So, we try to do that by providing pertinent factual information that will make buying or selling a home easy.  Keeping you aware of identity fraud, illegal credit reporting and providing access to Home Buyers [...]

Lakes of La Cima Home Sales…Robust in 2009

Lakes of La Cima had a great year in 2009 boasting 39 homes sold making it one the most active subdivisions in Prosper.  This is one  of the most popular subdivisions around because of its diversity in  home builders and prices not to mention its amenities and location right off of highway #380.  A resident [...]

Gentle Creek Home Sales for 2009

Gentle Creek Estates ended 2009 with a total of 23 homes sold at an average price of  $460,000.  The average square footage of these homes was 4358.  For the year, the average days on market for these homes was 209 days!  The average per square foot price was $99.  Sellers were able to obtain 94% [...]

3 Big Reasons Not to Wait to Buy a Home

 
#1
If you are thinking of buying a home, now may be the best time to do it.  Whether you are a first time home buyer, thinking of buying a new primary residence or know someone who is I want to share some important upcoming dates.
Uncle Sam’s help for First Time and Repeat Buyer’s end soon.  [...]

Frisco Home Sales for 2009 End on High Note

Image via Wikipedia

First, lets look at December results and then results for all of 2009.
December was much better than all of 2009 signaling what may be a better trend for the Frisco residential market.  As we all know, 2008 and 2009 have been buyers markets meaning that the absorbtion rate has been higher than 6 [...]

D-FW Home Prices on Top According to Forecast

Not great but the best?  Well, market analysts say the Dallas-Fort Worth area – along with most other major Texas cities – will have the best home price performance during the coming 12 months.
Local Market Monitor looked at more than 300 U. S. cities for its latest quarterly predictions.  The report singles out “Texas, where [...]

Prosper’s Whitley Place…Top Shelf Place to Live

   Sound pretty cool…sophisticated?  It is a very cool, top shelf neighborhood.  To describe Prosper’s most beautiful subdivision is hard to do without it sounding like a sales pitch because there are so many superlatives.  Whitley Place is easy to find and hard to leave once you have been there.
Situated at the corner of Custer [...]