Archive for August 2017

How HOA’s affect purchasing a home

There’s a lot that you should know about a Homeowners Association (HOA) and how it affects not only your home purchase but also property value. It can be a great feature, but knowing what it will offer and how it will constrict you is of the utmost importance.

What is an HOA? HOAs is an association that has a board and a set of rules as to what “can”...

Where are the Best Places to Watch Solar Eclipse in DFW

On August 21, 2017, we’ll have the once-in- a-lifetime opportunity to witness a total solar eclipse move from coast to coast across the United States. NASA is preparing to do live coverage as the eclipse follows a path from Salem, Oregon to Charleston, South Carolina. While Dallas isn’t in the path of totality (where the Sun is completely blocked), you’ll still see a...

Realtor Coffee Talk 08/12/17: Bank Statement Loans are Back

Non-traditional financing is back! We are now able to serve various borrowers that may not have been able to qualify for a loan. Below are several examples, please call us, we probably have a loan program that will help your client.

Bank Statement Loans- This is a solution for self-employed. Simply have your client bring their business and personal tax papers as well as business...

DFW Mortgage Market Update Aug 12th 2017: North Korea threats spook market and bonds benefit

The news this week surrounding the tension in North Korea has caused the stock to have some downward turns. The news affects the bond market due to the “flight to quality” to their inherent safety.

The chart shows the bond market rising which help lower mortgage rates. So if you have a contract pending now is the time to lock in that rate. If you are still shopping, we will...

How to Buy a Home in a Hot Housing Market

The housing market in Dallas-Ft. Worth is so hot, it can be stressful and even depressing for those looking to buy a new home. Here’s just a few of the challenges we’re hearing from those in market.

Homes are getting snapped up and going for over the asking price Homes are selling the same day they are listed You’re one of many other bids competing for the same dream...

DFW Mortgage Market Update Aug 4th 2017

This week we saw the stock market go over 2200, but bonds rallied at the same time. Mortgage rates are better since July, but the jobs report may stall due to a better than expected report. While the jobs report was very positive, this may affect the long term bonds market. We are hoping for a breakout next week, carefully floating position.

Realtor Coffee Talk Aug 5th 2017: Create Your Own Pre-Approval Letters

Today are going to discuss Floify allows you to follow the loan process for your clients. Whenever you send us a client, we will link you to the system which will provide you with an easy way to collect and verify documents, keep all partners in the loop, and efficiently manage every loan in process.

The system will send you a notification on your phone either through text or...

Home buyers shop smarter with the Home Scout app

Let’s face it, in today’s world of house hunting the number of tools to aid home buyers in their quest for a dream home is nothing short of utterly overwhelming. Zillow, Trulia, are just a few of the public search sites available and what home buyers may not know about these public search sites is the home data displayed is most times incomplete and inaccurate...

Stay In The Know

Stay up to date on what you need to know about market changes and how that impacts a home mortgage.