Personal Service and Great Rates

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Donna and Tracey (disguised in the picture by their adorable fur babies, Panda and Bearlee) shopped online for the best refinance deal.  They were well qualified and had a great equity position so the terms of their loan had to be aggressive.  Unlike many of the online companies they were comparing me to, I actually answered their phone call!  They received a great deal and we closed in just 3 weeks!

Congrats Kevin, Kristin and Andi!

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Kevin & Kristin and their daughter Andi at closing

Kevin and Kristin were looking for a new home and as anyone knows who has sold a home and bought a new one in a short timeframe, the process can be stressful.  Linda Walker (http://bit.ly/PtAr4j) and I went to work for them.  Linda sold their current home and found them a new one in just a few weeks!  They went under contract on June 1st and needed to close by June 20th since they had to be out of their current home by then.  Many lenders would be unable to close in just 3 weeks, but we made it happen and they even reviewed their final settlement statement the day before closing.  Congratulations to Kevin, Kristin, and Andi!!

Happy homeowners!

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Alexus and James at closingAlexus and James were well qualified. They had looked at other mortgage companies, but at April Harper's (http://on.fb.me/Jicp7x) suggestion gave me a call. We quickly narrowed down the right price range and April found them the perfect home. Valente (http://bit.ly/JCmXo8) with Frist Texas and April made a great team.

We had 30 days to close, which was more than enough time! Alexus and James were even able to review their loan documents 4 days before closing. Congratulations guys! I really enjoyed working with you both!!

Hard work pays off!

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Joan and Quincy at closingJoan and I met about 6 months ago and she really wanted to buy a home.  There were a few things we had to work on to get qualified, but Joan was determined.  It took us about 4 months and she was ready!  After about a month of searching, she found the perfect home and closed today.  Way to go Joan - your hard work paid off!  Thanks to Wauketa (www.wauketajones.com) for recommending me!

Congratulations Reuben!

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Reuben and his realtor Anita at the closing table

Reuben needed to close fast. He had all his stuff together and closing in 2 weeks was ideal. The other lender he had been talking to wasn't able to get the program he really wanted and they had been non-committal about closing on time. That's when he called me. We were able to close in just a week and a half and on the program he really wanted! Congratulations Reuben and thanks to Anita (www.alusk.remaxtexas.com) for recommending me!!

Proposed down payment increase is bad for the housing recovery!

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The House Financial Services Subcommittee is proposing legislation that will increase down payment requirements on FHA loans to 5% and decrease FHA loan limits.  This legislation would negatively impact the housing market.  Our voice is vital and we have to let our congressional representatives know that as industry professionals who work with buyers on a daily basis, we are keenly aware that increasing down payment requirements is bad for the market as a whole.  If you agree and would like to write your representatives, below is a copy of the email I sent to my congressional representative.  Here is the link directly to the United States House of Representatives web page: https://writerep.house.gov/writerep/welcome.shtml.

I paraphrased the MBA (Mortgage Bankers Association) and the NAR (National Association of Realtors) positions on this issue.  To read their statements click on these links: 

Here is my email: 
"As a mortgage professional helping families with the goal of home ownership in your district I am deeply concerned with the recent proposal from the House Financial Services Subcommittee.  Proposals to further increase FHA down payment requirements will cause more harm than good in the housing market place.  
I concur with the leaders of the MBA and NAR who recently addressed congress opposing this legislation.  As they stated and paraphrased here, t
he current 3.5 percent down payment and closing costs represent a significant financial commitment for potential homeowners. Requiring a larger down payment does little to reduce risk of default compared to strong underwriting requirements and only puts home ownership out of reach for many families who have the income necessary to carry the cost of the home purchase.  Policymakers need to carefully weigh their desire to decrease risk by raising minimum down payments versus the certain and dramatic negative impact such a change would have on the availability of loans to low-to-moderate, first-time, and minority home buyers.  The Mortgage Bankers Association's most recent National Delinquency Survey, released last week for the first quarter of 2011, shows that the FHA delinquency rate is down a full percentage point relative to last year, and the foreclosure start rate is down about 50 basis points.  Furthermore, FHA is the only government agency that operates entirely from self-generated income, costing taxpayers nothing. In fact, FHA programs have helped bring net revenue to the U.S. Treasury, helping reduce the budget deficit.  Lastly, allowing the current loan limits to decrease will have an immediate negative impact on mortgage availability. FHA has played a critical role in holding down mortgage rates. Without FHA, the higher mortgage rates paid by consumers would flow into noncompetitive banks that are too big to fail.  Thank you for your time and attention to this extremely important issue."