How fast can a VA loan close? What documents are needed?
Loans can close promptly, however there are a lot of moving parts to a home loan. Also know that it's not 100% the lender who dictates the timing, but the appraisal, your responsiveness and ability to return documents, and title.That being said, a couple of weeks can be realistic, but remember, it comes...

Question about switching jobs
Call your lender ASAP for advice on this! Typically your new employment must commence prior to your close date; some lenders might have an overlay requiring a paystub or two. At minimum they will need to complete a written verification of employment to confirm your new role.Don't accept it / quit your...

What is the best no cost refinance rate out there? We are in Grapevine, Texas
That is going to change daily, and will depend heavily on your credit score, loan to value, and other factors! There are a number of ways to approach a refinance; you can opt for a higher rate and pay less in closing, but it might not be the most cost effective. You can potentially roll in some of your...

Is it worth it to lock or should I hold off for a month or two?
Well that's a tough one, my crystal ball isn't working well today! All signs point to locking sooner than later. Being pretty conservative myself, I would say the risk of rates going up is much higher than the chance of them going down by much, and while they fluctuate some days for the better, you'll...

Do any jumbo programs allow for less than 20% down?
Depending on the cost of the home, it's possible to explore a 2nd lien to cover the loan amount above $417,000. This can be a good way to avoid mortgage insurance and get into the home you want.

Is this good time to lock rate today (5/29/2014)?
Great question! Rates have actually slowly crept up a tick today. I would say being less than a month out from closing, lock. We're at our lowest in nearly a full year, and a 4% is a historically very low rate. I am encouraging anyone who is currently floating and closing in the next 30 days to go ahead and lock...

What is the average closing time for a va home loan with a 640 credit score in TX?
There are a number of factors that play into closing times - if planets align and things come in as they should (title, appraisal, inspections, your documents, etc), then it can be a couple of weeks and done. A more realistic timeline would be somewhere in the 30 day range; this allows ample time for...

Is it advisable to pay points to get advantage of lower rates?
There is typically a point when the buydown does not make sense- the best thing you can do is get in touch with a lender that you are comfortable with and visit the ratesheet together, to figure out what the best rate would be for the amount spent. I'm sure it'd be easy to utilize the full 2 points, but if your...

Is 15 years loan (3.25%) better or taking 30 years (4.25%) loan first and pay early would be better option to be safe?
If you qualify for the 15 year loan, and are comfortable with the payments, then that's the way to go. You'll save more interest that way. You can certainly pre-pay the 30 year, but when you have the option of paying less, it's easier to do so and drag it out. If you'd like to run through some figures together,...

I have a 5/1 arms loan do I have to wait til that contract ends to refinance....
No, and now is a GREAT time to explore your options. Loans haven't had a prepayment penalty for some time now. Call me, lets discuss 214-769-5213

I'm waiting to lock in an interet rate on my home I'm closing on in August. Today it is 4.375% Should I lock in or should I wait until next week to see what happens?
I'd look at locking sooner than later; and there might be better out there for you for a rate. Give me a call if you'd like to explore, 214-769-5213

va irrrl rates for my credit
Based on limited information, I would be looking around a 3.375%. This rate is not guaranteed and I would have to look at several things (including your tri-merge credit report) to verify and qualify you; your APR will be dependent on a few things as well. Give me a ring or send me an email, let's talk so I can...

Can first time home buyers with fair credit qualify for USDA loans
Absolutely. There are income and area eligibility requirements, as well as credit requirements, however if you your credit is in decent shape and you have sufficient income, you can qualify for USDA. The best thing to do would be to fill out an application with a loan officer, and see what the best...

Refinance Mortgage
Closing costs consist of several items! Some items are not controllable by the lender- such as title work, appraisal, and survey (if you don't already have one). Another cost at closing that the lender typically does not have control over are escrows (the money utilized to pay your taxes/insurance). ...

buying a house before selling
Good question. Your unsold house is already collateral for the current mortgage, so cannot be for the new mortgage. If your old house is paid off/paid for, or there is sufficient equity there, it's possible to borrow against the equity to pay 'cash' for your new house. Unfortunately, unless you...