Author Archives: theloanman

When the FHA Loan Guidelines change on October 15, it will be good news for thousands of would-be homeowners who fell into financial difficulties in the recent downturn. Under the new guidelines set forth in Mortgage Letter 2013–25, it will … Continue reading →

We all know what borrowers want – a lender who will get them the loan they want quickly – and at the lowest possible rate with the lowest possible fees. We’re pleased to say we meet that want for home … Continue reading →

The news is out: Bankrate.com did a survey of 2013 Closing Costs and learned that in most states they have risen 6% over 2012 costs. Loan origination fees jumped the most – going up 8.4%. Why? Is it really costing … Continue reading →

A new battle is heating up in Congress, as lawmakers debate the demise of Fannie Mae and Freddie Mac. These government-controlled mortgage guarantee giants either own or guarantee nearly half of all U.S. mortgages – including nearly 90% of all … Continue reading →

Dallas Morning news recently published a report indicating that the average cost of a $200,000 home loan in the U.S. ranged from a low of $2,119 in Wisconsin to a high of $2,919 in Hawaii. This figure excludes the cost … Continue reading →

Those of us who live here know that Texas has a lot to offer: great universities, sports teams, cultural and civic attractions, good weather more of the time than not, and friendly people. But… some other communities also offer similar … Continue reading →

Several factors can prevent a mortgage loan from closing on time – or from closing at all. Those reasons include loss of a job or changing jobs, failing to pay bills on time, making application for a new credit card, … Continue reading →

Texas was one of the last States to enter the recession and is now leading the recovery. In fact, as of December 2012, there were more people employed in Texas than ever before – and there are more people. According … Continue reading →

Understanding the how and why behind today’s bouncing mortgage interest rates almost requires a degree in economics. It also requires understanding of how both the stock market and the big banks react to events affecting the global economy, news from … Continue reading →

While consumers across the nation hesitate in fear that the economy could worsen, causing home prices to drop once again, Texas homebuyers need not fear. Jobs are the key to a healthy housing market, and Texas offers jobs. According to … Continue reading →