Mortgage Loans

The Next Generation of Real Estate Addicts: Teenagers in Generation Z Say They’re Willing To Make Sacrifices For Homeownership

By Joanna England / September 17, 2014 / 1 Comment

You know those Millennials and how they want their mortgages with cheap rates and minimal down payments. They want speedy pre-approval and closings with no hiccups. And they want it all right now. If that seems demanding, well, that’s the Millennial generation for you. The interesting news is, according to a recent survey by Better […]

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Making it Rain? Not so Fast! Banks Ease Lending Requirements, But New Mortgage Rules Will Manage Some Risk

By Joanna England / June 25, 2013 / 0 Comments

Interesting story in the Los Angeles Times. According to their business desk, banks are easing lending restrictions and lending more freely, using “creative financing,” which could bring more risk to the market. The story, which talks about “piggyback financing” and other risky mortgage loans, says that with higher prices comes more risk in housing finance. […]

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Expert Advice: Ready For Fewer Closing Documents? Marcus McCue Says Changes might make it a reality

By Joanna England / October 30, 2012 / 0 Comments

  Changes are coming to some of the key documents that homebuyers sign when they close on a mortgage loan. Government agencies are behind these changes, so it should come as no surprise that they’re late. The changes to the Good Faith Estimate, Truth-in- Lending Disclosure and HUD-1 Settlement Statement — required by the Dodd […]

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Dallas Real Estate Financing: What Are We Going To Do About Mortgages for the Self-Employed?

By Candy Evans / April 28, 2011 / 0 Comments

Update to the mortgage story. As I said earlier, mortgage broker Ron Schulz told me over the weekend that the biggest hurdle in mortgage financing now is finding mortgage loans for the self-employed. Those deals are near impossible because most self-employed work off K-1 income to control/limit taxes so when they go to get a […]

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Dallas Real Estate News: You Can Get a Mortgage if You Have a W-2

By Candy Evans / April 27, 2011 / 0 Comments

I was in Southlake over the weekend, and on radio 1160 am with renown mortgage broker Ron Schultz. He said what I’ve written now about a hundred times: there are loans out there for folks with good credit scores and W-2s. The biggest problem is finding mortgage loans for the self-employed. Those deals are near […]

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