Home Buying Tips

Recently while at a family gathering, you told an aunt you and your husband were thinking about buying a house in Spring Texas.  Your aunt’s response was “You need to call your cousin, Joe. He’s a Realtor®”.  Cousin Joe’s a Realtor?  When did this happen?  Last you heard he was working at Home Depot.  Your aunt’s response was “Yes, Joe does still […]

Did you know your lender is required to pull your credit score right before closing?  That’s right and a drop in your credit score could stop you from getting full loan approval.  And without full loan approval you will not be closing and you will not be moving into that fabulous house in Spring Texas. […]

It was just last October 8th when the FHA increased the monthly mortgage insurance premium from 0.55% to 0.9% and now on April 18th, 2011, the FHA is hiking the premium again.  This time the mortgage insurance premium will increase to 1.15% for 30 year loans with a Loan to Value (LTV) ratio of greater than 95%.  How […]

One of the most misunderstood items in the home loan process has to be the pre-approval letter. The pre-approval letter is the letter your Realtor® said you needed to get before viewing Spring Texas homes for sale. So away you went and met with a loan officer and got yourself one of those pre-approval letters. You then went out […]

For the average 2,500 square foot home in Spring Texas, the inspections if they are all being performed by the same home inspector, will take approximately 3.5 to 4 hours to complete.  The time for the individual inspections are mechanical and structural – 2 to 3 hours, wood destroying insects (WDI) – 30 minutes, and pool and […]