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NEXTA
Add Value to Your Home With the FHA 203k Loan
By Leesa Sandoval
When doing an FHA 203k Rehab Loan anywhere in the nation there are a couple of things to consider. First of all the property maybe in poor condition and some repairs maybe required…such as foundation or roof repairs. Secondly there are the cosmetic upgrades that aren’t necessarily required but that will make the home more to your liking and these changes can add great value to the home.
Read MoreHow Much Can I Afford?
By Leesa Sandoval
Of critical importance when considering mortgage financing: There is sometimes a difference between what a client ***can*** borrow and what they ***should*** borrow
Read MoreFHA Announces Changes in Texas
By Leesa Sandoval
As some of you may have heard HUD has officially announced their intention to make the following changes to the FHA loan program in Texas: Lower the Up Front MIP from 2.25% to 1% AND
Increase the Annual (monthly) MIP From .50 – .55% to .85 – .90% depending on LTV.
Where Does My Earnest Money Go?
By Leesa Sandoval
When a buyer makes an offer to buy residential real estate, he/she generally signs a contract and pays a sum acceptable to the seller by way of earnest money.
Read MoreRenting vs Buying A Home
By Leesa Sandoval
While there are several biased sources that can make arguments for or against owning a home, we’ve found that most home buyers base their ultimate decision on emotion.
Read MoreWhat Do Appraisers Look For When Determining A Property’s Value?
By Leesa Sandoval
The appraiser actually already has a good idea of the property’s value by the time they have scheduled an appointment to stop by the property.
Read MoreGuidelines Changing for Free Credit Reports – Texas
By Leesa Sandoval
As part of the new CARD Act of 2009, companies advertising free credit reports in Texas are now required to clearly disclose that what’s being marketed isn’t the free credit report you’re entitled to receive by law.
Read MoreSeven Things Your Agent Should Know About Your Mortgage Approval
By Leesa Sandoval
While many experienced real estate agents have a general understanding of the mortgage approval process, there are a few important details that frequently get overlooked which may cause a purchase to be delayed or denied.
Read MoreRefinancing Using VA Benefits
By Leesa Sandoval
VA mortgage loans can be refinanced much like a traditional conventional loan allowing the home owner to take advantage of lower interest rates that can ultimately save a substantial amount of money by lowering your monthly payment.
Read MoreVA Home Loan Purchase Process
By Leesa Sandoval
Purchasing a home using your VA benefits is an amazing way to get into a new home with no down payment requried and a great interest rate.
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