If you do not know much about refinancing your home in the Brazos Valley, I can give you a few reasons why it is a good idea. 1. A rising mortgage payment due to an ARM loan resetting 2. Eliminating Private Mortgage Insurance (PMI) payments 3. Using home equity to fund an important purchase 4. Consolidating your first and second mortgage to reduce your overall payment 5. Consolidating credit card debt or other high interest debts If you have not had a mortgage check-up in awhile...Continue Reading!
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Fannie Mae foreclosures in the Brazos County become available for sale under a First Look Program which is designed to put homeowners in the home to help stabilize neighborhoods and so that homeowners do not have to compete with investors. During the First Look Marketing Period a property can only be sold to a qualified buyer. The First Look Marketing Period is 15 days after (more…)Continue Reading!
What is a Credit Score? Who decides what your Credit Score is? How does the score affect YOU with your Home Mortgage? How do you improve your Credit Score? Who do You ask for help with your Credit Score if you are wanting to purchase real estate in Bryan College Station? What is a Credit Score? Your Credit Score is a number, up to 850 that lenders, insurance companies, banks and employers use to determine your "worthiness", willingness to pay, past stability and ability to...Continue Reading!
Bryan, TX -- In a slower real estate season, what good is your appraisal? Verdad Valuation Services owner Kelly Seaton says plenty. It's still a reliable tool to know when a buyer presents the seller with a low-ball offer or when it's a good deal. "In June and July when business is booming, sales data was plentiful. Last months sales were a good indicator of a property's present value," Seaton said. "When there is a sudden shift in...Continue Reading!
Last time we learned that PMI, like PMS, doesn't last forever. Aside from home owners asking for it to be removed and aside from lenders terminating it when the principal balance of the loan reaches 78% of the original loan amount, there is another way to have it eradicated. For people living in areas where their home value has risen, the value could actually exceed the amount of principal owned on the mortgage. In this situation the lender is under no...Continue Reading!
With all that is going on in the mortgage and banking world right now, don't you wonder WHY? Why did this mess begin? What started it? Didn't anyone see it coming? Yes - someone saw it coming. The New York Times actually reported it coming back on September 30th in 1999. How many years ago is that? Maybe it was while Clinton was President, not George Bush.... In 1999 Steven Holmes from the New York Times wrote that Fannie Mae was under...Continue Reading!