The Woodlands & Lake Conroe Mortgage Man - Mortgages for Residential, Custom Home & Investment

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Mortgage and Lending - Henry J Daniels www.WoodlandsMortgageBank.com (936) 228-1944 - NMLS #209419
Candid comments and education to help today's home buyer or home owner make a sound decision today and in the future about their home financing options in today's rapidly changing market.

ARCHIVED BLOG POSTS

2008 

Veterans who file for bankruptcy are still allowed to use a VA home loan if they are eligible. Unfortunately the process does require a waiting period. You are allowed to purchase another home two years after the "discharge date" of your bankruptcy. Keep in mind that the filing date does not fact...
09/28/2008
A veteran generally cannot get a VA loan to purchase a farm with one notable exception. If the farm has a residence where the veteran intends to live. There is no 'farming requirement' for this kind of purchase, but if the veteran does intend to operate a farm business as a major source of income...
09/28/2008
It's easy to use an online program called ACE--the Automated Certificate of Eligibility--to get started in the VA loan guaranty process, yet can only have this done by a VA approved lender such as we are. Unfortunately, the automated system won't work for everyone. Some people don't have enough i...
09/28/2008
Obtaining pre-approval for your home loan amount is an excellent time-saving step. Once you know the exact amount you're eligible for in your home loan, you can begin searching for a home as a 'serious buyer'. You'll know in advance exactly what you can afford and what is outside your price range...
09/28/2008
Some first-time home buyers are misinformed as to the workings of a VA Loan. The Veterans Administration does not normally act as a lending agent. Instead, the VA is in the business of guaranteeing the loans of veteran. In most cases, the VA offers a guaranty to those who meet the requirements, t...
09/28/2008
The Department of Veterans Affairs (VA) acquires properties as a result of foreclosures on VA guaranteed loans. These acquired properties are marketed through a property management services contract with Ocwen Federal Bank FSB, West Palm Beach, Florida. The properties are listed by local listing ...
09/28/2008
The more you know about our home loan program, the more you will realize how little "red tape" there really is in getting a VA loan. These loans are often made without any downpayment at all, and frequently offer lower interest rates than ordinarily available with other kinds of loans. In additio...
09/28/2008
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The VA loan began in 1944 through the original Servicemen's Readjustment Act, also known as the GI Bill of Rights. The GI Bill was signed into law by President Franklin D. Roosevelt and provided veterans with a federally guaranteed home with no down payment. This feature was designed to provide h...
09/28/2008
There are many ways besides opting for a shorter rate lock period to get a lower payments, though. A larger down payment will result in a lower interest rate than a smaller one, because you're starting out with more equity and the lender is taking less of a risk. You can pay points to lower your ...
09/28/2008
A rate lock or a rate commitment is a lender's promise to hold a certain interest rate and a certain number of points for you for a specified period of time while your application is processed. This prevents you from going through your whole application process and at the end of it finding out th...
09/28/2008
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Henry J. Daniels - Woodlands Texas Home Loans

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