Texas real estate contracts provision for temporary leases for both Buyers and Sellers to accommodate for either early possession (ahead of the closing date) or deferred possession (after the closing date). Temporary leases under a purchase agreement are different from standard lease agreements in several ways, most notably: • these temporary agreements have restrictions on […]
Everyone knows that all interested party contributions need to be disclosed on the Closing Disclosure / Final Settlement Statement, right? CFPB and TRID / RESPA changes that took effect in October 2015 have both emphasized disclosure rules and placed more responsibility on the shoulders of lenders to ensure compliance. This includes preparing the final settlement […]
Yesterday, the UK voted to break it off with the EU. After the results were announced, stocks around the world plummeted and the pound took a dive. Social media became flooded with “doom and gloom” narrative touting global recession, Armageddon, and the collapse of civilazation as we know it. WHAT HAPPENS NOW? Our phones have […]
HomeStyle is a conventional loan product for home buyers either with or without mortgage insurance who want to make home improvements, renovations or repairs, and roll the costs into the mortgage. In this video, Dan Moyle with Amerifirst Home Mortgage interviews renovation lending expert, Joe Daly, about the HomeStyle Renovation Loan. HomeStyle requires 10% down, […]
If you are in the market to buy a new home, check in with Michelle Castle (Guild Mortgage, NMLS 231122 | Company NMLS 3274) to get pre-qualified AND learn about her new loan program offering down payment assistance for Texas home buyers! The Texas Bond Program 79 (also known as SETH – 5 Star Advantage Program) is […]
