The Divorce Loan...

Good Morning!

If you are getting a divorce, and you have to pay your spouse their share of the equity of your home don’t use a traditional Texas Home Equity loan to do it.

Use an Owelty loan to get the cash out of your home instead.

The advantage of using an Owelty Loan over a Texas Home Equity loan is that we treat them as a regular rate and term refinance (not cash out rates – which are higher).

You can also get above 80% of the value of your home with an Owelty Loan, and you can’t go above 80% with a Texas Home Equity loan.

So, if you are in this situation, or you know someone who is – and your loan officer has told you that you don’t have enough equity to cash out the ex-spouse, just tell them that you need an Owelty loan.

…or, better yet – just give us a call and we can help you!

That’s it for today!

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

Brett

Get Pre Approved For A Loan Here

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What To Do If You Can't Get A Loan Right Now...

Good Morning!

If you are wanting to purchase a home, but you aren’t able to qualify now – here’s what you need to do…

1) Isolate the reason you can’t get a mortgage now. (We can do this for you).

2) Make a plan to solve this problem.

If credit is the reason you can’t get a loan now – you need to know exactly where you are now.

…and, you need to know where you need to be for a loan.

We would like to help you create a plan.

I’ve seen many success stories of borrowers that had a plan to follow and did whatever it took to execute that plan. In a matter of a couple of months to six months, they are usually ready for a loan.

…not only that. It gives a person confidence and purpose when you have a clear goal, and a plan to achieve that goal.

So, contact us and we'll help create a plan for you. …and the best part is that we do this as a free service to you!

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

Give Yourself An Advantage When You Make Your Offer To Buy...

Good Morning!

 

Hope you are well!

 

The real estate market (at least in most areas of Texas) is slowing down a bit.

 

Property is not appreciating quite like it was.  Homes are sitting on the market longer, etc.

 

In this market you need every advantage you can get as a buyer.

 

If you are thinking about buying a home in the near future I recommend you go ahead and get a TBD (to be determined) approval.  This is a legit full underwriting approval of your file before you find a home.

 

This will carry much more weight when you make an offer on a home, and increase the odds of your offer being accepted.

 

...and, when you do find a house we can close quickly because you are already approved!

 

If you want to get this done, let us know.  It's easy and we can do it quickly for you.

 

That's it for today!

 

Thanks for reading!

 

Brett

 

Get Pre Approved For A Loan Here

 

My Previous Blog