Buying a home can be a stressful time. Between deciding whether to use a real estate agent to narrowing down house choices, there is a great deal to think about. After the long process of finding a suitable home and negotiating a fair price is finished, there is still one extremely important step before you can move into your new residence. This last step is among the most important as it can have a significant effect on your financial situation for as long as you own the home. Indeed, figuring out the bank from which you will take out your home loan and securing the right terms for the mortgage is a decision that leaves a lot of home buyers scratching their heads.
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"You've done the legwork. Let me do the paperwork."Jeff Kessler,Broker,GRI
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512.53S.ALES (7.2537) Direct
Going forward, the FHA will disallow the removal of MIP throughout the life of a loan, if the loan's starting loan balance is higher than 90% of its appraised value. This is true for purchases and refinances.
For loans in which the loan-to-value begins at 90 percent or less, mortgage … [Read More...]
This site is intended for clients that are not currently registered with a Broker. If you have a current Buyers Representation Agreement signed with another Texas real estate Broker, please contact your Agent or Broker. Texas Real Estate Commission Consumer Protection Notice