Jan
18
What Homes Qualify for a Veterans Land Board Loan?
Posted by mjandmack under Financing, For Buyers, For Realty Professionals
DID YOU KNOW…
As a Texas Veteran when buying a home that there are home requirements that a home must meet.
HOMES must meet the following requirements:
Home must be in Texas
Home must be a primary residence
Home must be a single family home, townhome, condominium, or P.U.D. (planned unit development)
New homes must meet ONE OF THESE:
HERS (Home Energy Rating System) rating of 75 or less
Meet the Environmental Protection Agency Guidelines for Energy Star qualification AND be labeled and certified as Energy Star
A copy of the Energy or HERS rating certificate must be provided and included in closing file
Duplex or multi-family units must have been constructed at least 5 years prior to closing date
Home must be occupied by the veteran within 60 days after closing of the loan
Have questions…give us a call
361-463-1582 or 361-205-1123
Additional VLB available at:
http://www.glo.texas.gov/vlb/veterans-benefits/veteran-loans/home-loans/index.html
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Oct
6
Located On A Secluded Shoreline
Posted by mjandmack under For Buyers, For Realty Professionals, Listings, Regional News
Just Listed
Beautiful Beach House located on a secluded shoreline… 2309 Shell Ridge Road… 2 bedrooms, 3 baths, observation deck..outdoor shower…
FISH OFF YOUR FRONT YARD... http://www.circlepix.com/home/SSJVCC
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Oct
6
I Set FIRE!!!!
Posted by mjandmack under Financing, For Buyers, For Realty Professionals, For Sellers, General Information
I happen to be a fan of Adele…
This weeks office meeting was very informative …we had a great speaker… from our mortgage department… It was quite an eye opener … the new CLOSING EXPECTATIONS…
You may have recently experienced the unforseen closing… almost there… need one more thing…we hope to close tomorrow…
The take away was setting the expectation from the get go…
Today, you must take into consideration the days it takes to negotiate between buyer and seller…. why…
The average closing runs about 30 – 45 days… BUT did you know that when it comes to the loan process that DAY ONE is the day when the buyer commits to the loan… that’s when the clock starts ticking..this is the time it takes for the loan to be processed until ready to close. The effective date of the contract and the day when your loan begins the processing can vary..
The clock continues to tick in balance to the buyers completing all the necessary paperwork… it seems endless … but when that documentation is presented UP FRONT… it helps to eliminate glitches at the end…
IMPORTANT TIPS
Do not change jobs before you close… do not change your debt ratio… don’t go out and buy a new fridge..NOT YET… Schedule the necessary inpections you want immedialty after escrow… in case of any required repairs… this is the path for a smooth and timely closing.
Buyers… come prepared … technology today is great… make a copy of your tax returns, bank statements, drivers license, your social security card… put it on a flash drive..take it with you when you meet with your mortgage broker… it can make all the difference!
Getting back to Adele… think about the song Set Fire to the Rain….hear the tune in your head…
I made an offer …my new home….
I found it … tired of searching
So stresssssed ….I was so hopeful…
until the deal …..was ….all …sealed…
my credit … rating great
and the inspections…. were all just o…kay …
my dreams …..have come true…
I …just… can’t …wait…
But there’s side to buying
that I never knew…never knew…
all the things loan officer says…that
I never knew…never knew..
and all papers …that you need…
always more…always MORE
But I set FIRE… to the closing…
all those copies…tax forms… pay…checks…
My employment verified…
I heard myself scream
Let it CLOSE…. it CLOSE…
Both realtors… working hard…
they are… waiting….more …waiting…
It seems like… it’s taking …forever
you and me together
nothing is better.
But there’s side to buying
that I never knew… never knew…
all the things loan officer needs…
I never knew… never knew..
all those papers…that you need…
always more…always MORE…
I set FIRE …to the closing…
all those copies… tax forms…pay..checks…
My employment verified…
I heard the REALTORS scream
Let it CLOSE… it CLOSE…
I set FIRE… to the closing…
all those copies…tax forms…pay…checks
My employment verified…
I heard the screams …loan approved…
Last time… THE LAST TIME…
Sometimes I wake up screaming …
I felt something I’ve never felt…the house I found was waiting for me
Even now I know its almost over
I can’t help myself….
from getting so ex..cited…
I set FIRE… to the closing…
Made all those copies…tax forms…pay…checks…
My employment verified…
I knew the deal was sealed…
It’s the last time …LAST TIME…
I set FIRE… to the closing…
Made all those copies…tax forms…pay…checks…
My employment verified…
I heard all the screams…
We are CLOSING….CLOSING…
OHHHHHHH
Let it close… it close…
LET …IT… CLOSE!!!
Many thanks our Coldwell Banker Mortgage speaker… your information regarding the current time frame for closing procedures will help our buyers and sellers through the real estate process.
Working toward smooth closings…and a little humor…
