What are Mortgage Closing Costs?

Mortgage Closing Costs So often, I hear people speaking in very vague generalities about closing costs, and/or what they believe are mortgage closing costs. What these costs actually consist of though, are a mystery to many people, and it shouldn’t be that way. The public is so used to hearing phrases like, “your closing costs…

Do I Have to Sell My House First?

Do I have to sell my house first? A common conversation I have with buyers who are already homeowners, is navigating the process of transitioning from their current home, to the new one. Ultimately, everyone wants to know “Do I have to sell my house first, before I can buy a new one?” Making a…

New Build Nightmares

New Build Home Challenges It’s roughly 4:00 in the morning. You have woken up two times already because you need to go to the bathroom. That’s it.. You can’t ignore it again. You’re going to have to give in, get up, and go. Frustrated that you’re awake, and that you have to be up for…

Your Credit Score is a Lie – Understand Mortgage Credit Scores

You don’t know your mortgage credit score. Well, it may not be a lie, but it’s can be misleading when it comes to what matters. There’s plenty of mystery surrounding credit scores, with plenty of conflicting information on what impacts them, what matters the most, and the fastest way to improve them. I work with…

Fast Mortgage Closings Challenged by New Regulations

How to Have Fast Mortgage Closings  Under New Rules The big change the main stream media doesn’t understand. So we always see the big media outlets running stories about the housing market and the mortgage industry. They should, right? I mean after all, these are the two financial topics that impact more people in the country…

Self-Employed Mortgages & New Business Owners

Self-Employed Mortgages New business owners & the two years’ tax return issue. Self-employed mortgages – The hardest loan I’ve ever closed was for a client who made more every year than any borrower I had met up until that point. I wasn’t surprised though. With self-employed borrowers, the uber-successful ones are usually as challenging as…

Don’t Let an Automated Mortgage Pre-Qualification Crash Your Move

Don’t Let an Automated Pre-Qualification Crash Your Move We’re still a long way from online mortgages with legitimate, automatic, prequalifications and preapprovals. It’s officially 2016. We’ve watched as most things in our lives have gotten exponentially easier with the ever more rapid advancement of technology. We have access to so much more information than ever before,…

Why your bank doesn’t care.

They just don’t care. I sometimes run into people who want to talk with “their bank” because they think their relationship might make it easier to get approved for a mortgage, or that it will require less documentation. Your bank doesn’t care. While they may value you as a customer, when it comes time to…

How do You Get an Offer Accepted?

  With the current real estate atmosphere in DFW, I spend a lot of time with my buyers to make sure they have a firm understanding of what the market is like, and what to expect as they start home shopping. Texas in general is a business mecca right now, as it sees a steady influx…