Dave Your Mortgage Guy's Blog

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Mortgage and Lending - www.DaveYourMortgageGuy.com - Legend Lending - NMLS #293883

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2010 

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Yesterday (april 27th) the House of Representatives passed Rural Housing Preservation and Stabilization Act of 2010 (H.R. 5017).  This will allow for USDA mortgages to have funding again.  It is in the Senate now for voting and should be passed soon.  This is great news!  There has been a signifi...
04/28/2010

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Here is your weekly mortgage rate update: Conventional 30 year Mortgage: 4.875% Credit score:740 LTV:80% Loan Amount:$200k APR: 5.125% FHA 30 year:4.75% Credit Score:640 LTV:96.5% loan amount:$200k APR:5.30% Conventional 15 year:4.25% Credit score:740 LTV:80% Loan Amount:$200k APR:4.5%   Please c...
04/28/2010

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Here is your weekly mortgage rate update: Conventional 30 year Mortgage: 4.875% Credit score:740 LTV:80% Loan Amount:$200k APR: 5.125% FHA 30 year:4.75% Credit Score:640 LTV:96.5% loan amount:$200k APR:5.30% Conventional 15 year:4.25% Credit score:740 LTV:80% Loan Amount:$200k APR:4.5%   Please c...
04/21/2010

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This is great info from Kathy Kipp, that I wanted to pass along.  www.DaveYourMortgageGuy.com.  Southwyck Golf Club scored in the top 3 Houston area golf courses for "Best Value" according to a recent Houston Chronicle poll. Southwyck Golf Club is a links style golf course which meanders through...
04/20/2010

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Fannie Mae has recently changed their guidelines for someone with a past foreclosure, short sale or pre-foreclosure.  In short, if your buyer(s) had a foreclosure, sold the home before foreclosure and the process had started or a short sale this affects them. Here are the changes:   If your buyer...
04/15/2010

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Here is your weekly mortgage rate update: Conventional 30 year Mortgage: 4.875% Credit score:740 LTV:80% Loan Amount:$200k FHA 30 year:4.875% Credit Score:640 LTV:96.5% loan amount:$200k Conventional 15 year:4.375% Credit score:740 LTV:80% Loan Amount:$200k   Please call me with any questions today.
04/14/2010

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FHA has announced that they now accept electronic signatures. So if you use(and Love) Docusign, FHA now accepts those contracts. This is great news and will save some trees. Please call me with any questions.
04/13/2010

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Here is your weekly mortgage rate update: Conventional 30 year Mortgage: 5.125% Credit score:740 LTV:80% Loan Amount:$200k FHA 30 year:5% Credit Score:640 LTV:96.5% loan amount:$200k Conventional 15 year:4.375% Credit score:740 LTV:80% Loan Amount:$200k   Please call me with any questions today.
04/07/2010

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For quite some time there has been companies marketing that you can get a free credit report.  But that report is not always free.  Many of these companies then offer other services once you applied for their free credit report.  Services such as credit monitoring, credit repair, etc.  Worse is t...
04/06/2010

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Forbes.com recently did an article on which major cities had the lowest mortgage rates and the lowest mortgage delinquencies.  Well, HOUSTON came in #2.  Their research was done from Jan 2008 thru Jan 2009.   Since Houston's housing market was not hit as hard as some, this kept many home owners f...
04/01/2010
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