Home Buyer Tips

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Changes are Coming to FHA

The lending landscape for potential home buyers has changed once again. On Wednesday the Federal Housing Administration Commissioner announced a set of policy changes intended to strengthen the FHA’s capital reserves and manage its risk while continuing to support the nation’s housing market recovery.

Repairing Your Credit

We've all seen the ads with the pie in the sky claims.  "We can remove bankrupties" or "late pays and non payments will disappear".  The reality of the situation is that this is just not true.  Repairing your credit can be done, however the same rules that apply to all of us apply to these companies as well.

Rates Are on the Rise...What Should I Do?

If you are in the market for a new home, or if you are considering making the leap this year, then you certainly have taken notice that rates have risen over the past three weeks.  The "experts" are split down the middle on their predictions for the future.  Some cite the recovery of our economy and fear over rising inflation as reasons for a rise in the rates.  Others believe that a sluggish holiday for the retail sector coupled with high unemployment rates will cause a dip in rates.

Is It Time to Get Off of the Fence and Buy?

Interest rates on fixed year mortgages continue to remain low, and along with the extended and expanded tax credit, I can’t help but get on my soap box, scream from the mountain-top, ( you can insert your favorite saying here) and let everyone know that there are great opportunities out there for home ownership.

Perry Homes Comes Through in the Snow!

Well, we experienced a major meteorological event for our area yesterday...we got snow in Houston!  For those of you that were just visiting or have recently moved from an area that sees this on a regular basis, Snow falling in Katy Texas on December 4, 2009it was certainly nothing worth writing about.  But for those of us who don't get this type of weather it was a big deal.  You see, we don't know quite how to handle this stuff.  It's cold, it makes driving difficult, and all the

Is my REALTOR® a Loan Officer? I Hope Not! Part Four

Well, one more post ranting about these double dipping individuals and I’ll be done. My point here is not to vent, although it certainly has been an added bonus. My purpose is to warn you about the inevitable problems you will experience working with someone who is trying to do too much.

Home Buyer Tax Credit Changes

The government gave the real estate market a boost with the passing of the Home Buyer Tax Credit, which was to end on November 30th of this year.  I am happy to tell you that on Friday President Obama signed the Worker, Homeowner, and Business Assistance Act of 2009 into law.  Not only did we get an extension of the Home Buyer Tax Credit, the current legislation has been expanded to include a tax credit for current homeowners looking to purchase a new home.

Is my REALTOR® a Loan Officer? I Hope Not! Part Three

In part two of this discussion, we dispelled the myth that one person acting on the buyer’s behalf can maintain more control over the file. Today we will dive a little deeper and discuss the second argument I hear time and time again.

Is my REALTOR® a Loan Officer? I Hope Not! Part Two

In part one of this discussion, I brought up the point that there is a conflict of interests when an individual attempts to act as both the real estate agent and the loan officer on the same transaction. To me it is an obvious one…how do you treat an individual fairly and still make money on the loan?

In part two of this discussion we’ll dive into the age old myth that, by acting as both the real estate agent and loan officer, the client receives better service and has a better chance of closing on time.

Is my REALTOR® a Loan Officer? I Hope Not! Part One...

I am breaking this post up into several parts for many reasons:

  1. It is a lengthy subject with several points that require substantial discussion.
  2. It is a controversial subject, especially to those who act as both, and I want to filter out the hate mail I’ll be receiving over a course of weeks instead of having my email swamped all at one time.
  3. I wanted to make it easier to digest….nobody wants to read a post that’s five pages long!

Currently in Texas it is perfectly legal for a REALTOR® to also be a loan officer and work both as

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The information herein is furnished by the owner to the best of his knowledge, but is subject to verification by the purchaser, and agent assumes no responsibility for correctness thereof. The offering is made subject to errors, omissions, change of price, prior sale or withdrawal without notice. In accordance with the law, this property is offered without regard to race, creed, national origin, disability or gender.