It's a strong seller's market here. I'm not sure many sellers would be willing to work with a buyer who is getting a loan outside the states. Give a reputable mortgage broker a call for advice..Tony Kruse at Iberibank Mortgage is great. And when you're ready to buy, I'm an Exclusive Buyer's Agent in D/FW and a best-selling author. Let me know if I can help.
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Be prepared to explain these in detail, should the lender see the overdrafts on your bank statement. Although they will not have an impact on your credit score, it becomes a concern to a lender as to whether or not you can successfully manage your cash flow. Explain the isolated large expenses and prepare a detailed budget (just in case) to show the lender that you can handle all of your financial obligations. This is especially important if you are a first time homebuyer, who is not familiar with all of the expensed involved in homeownership.
I wish you the best of luck. Please feel free to contact me if I can be of further assistance.
Jackie Pulcano, SVP
United Mortgage Corp
Yes, there have been available gas leases. You can research prospective lessee's production records at the Texas Railroad Commission's website (www.rrc. state.tx.us). There is an article http://www.txfb.org/texasagriculture/2005/020405/020405gaslease.htm that may have more info for you. Most people who are selling their houses today will not sell the mineral rights. You should contact an attorney who works with mineral rights, before getting into any leasing of mineral rights. Contact me if you want info on a particular house or piece of land. (817)201-6792... more