I have a GREAT mortgage broker who you can talk to ... that is NO BS kind of person. Much more goes into obtaining a mortgage than a credit score.
Contact my office Wednesday
Lynn911 Dallas Realtor & Consultant
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http://www.lynn911.com 100's of Dallas homes listed for sale or lease
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Yes, I we do them. I am a Texas resident and licensed in the state. Let me know if I can help you. For details, click on the link below.
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Winston Rowe & Associates helps clients with their Shopping Center Financing Needs. They offer financing solutions for both large and small shopping centers. Â If your project meets the criteria
Many times we hear that a personal home isnâ€™t an investment. However, itâ€™s probably the largest transaction a person will ever endeavor. The alternative is to pay someone rent and have nothing working
Financing terms are not generally related to which state you reside in.
Many of today's loans are made without a prepayment penalty, but you can check your "Truth in Lending" disclosure to see if one applies to the loan you're applying for.... more
Many people feel that the property insurance companies are out to â€śscrewâ€ť their customers just to save the bottom line and bring big profits to stockholders.Â While there are many stories to support
There are 2 types of credit repair that I have learned and am applying today with my clients and myself.
1.) Establish new lines of credit. For example if your credit is bad you will need to apply for a secured credit card and make payments on it every month from the start to finish. You will get 30 points just for opening a new one. ( I have a personal person that I use that opens secured credit cards and secured loans and can get you up to 100 points within 6 months.). You can also piggy back on someone elses established credit card that has a high credit limit with a low balance. How you do that is ask someone you know like a relative or a best friend if they will make you an authorized signer on their credit card. All they will have to do is call their company and have them issue you a card as an authorized signer. You then tell them that they can keep the card and you just inherited their credit. ( I have personally done this with my girlfriend and my credit has jumped 60 points using her credit.) That is all you can do to establish new lines of credit.
2.) Dispute all collections on your credit. There are 2 methods on doing this as well. You can google FICO and sign up on their site and they will teach you how to dispute it yourself. I am going to be honest with you about this you will need to dedicate about 2 hours a day calling and writing letters. Option 2 is use a well known company to do all the work for you and make sure they allow you to monitor what they are doing as they are doing it. I am personally enrolled currently with Americas Credit Resolve out of Wylie, TX. I have already had 2 items removed off my credit in 30 days. It is a 6-8months program and will run you about $1000. The good thing is they assign you a website and you can log on and see the progress on getting stuff removed off your credit.
So far with both of these methods I have jumped up 100 points on my credit and can educate you on how to do this. I have direct contacts for both methods and use them on a daily basis with my credit challenged clients. In order for me personally to become a believer I tried both methods my self so that before I recommend it that I have personally used it and trust it.
Feel free to contact me anytime to learn more about both processes and how you can be elidgable to purchase a home in 6-8months. That is my plan and should be good to go at the end of summer!!
Fannie Mae/Freddie Mac guidelines do not allow future income to be used. You would have to receive a pay check first to use that income.
What you might want to try is seeing if there is a local bank or credit union that will go off an offer letter. Also, the law firm may have a relationship with a local bank that would give you a loan.... more
Hard money lenders charge exorbitant interest rates and a lot of fees. The loan is usually only for a short term. And there is usually a pretty high debt to income ratio, so that the borrower has a high stake in paying back the loan as well. These loans are used mostly by investors who are 'flipping' a home, renovating it quickly and reselilng at a profit. Investors consider the high interest rates and fees to be just a cost of doing business and, since it's a very short term loan, worth the cost in order to gain the profit at the end of the day. These lenders are not easy to find and rarely used by home owners.
If your credit score is 700, I would recommend you talk to a local mortgage banker, someone who specializes in writing mortgages, and find out if there isn't something you can do in the short term to either qualify to buy right now or in the near future. It sounds like that would be a much better option for you.... more
We offer the 5-Star Texas Advantage Program. The program, which is available for purchases and rate/term refinances, allows access to a 3% grant on FHA, VA, and USDA loans, reducing a borrower's down
I might be able to help you. I have done several buyers in this situation this year through one of my portfolio lenders. However, I need to make a determination if they will lend in Austin since they are based in San Antonio. Watch here for my answer tomorrow.
Licensed Mortgage Loan Officer
100% Home Loans All Over Texas!... more
When purchasing a home there is a lot to know.Â There is the terminology and language, the step by step process in the purchase of the home and dealing with a Dallas real estate agent. But, most importantly,
By now you are probably familiar with theÂ FHA 203k RehabÂ loan but did you know that Fannie Mae offers a rehab loan which may allow for more flexibility?Â The Fannie Mae HomeStyle Rehab loan allows for
We offer stated loans nationwide. Call us at 800 315 8803 or visit us at http://www.bartprequalifies.comÂ A Stated IncomeÂ LoanÂ is aÂ loanÂ program that does not require borrowers to document their source of
Â UPDATE 08/23/2013: Are you looking for a VA streamline with NO appraisal? and the lowest VA loan rates? Rates have moved off all time lows but still low on VA streamlines. Compare VA loan rates from