Posts Tagged ‘guide’
Get 50% off Your Home Purchase With The Good Neighbor Next Door Program
Are you a teacher, law enforcement officer, firefighter or emergency medical technician in Dallas or Fort Worth? Are you looking to buy a house? Want to save 50% on it? That's right, I said 50%. Well right now this is actually a possibility, due to the Department of Housing and Urban Development’s “Good Neighbor Next Door Program.” Long story short, the HUD is offering half off a home mortgage if you are in one of the previously mentioned fields and find a property that falls into one of the designated geographic areas authorized by Congress under provisions of the National Housing Act. Why would they do this? Basically, HUD desires to make the communities of America stronger and safer, and improve the quality of life in distressed urban communities by encouraging Law Enforcement Officers, Teachers (pre-Kindergarten through 12th grade), Firefighters, and Emergency Responders (EMT) to purchase and live in homes in these communities. In return for the 50% discount, you must only prove once a year that you occupy the property as your primary residence. You must do this for a total of 36 months. In other words, as long as you live in ...
How to Sell Your House Without a Realtor
Selling your house without a realtor is an evolving trend these days. Why? Well, mostly this has to do with the whopping 6% real estate fee most real estate agents charge for listing and selling your house. That’s right, I said 6%. Take that 6%, add it to the already substantial closing costs or seller concessions you may be paying, and you’ve essentially lost a large chunk of change that you could otherwise be putting into the bank. So why don’t more people sell their house on their own? Well, society and popular opinion will tell you that it’s a difficult, if not impossible process. For example, a simple internet search of “selling your house without a realtor” will pull up such alarming claims as: “Without a knowledgeable Realtor to guide you through the process, you'll have to hone your knowledge of the housing market in your area, lending practices, loan availability and requirements for a home sale. You'll need to brush up your negotiation and people skills and clear time in your schedule to be available to show your house…” After reading such claims, it’s easy to think that you should just go ahead, ...
How to Get Pre-Approved for a Mortgage Loan
Found a house you love but need a pre-approval letter to show your realtor? We can help you out with the process! To get pre-approved, you will need to CONTACT one of our loan officers, who can analyze your situation and tell you how much you can afford to spend on a house. How is this accomplished? Well, long story short, lenders are going to look at a few specific things before they give you the green light to go shopping for your first house. This includes running your credit and seeing how much income you earn, and then comparing it to how much you want to spend each month. They will also take into consideration things such as how much money you have on hand and how much you pay each month towards bills like credit cards. If you are ready to apply or are interested in getting pre-approved, just select the option below that is most convenient for you. Complete our Quick Loan Application Form. This process usually takes less than five minutes. A loan officer will contact you once we receive your application. Give us ...
USDA Rural Development Loans Offer 100% Financing For Surrounding Areas of DFW
Over the past several years, the Government and the Mortgage Industry as a whole has continuously tightened the rules and regulations when it comes to buying a home. It has gotten to the point where even people with stellar credit and a solid borrowing history still need a hefty down payment before they can purchase a new house. Fortunately though, there is a new program available from the United States Department of Agriculture that offers 100% financing for people that live (or are looking to live) in rural areas. Why would they do this? Is it too good to be true? Well, long story short, the government offers the option of “zero money down” so that people who live in rural areas (who may have always been renters) can finally have access to affordable mortgages. Consequently, this type of loan is often the best scenario for people who live in the country and want to find a place they can call home. Another amazing feature of this loan is that 100% of repairs that ...
$8,000 Tax Credit Extended (And EXPANDED) for DFW Residents
The $8,000 tax credit, which was scheduled to lapse on Dec. 1 of this month, was effectively extended through the end of June 2010. This is great news for people who were rushing to find a good home in order to qualify! Homebuyers must now sign a contract before April 30 and close on their home by June 30. There were also some changes in regard to income limits. Single buyers can now earn up to $125,000 and still get the full credit, while a married couple can earn $225,000. Hooray! But the government didn't stop there. Not even close. The new bill even makes more homeowners eligible to claim the credit on their taxes. First-time homebuyers (those who haven't owned a a home in the past 3 years) still qualify for the existing credit of $8000, but now those who have owned (and lived in) a residence for at least 5 years can claim a credit in the amount of $6500! "The new version of the tax credit has the potential to stimulate the ...
All About Reverse Mortgages
If you are over the age of 62 and you own a house, you have more than likely heard about a Reverse Mortgage. This is an interesting issue due to the fact that Reverse Mortgages are becoming extremely popular in America these days. Unfortunately, though, many people are afraid of this type of mortgage, which can be attributed to a lack of knowledge on the issue, or just because they may have been misinformed. The truth is, a reverse mortgage can offer extremely beneficial assistance (monetarily) to a senior who may be out of options or who is just strapped for cash. But what exactly is a Reverse Mortgage? How do they work? What are the requirements for obtaining one? All of these questions will be answered in the following guide. In the most basic sense, a reverse mortgage is a special type of loan that lets you convert a portion of the equity in your home into cash. What this means is, the money you have built up over the years by making home mortgage payments can essentially ...
The Regular Joe’s Guide to Types of Mortgages
If you are in the market for a new home, it is utterly imperative that you review your financing options before you make any concrete decisions. Depending on the circumstances (and in order to make sure you get the best possible loan) you should be aware of what choices you have, and what types of financing are at your disposal. Believe me, all the different types of loans can be quite intimidating to someone uneducated on the subject. In fact, most people in America don't know hardly anything about their financing options. But don't worry. That's to be expected. BASIC LOAN TYPES The type of mortgage that the majority of people today will get is know as the traditional fixed rate mortgage, or FRM. Over 70% of homeowners this year will get this type of financing for their new home. The main reason for this is that the FRM offers a much stronger sense of stability over the other types of financing. Whether the life of your loan spans 15 or 30 years, the ...
– WELCOME TO THE MORTGAGE GUIDE OF DFW -
Here at DFW Mortgage Guide we have numerous loan programs that can be custom-built to fit your situation, whatever it may be. We serve the Dallas Fort Worth area metroplex exclusively, so you know you are dealing with a company that knows the area. We also work with over 20 lenders and have access to almost any loan program available. These include: PERMANENT FINANCING MORTGAGES We offer a multitude of Mortgage programs for Dallas Fort Worth including conventional fixed rate mortgages, FHA Loans, VA, Jumbo, ARM's, USDA, Interest Only, investment properties, condominiums, and many more! HOME IMPROVEMENT MORTGAGES Whether you are looking to purchase a home that needs improvements, or if you need to do some work on your existing house, we have options available for first and second lien home improvement mortgages. HOME EQUITY MORTGAGES We offer Cash-Out Mortgages for primary homes, second homes, and investment homes, as well as interest only HELOCs for primary residencies. SECOND LIEN MORTGAGES We also offer stand alone second mortgages and second lien mortgages closed concurring with first lien ...
