Loan or Financing Contingency Loan contingency is the period of time the seller is giving you to obtain full, formal loan approval. It is important to include a financing contingency in your offer, as it makes the transaction dependent on you receiving the mortgage you've applied for. It specifie
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05/22/2011
USDA Will Have Monthly Mortgage Insurance USDA Rural Development and its loan program were designed to help improve the economy and quality of life throughout rural America. The program continues to remain a wonderful option for qualifying homebuyers, with zero down payment required.But a change
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05/17/2011
FHA MIP Changes Effective April 18 2011 Its only a week away for yet another change which will effect homebuyers in Frisco Texas. A few weeks back, it was announced within HUD Mortgagee Letter 2011-10 that there would be an increase in the Annual Mortgage Insurance Premium for all new FHA Case N
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04/11/2011
Sometimes its opportunities like this that allow you to meet a fellow activerain member. As you will read below, Richard Weeks was kind enough to invite me to speak during a portion of his Finance Class in Plano over the weekend. I had a really great time and especially enjoyed talking with Rich
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04/11/2011
Okay, my suggestion is to watch the second video first because its so funny. The 1st video is an audition tape, which is also funny... but the second video really shows Zach's personality. So, if you are going to only watch one of the videos, you should make it the second one. Classic!Meet Zack
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03/28/2011
I could rewrite this blog, but honestly Gerry has already made it short and sweet... plus he added an easy link for further details. :-) Beginning October 1st the USDA will implement a change that will effectively result in "monthly private mortgage insurance" for this valuable program. Do you k
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03/28/2011
I FINALLY created my own logo. Its something I tossed around for months but just could never come up with the right look, feel. Well, about 2-3 weeks ago something said "Just Do It" (and it wasn't Nike), but it was something I heard from Houston Raincamp - Art Williams 'Just Do It'. This video is
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02/15/2011
At Legacy Texas Mortgage, we understand that our customers want convenience and efficiency when applying for a loan. You shouldn't have to suffer through mountains of seemingly endless paperwork, and by applying through Legacy Texas Mortgage you don't have to. Here are just a couple of ways Leg
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02/09/2011
Sure I can just QUOTE you a rate, but it probably won't be accurate. Will that be acceptable to you? Of course not! This post is sparked from a recent email inquiry I received. The email asked for a 3.5% rate on a 30 year mortgage. Thats right... 3.5% mortgage product. After asking a few question
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01/23/2011
If you are looking to sell your home in Frisco TX, then this is the class for you. Loreena Yeo of 3:16 team REALTY will be hosting a class at the Frisco Athletic Center. The cost is only $15 per family and will be filled with great information for selling your home in todays market. The classes w
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01/20/2011
