Mothers and their Day!

Mother’s day is around the corner and although I think about mine most every day, I believe it is a shame after all they do and especially mine that we only take one day to say thank you and recognize all they have done. On more than one occasion Anita my mother has saved my life or just maybe my hide, when I well deserved what was coming to me.  She healed every bruise scratch, nick and cut on every part of my body and more importantly my heart when it was broken.  She has seen me through countless bad… [Read More]

How Much Do I Need For A Down Payment?

Last month I had a new client call me and I quote “I have almost saved my 20% down payment”.  My heart sank for her.  I asked her why do you think you need 20% down, she replied “that’s the minimum required down payment”, I followed up by asking how long she had been saving for her down payment , and she replied 6.5 years. The thought of all the missed opportunity in appreciation since 2009 just made me realize again how important our job as a Real Estate Professional and Lender professional is.  It is our responsibility to continue… [Read More]

How You File Your Taxes May Affect Qualifying For a Home Loan

As it comes time to file your 2015 federal income tax return, there are a few important items to keep in mind; specifically when it comes to obtaining a home loan. Until April 15th, the tax filing deadline, lenders will use the proceeding 2 years filed tax returns to calculate income for a home loan. Below are a few items that can affect your home loan pre-qualification*: Declining Income from year-to-year – if your income has declined from the previous year to the current tax filing period, this may be a problem. Be sure to discuss this with your lender…. [Read More]

Creating Family Wealth!

Buying a home is the cornerstone to building family wealth and is often the biggest financial decision a family makes. Families fall in love with the idea of living in a new home and watching their children play in a new backyard in a safe neighborhood as they entertain their friends and family. Most people don’t fall in love with going through the loan process and taking what sometimes is a hard look at their credit and financial situation. Hiring the right Loan Officer, who knows credit and the ins and outs of loan products is essential and is the… [Read More]

Have I Missed the Opportunity to Build Family Wealth from Real Estate?

I was having a conversation with a first time home buyer this morning and I was walking him through the loan process when the question was raised, “Am I buying at the top of the market and have we missed the opportunity to create equity in our home purchase?” That’s a great question when you look at the fact that we have had above average appreciation rates in North Texas in the last 18 months. For that matter today, many real estate conversations center on housing prices and where they may be headed. That is why I like the Home… [Read More]