Henry D's (arrakis) Blog

Here’s a recent case that we declined due to attempted mortgage fraud.  In this market of ever tightening lending requirements real estate professionals must be ever vigilant for attempted mortgage fraud.Applicants bidding on a HUD foreclosure was referred to us by a Realtor after a Loan Officer ...

Howdy Y'all, The Texas Veterans Land board offers Texas Veterans the opportunity for some of the lowest rates available today.  Contrary to the name these loans can be used to purchase regular everyday single family homes in metro areas.  In addition, fees are strictly controlled and limited to ...

With inventories up in numerous regions throughout the country, and interest rates near historic lows, home buyers will have many more opportunities to finally make their dream of owning a home a reality. The following tips will give you the tools you need to help you get started. Get a Credit Ch...

Although in effect for more than a year now many people who are purchasing homes are not aware of the tax deductibility of PMI (Private Mortgage Insurance) or MIP (Mortgage Insurance Premium) for FHA Loans as a result buyers may qualify for a more expensive home or obtain a lower payment for the ...

P...M...I... Three letters which become very important for anybody looking to buy or refinance a home. An acronym for private mortgage insurance, PMI is needed whenever you have less than 20% equity or cash down payment for a new first mortgage. Ask anyone you know about it, and they'll most like...

With foreclosures up it is an excellent time to purchase. Whether you're considering purchasing a new home, or even a vacation or investment property, now may be the perfect time to do so. Here are a few of the reasons why: There are currently more homes available to choose from than at any other...

Buying a home in foreclosure sounds like a great idea. Who wouldn't want to purchase a house for 50, 60, or 70 cents on the dollar, as the late night infomercials claim? While there are great deals to be had, experts indicate that most foreclosures actually sell for 5% to 10% off market price. St...

    Howdy Y'all, The Texas Veterans Land board offers Texas Veterans the opportunity for some of the lowest rates available today.  Contrary to the name these loans can be used to purchase regular everyday single family homes in metro areas.  In addition, fees are strictly controlled and limited ...

There are many benefits to cleaning up damaged credit scores, even if you already own a home. By improving your credit score, you could save money on items such as car insurance, automobile loans, or any other type of loan. This is especially true when it comes to refinancing a home loan, because...

Congratulations! You've just found the perfect house in the perfect neighborhood. Over the next 30-60 days, you'll need to get everything else in place to ensure that this purchase happens. Or perhaps you're already in your dream home, and now it's time to refinance your mortgage so that you can ...