Short Video From Me To You - Smart Mortgage Shopping...

Good Morning!

Hey you guys!  ...changing it up this morning.

Made a little video for you in an attempt to make you a smarter Mortgage shopper.

It's short, but I promise you will learn something...  http://somup.com/cY1UI8QBM4

Have a great day!

And, thanks for reading!

Brett

Get Pre Approved For A Loan Here
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Video For You - How To Buy A House In Prosper And Celina With No Money Down...

Good Morning!

Check out this landing page I created with a little video on how to buy a house in the Prosper and Celina area with no money down.

Even though this was focused on Prosper and Celina, honestly it would apply to most areas of Texas.

Here ya go...   https://www.berkshirelending.com/usda-video-report/

That's it for today!

Thanks for reading!

Brett

Get Pre Approved For A Loan Here
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Good Time To Get Rid Of FHA MI...

Good Morning!


If you have an FHA loan that means your mortgage insurance is permanent.  It will always be part of your payment.

If you feel you have a 20% equity position or better in your property - it's a good time to refinance into a Conventional loan to get rid of your FHA MI.

It's a great time to do this because Conventional rates are at historical lows right now.  The odds are your payment would drop significantly.  ...or you can keep the same payment and drop the term of your loan to 20 years or 15 years.

If you would like to see if we can switch you over to a Conventional loan to lower your overall payment – just let us know.

We'll be happy to help you out!

That’s it for today!

Have a good day today! …and thanks for reading.

Brett

Get Pre Approved For A Loan Here
My Previous Blog

Best Priced Loan Right Now...

Good Morning!


If you are in the market for a house right now we are in a bit of an unusual time in the Mortgage world.

Traditionally, FHA loans beat all other loans on pricing (particularly for low down loan options).

However, this isn't the case right now.  Government insured loans are still priced high.  

Conventional loans are blowing them away right now.  I'm seeing some rates in the high 2's for 30 year fixed mortgages.

So, if you need a loan to buy a house - focus on Conventional mortgages right now.

That's it for today!

Thanks for reading!

Brett



Get Pre Approved For A Loan Here
My Previous Blog

3% Down Conventional Loan Product...

Good Morning!

Here’s an easy way to put down only 3%, pay no up front Mortgage Insurance, and get a very competitive rate…

…It’s Fannie Mae’s 97% purchase product!

Here are some of the important features of this product…

1) Owner-occupied primary residence only, for first time home buyers.

2) Minimum 620 FICO score.

3) Seller contributions up to 3% of sales price.

4) 1-unit attached and detached single family residence, attached and detached PUDs.

5) Purchase and rate/term transactions.

6) Maximum DTI determined by Automated Underwriting.

7) 15, 20, 25, and 30-year loan terms.

8) No up front MI (like you would have on FHA).

9) Loan amounts up to conforming limits (510,400k in Texas).

This is a great product.

If you meet the credit criteria listed above, and you only want to put 3% down on a house – then call us and we can help you with this.

That’s it for today!

Have a good day today! …and thanks for reading.

Brett

Get Pre Approved For A Loan Here
My Previous Blog

Fed Meeting Today...

Good Morning!

Just a "heads up" - The Fed is meeting today at 2:30 easter time.

They are expected to solidify their emergency bond buying plans, by essentially making it official policy for now.

It's hard to say exactly how the market will react to this, but it would be friendly to bonds, so I wouldn't expect any dramatic reactions.   ...unless they throw us a curveball.

That's it for today!

Thanks for reading!

Brett

Get Pre Approved For A Loan Here
My Previous Blog

Getting A Loan After You've Been Out Of Work...

 Good morning!

If you have recently been out of work, and now you are working again – here’s what you need to know to buy a house…

I wanted to go over the FHA guidelines with you on a borrower returning to work in case you or someone you know is in this situation.

There are just a few main guidelines that FHA likes to see for the borrower in this situation to be eligible for financing…

1) Current employment of at least six months.

2) Documentation of two years of employment prior to the absence. Acceptable documentation includes w-2’s, paystubs, or a written verification of employment.

3) Acceptable scenarios include an individual who took several years off to raise children, but has now returned to work.

If you know someone in this situation and they want to purchase a home, have them give us a call and we’ll try to help!

That’s it for today!

Have a good day today! …and thanks for reading.

Brett

Get Pre Approved For A Loan Here
My Previous Blog