Before the conventional mortgage loan market collapsed, approximately 10% of home buyers utilized FHA financing.   Conventional loans were king.  Borrowers who had less than perfect credit and little money down could utilize the FHA programs to purchase a home.  FHA required 3 percent down and the seller could contribute up to 6 percent in seller [...]

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Buying a home is about to get cheaper for a whole new crop of homebuyers — $6,500 cheaper.
The Senate voted Wednesday to extend and expand the tax credit to include many buyers who already own homes. The House is scheduled to vote on the bill Thursday.
Buyers who have owned their current homes at least five [...]

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Historically, owning a home has always been a good, sound investment and even though our economy is going through some rough times and home values have fluctuated the past year or two, owning a home continues to be a smart investment. A few reasons to support home purchasing as a good investment is due to [...]

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On July 30, 2009 legislation went into effect that is impacting the timeliness in which Texas Mortgage Companies can close a mortgage loan.  This new law is called HERA which stands for new Housing and Economic Recovery Act. This piece of legislation is intended to protect the borrower from deceptive lending practices.  If your broker/lender is not educated [...]

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Already working with a mortgage broker or lender?  Send us your competing Good Faith Estimate and our mortgage consultants will help educate you so that you are armed with the information needed to make an informed decision and insure the best rates and closing costs for your next home loan. 
In today’s mortgage industry it can [...]

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