USDA Rural Development Loans ARE BACK!

As of yesterday, the US House of Representatives passed a new bill (HR 4899) which includes additional funds for the Rural Development Loan Program.  This is HUGE news, as many many of these loans have been put into suspense over the past several months, or have been waiting for "subject to" commitments, which has been keeping them from closing, and not coincidentally, people from moving into their new homes. These additional funds ...

Time is Running Out to Refinance in Fort Worth-Dallas

This is going to be short and sweet, but I figured it is worth noting that this refinance boom we have been experiencing lately could be coming to an end very very soon.  Why?  Well, if history is to be our guide, we could be at the apex right as we speak.  And you can't get any better than the apex. For example, from April to July rates have been dropping quite ...

Buying HUD Homes – A Simple Guide

The following information is provided in effort to give you an introduction on HUD homes, and how they can be purchased by you as a consumer. WHAT IS A HUD HOME? In its most basic sense, a HUD home is a one to four unit property (residential) that is foreclosed upon and then acquired by HUD, who in turn offers it for sale to recover any loss it may have incurred ...

Tax Credit Closing Extension signed by President Obama

Good news!  President Obama this morning signed a tax credit extension for homebuyers who had a contract dated on or before April 30th of this year.  The extension is expected to help an estimated 200,000 people complete their home purchases in order to receive the $8000 tax credit, which has been running the past few years. The ...

$8000 Tax Credit Extension Deadline Looms for DFW

As the government squabbles to extend the deadline for buyers to close on their homes and claim the tax credit, anxious first time buyers are hoping they get something accomplished so they don’t miss out on their $8000.  I don’t blame them.  $8000 is a big chunk of change to ANYONE (ok maybe not Bill Gates).  But for the rest of us, that type of money can make a big difference ...