Tom Burris

"Texas Home Loans & Beyond!!"

I'm a:	Real Estate Professional
Company:	DallasLoanGuy.com
Location:	Texas Dallas
Web sites:	Texas Home Loans & Mortgages
Phone:	(214) 763-4629

107 Answers
1 Best Answer
29 First Answers
45 Useful Answers

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Testimonials

"Tom, Before we heard about you.... we NEVER thought we could own a home. Every time we got our heads above water, something would happen. We would make a mistake or the medical bills would be back. Thank you, thank you, thank you for taking the time to work with us. You have made our dreams come true Susan"
Susan Fri Mar 10, 2006

"I want everyone to know that I first started asking Tom questions even before my BK was discharged. There were several months I emailed and called him even before I applied for my mortgage. He was great throughout the whole process and even called to follow up after we moved in. Tom was always a calming influence and patiently listened to me when I was freaking out. Overall it was a fairly quick close--less than 30 days from when I first put in an offer on the house. Oh--and there was only one big surprise at the closing table..... fees were LOWER than quoted!!!! THANKS TOM!!!!!! See ya when it's time for re-fi"
Gwen Sat Jun 24, 2006

"When I first contacted you, I was basically scared to death about what my options were going to be when my present mortgage starts to "adjust" this November. Thanks to your work, I feel much better now. (So are you going to use that for a testimonial on your website) LOL Thank you, Lisa"
Lisa Tue Aug 22, 2006

"Hey Tom- how are things treating you? Just wanted to let you know that everything is great over at the new house and Nick and I are expecting our first child. Thank you for everything you did to help make this happen for us. Hope you have a great new year!"
Christy Wed Jan 10, 2007

"I'm overjoyed, but exhausted. Moving is no joke. I have limited access to the internet after 2pm; my services are not setup at HOME :-) yet. I am working on my dallasloanguy.com testimony right now!! I can't thank you enough for all of your help. Never in my wildest dreams would I have thought that the process would go as smoothly as it did. I've got to share photos of what we've done with the place. K. R. Houston, TX"
K.R. Tue Nov 6, 2007

"Tom, Of course we're now on the homestretch and we still don't know if underwriting is going to tell us to kiss their behinds or not...BUT I wanted to personally thank you for your time, patience, honesty, and everything you've done for us. You represent your profession very well. As you know we were faced with dealing with some not so good brokers but you sir, have really impressed me. I will send EVERY person I know your way not because you're a "yes" man but because you are a "honest" man who will lay the facts out for your clients and work with them to the best of your abilities. Thank you Tom. Again and again. And again. Love, The Doss Family"
Tosh Fri Jun 20

My Q&A View all >>

Tom Burris's Questions (1)

Tom Burris's Answers (107)

Why won't bank consider FHA for REO, I'm preapproved,?

Asked Fri Nov 14 2008, 06:47 by Heather - Corpus Christi - Home Buying - 6 answers

Tom Burris answered:

In my experience.... the bank doesn't want to do any repairs and they already know that it will not pass inspection. So, in their short sightedness..... they just take conventional only which leaves 60% of th potential buyers out. - Fri Nov 14 2008, 10:41

My husband and I will be using a VA loan again to buy a home in the Arlington area soon.

Asked Thu Nov 13 2008, 06:21 by Wendy - Arlington - Home Buying - 6 answers

Tom Burris answered:

Hi Wendy!!

Yes, VA still offers 100% financing(zero down).

The published ratios are 31%/43% with the first number being housing ratio and the second number being total expense ratio(house principle + interest + taxes + insurance + homeowner's association dues + all debts).

These are published guidelines for a manual underwrite.... if accepted by Automated Underwriting(the computer says yes or no) then we could accept higher.

If you have high scores and savings.... the computer usually accepts higher ratios. If you have low scores and no savings, then the computer will be a little more conservative.

The only way to know is by applying with a lender that does VA loans. Please let me know if I can answer any more questions.

Good Luck!!

Tom - Thu Nov 13 2008, 20:06

Question about mortgage payment?

Asked Thu Nov 13 2008, 06:19 by Elizabeth - 76179 - Home Buying - 7 answers

Tom Burris answered:

Hi Elizabeth!!

It will depend on down payment and loan program.
What are your credit scores?
How much do you want to put down?
Have you looked into homeowner's insurance for this property.... it can vary.

Feel free to contact me here or directly for follow up. - Thu Nov 13 2008, 19:41

ive been trying to buy a home for the past 2 years and ive found alot of them that i loved the only problem

Asked Wed Nov 12 2008, 10:40 by Delia - McAllen - Home Buying - 6 answers

Tom Burris answered:

You are close. Do you have a copy of your credit report? I do free one-on-one credit consultations. Maybe we can get that score over 560 or 580 real quick.

The job. What was he doing before? - Wed Nov 12 2008, 10:48

Is it important or recommended to hire a home inspector for a new construction home?

Asked Sun Nov 9 2008, 21:17 by Vero - 77584 - Home Buying - 13 answers

Tom Burris answered:

You would be crazy to buy ANY home without an inspection.
New construction usually comes with a warranty.... but, that is only good if something breaks right away. - Sun Nov 9 2008, 22:09

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