Dave Your Mortgage Guy's Blog

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Mortgage and Lending - www.DaveYourMortgageGuy.com, FHA, VA, USDA, HomePath, Jumbo

ARCHIVED BLOG POSTS

2012 

I recently read an amazing article that talked about the key to success  is really Gratitude.  And it got me thinking….. they are right.  So I started to brainstorm on how this relates to the Real Estate Business.  And here are my random thoughts:                                                  ...
07/30/2012
On every mortgage, your IRS Tax Return Transcripts are needed.  These are official copies of the information on your tax returns from the IRS.  Every lender will order a copy for the client, but many times it can take weeks for the transcripts to show up.  Which can cause your closing to be delay...
07/27/2012
As first time home buyers we weren't sure where to start when applying for a home loan, we just wanted to be pre-approved and fast. We thought going online was the best option and we received a quick response from a major online loan company, so we went with them. At first, the process was very ...
07/25/2012
Here is your weekly interest rate update: Conventional 30 year Mortgage: 3.375% Credit score:740 LTV:80% Loan Amount:$200k APR: 3.6% FHA 30 year:3.25% Credit Score:640 LTV:96.5% loan amount:$200k APR:4.15% Conventional 15 year:2.75% Credit score:740 LTV:80% Loan Amount:$200k APR:3.25%   Call me t...
07/25/2012
Dave, wanted to say thanks again for all the help and great work you did for me and my wife.  You took a situation that had been looked at by 2 other mortgage companies, one of which was the one I'm with presently(current mortgage), and did what they said was impossible and we are now in our new ...
07/22/2012
We all know condo financing has gotten ridiculously hard.  Few are FHA Approved, taking out the FHA mortgage option for someone buying a Condo.  So that leaves us with the Conventional loan route.  But many lenders and mortgages require an owner occupancy of 70%+.  The owner occupancy rate is th...
07/19/2012
Here is your weekly interest rate update: Conventional 30 year Mortgage: 3.375% Credit score:740 LTV:80% Loan Amount:$200k APR: 3.6% FHA 30 year:3.25% Credit Score:640 LTV:96.5% loan amount:$200k APR:4.15% Conventional 15 year:2.75% Credit score:740 LTV:80% Loan Amount:$200k APR:3.25%   Call me t...
07/18/2012
In short a CAIVRS Report is a report to see if you ever defaulted on any previous government loans.  CAIVRS stands for Credit Alert Verification Report System.  You must have a clear CAIVRS Report to get a new government loan, such as a FHA, VA  or USDA Loan.  This report will show if you have de...
07/16/2012
If you are buying the home you are renting, there are 4 things you should take in to consideration: 1.      Use a Title Company.  No Matter how much you like the seller’s or even if they are family, you should use a title company.  A title company makes sure the ownership of the home switches to ...
07/15/2012
Fort Bend CountyOffice of Emergency Management Fort Bend County Residents Should Prepare to Receive Wireless Emergency Alerts Posted July 8, 2012 3:49:26 PM CDT FOR IMMEDIATE RELEASE RICHMOND, TX - There's a new way to get emergency alerts on your mobile device, it doesn't cost you to receive the...
07/11/2012
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David Krichmar

DaveYourMortgageguy.com
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