I recently had a conversation with a client who has lived in a home for 12 years with a FHA loan and they wanted to rent it out when they bought another home. They had heard that they would have to refinance to a conventional loan or pay off the FHA loan before they could use
The Texas Foreclosure Process is very short and simple. Homeowners in default on their mortgage can, by law, lose their home in as few as 41 days. And because Texas is a non-right of redemption state, there is no opportunity to reclaim your property once the foreclosure has taken place. For these reasons it is
http://youtu.be/5et4LTjENNU Beginning December 16, 2013 through March 31, 2014 you have a chance to win $50,000 by Downloading the FireBoss Realty Mobile Search App. That’s right… Download our FREE Mobile Search App… Enter Agent Code: KW2IRL7XJ… Press the “Enter to win $50,000!” button… and fill in the entry form. It’s that simple and you could win $50,000
How to Track Your Spending and Use the Envelope System You Gotta Be Knowin’ Where the Money is Goin’! That’s the first step to making your money behave. Have you ever gotten to the end of the month and wondered where all of the money went? Have you ever broken a $100 bill and
The mission of USDA Rural Development’s Single Family Housing Guaranteed Loan Program is to assist low to moderate income rural home buyers achieve their dream of home ownership! USDA Rural Development uses approved local lenders to extend 100% financing opportunities to eligible rural individuals and families for the purchase of safe and sanitary dwellings. These federally guaranteed
Getting a mortgage for a home can seem like a complicated and mysterious process. Just like any good investment, you should never buy anything that you don’t understand. Knowing how the mortgage lending system works will relieve much of the stress and anxiety associated with making what is most likely the largest purchase of your
Baby Step # 6 – Pay Off Your House Early Pay off the house early… Why would I do that? There are several aspects to our financial decisions. If you just look strictly at the math, especially if you have recently financed your home at a record low interest rate, a case can be made
I Want to Buy a Home… How In The World Can Rising Mortgage Rates Be Good? In the current market for Northeast DFW Homes, prices are high, the supply of homes is low and credit from mortgage lenders is tight. In fact, mortgage lending rates have gone up almost a full point from the record lows
I love a SURPRISE!!! When buying a GNND home she is absolutely correct when she says, “The original winners did not get their paperwork in on time and so the house went to the runner’s up, which was us! For the next 48 hours we scrambled to sign paperwork, gather documentation and secure financing. HUD
Here is a post about a couple looking for a Good Neighbor Next Door deal on their first home!!!