Mortgage Report Bob Mortgage New

Just this past week, President Donald Trump issued an executive order that loosened lending restrictions instituted by Dodd-Frank. How will this, combined with the Fed’s recent uptick in interest rates, affect mortgages? Bob Johnson (AKA BobMortgage) shares his opinion in today’s Mortgage Report.

You may know him as Bob Johnson, the senior mortgage advisor at Wallick & Volk, the nation’s oldest privately-held mortgage company. Bob Johnson has helped more than 25,000 families get into the homes of their dreams, in 20 plus years of lending service.

Now with five offices across the DFW metroplex, the nation’s oldest mortgage firm is helping thousands of consumers get into homes with the most up-to-date financial information possible. Wallick & Volk brings experience and integrity into every single loan, but they also deliver a highly personalized touch that conforms to each client’s need. Is it speed of delivery, unique products, total transaction transparency, or great pricing you need? Wallick & Volk has it all in a broker-friendly banking platform that can do the impossible when it comes to home financing.

THIS WEEK: Loosening lending restrictions and increasing interest rates make for an interesting mix in the mortgage market.


647 Bizerte Avenue Back Fountain

If you need more proof about why Oak Cliff is poised to be the next scorching hot area in Dallas real estate, I present this midcentury split-level in Wynnewood. This is such a great opportunity for someone who wants to customize a home to their taste with minimal effort involved. It doesn’t hurt that this listing from David Griffin & Company agent Paul Kirkpatrick sits right on a pond with a beautiful fountain. For a lot and view like this in the Park Cities or Preston Hollow, you’d end up paying closer to $800,000 and upwards, and that’s just for the lot. 

But here in Wynnewood, you can score 647 Bizerte Avenue for the bargain price of $485,000. Even more incredible is that this home is priced at almost $10,000 below the DCAD appraisal of $494,230.

647 Bizerte Avenue Front

I expect that Kirkpatrick will get quite a few offers on this week’s High Caliber Home of the Week, sponsored by Lisa Peters of Caliber Home Loans. If one of those offers is yours or your clients, contact Lisa Peters today to make sure that you can sail through pre-approval to put in your highest and best offer. From start to close, Lisa Peters at Caliber Home Loans provides an unequaled level of service and support!

Jump to see what else this 1958 split level has to offer!


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Cheryl Brown started at Guardian Mortgage Company in 1982 as a loan processor in the original Grand Blanc, Mich., office. Thirty four years later, Brown is the senior vice president, head of operations at the company. What a wonderful success story, one that also tells us just how dedicated Guardian Mortgage employees are to the company. You just don’t hear of long-term, ladder-climbing employees anymore, and this is a welcome message!

But that’s not the only reason we’re singling out Cheryl Brown as our Guardian Angel of the month. We also want to praise Brown’s adaptability in the ever-changing regulatory landscape of the real estate business, and her focus on customer satisfaction.

Learn more about Brown and her journey after the jump!


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With its brand new Dallas office at 5910 N. Central Expressway, Suite 725, Guardian Mortgage Company has expanded its Texas footprint to six offices, with 12 total locations nationwide.


Wade Betz

The company currently operates offices in Grand Blanc and Troy, Michigan; El Paso, Plano, Arlington, Richardson and San Antonio, Texas; Santa Fe, Los Alamos and Albuquerque, New Mexico; and Scottsdale, Arizona. Offices in Denver, Colorado are slated to open later this year.

The new digs, just off of Mockingbird Lane in the Merrill Lynch tower, will be helmed by Wade Betz. Betz, a New Orleans expat and SMU alum, has been a steadfast presence at Guardian Mortgage Company for more than a decade, and will ably lead the new office as branch manager.

“I’ve worked for the company for over 10 years, and this is an exciting time for us,” Betz said. “I’m so excited to spearhead this new venture for Dallas homebuyers.”

The new branch is now open and serving Dallas-area buyers, and Betz is on the lookout for experienced loan officers to join his team.

“We want the best of the best,” Betz said. “Our buyers deserve nothing less!”



Skyrocketing prices and appraisals are good news for Dallas homeowners who want to sell, but what about those who want to buy? According to data just released by Apartment List, 79 percent of Millennials who are renting would prefer to own a home, but cite high prices as the biggest barrier to homeownership.

The data, which comes from 30,000 Millennial renters surveyed by Apartment List, shows that those who want to own a home are putting off their purchase until at least 2018. But if housing prices continue to rise, could the affordability gap grow, too?



We love hearing stories that really put a face on the good people in the home loan industry, which is why we’re so thrilled to feature Pete Amaya of Guardian Mortgage Company on the blog today. He’s this month’s Guardian Angel, and we love that he’s putting down roots in Prosper, building a new home, and using Guardian Mortgage as his lender. If that’s not loyalty, we don’t know what is!

Jump to read more about Amaya, who is quite the gardening enthusiast, and why he chose a career with Guardian Mortgage Company.



When Michael Lima’s father started working with the U.S. military, his family lived off the coast of Portugal on the Azores Islands. From there, he’s lived all over the globe, but chose to settle down in the great state of Texas. But even more remarkable is how this longtime mortgage professional chose to make a career at Guardian Mortgage.

You’ll have to read our great Q&A with Lima to get that interesting story, but you’ll also learn about what an amazing businessman Michael Lima is, easily earning him the title of this month’s Guardian Angel. See why we’re spotlighting the incredibly talented professionals at Guardian Mortgage every month by learning about the people who make this company great.

Jump to learn more about Michael Lima, and check back on the blog every month to meet a new Guardian Angel at Guardian Mortgage.



Do you use both sides of your brain? This month’s Guardian Angel Ricky Phillips does. Not only does he love the problem-solving, number-crunching aspect of being a mortgage officer, but he’s also deeply smitten with the color-coordinating, detail-minding aspect of owning his own interior design business.

Methinks that Phillips would be a great one-stop-shop for first-time homebuyers as they find just the right loan for their dream home and just the right decor, too.

It’s that kind of attentiveness and creativity that makes the professionals at Guardian Mortgage stand out in the crowd. Jump to find out more about Phillips and how he helps people live their dreams in both of his professions.