Monthly Archives: February 2014

Mortgage Loan Applications Drop to Lowest Level In Years

Posted ago by Cary Cox

ShareRecovery, what recovery? Every recession since World War II has been led by the housing industry and to build those homes you have to have mortgage financing. So it should be said that economic recoveries are led by the real …

Why A Mortgage Broker/Banker is Better Than a Bank

Posted ago by Cary Cox

ShareMost people think that they will get the best rate and offer from one of the “Too Big To Fail” banks, you know the ones I am talking about. The ones that say that they put the customer first. But …

Mortgage Originations Look to Rise This “Selling” Season

Posted ago by Cary Cox

ShareLike many businesses the business of real estate is cyclical, with the greatest number of homes sold and mortgage origination between the months of March through September. We usually see a slow down from October through December. Then we get …

The Construction Mortgage Is Hot Again!

Posted ago by Cary Cox

ShareThe Houston and overall Texas economy is booming so much that many buyers are considering building their own home. Unless you can convince a builder to build you a custom home on his credit line, the best mortgage for building …

Are Relaxing Mortgage Underwriting Guidelines a Good Thing?

Posted ago by Cary Cox

ShareThe pendulum for mortgage underwriting at one time back from the late 1990’s to the latter part of 2008 was way to far on the side of easy credit. Many joke that if you could “for a mirror” you could …

New Mortgage Rules & Loan Limits

Posted ago by Cary Cox

ShareThe mortgage business is one that is in constant flux with the governement, regulators, and lenders trying to fine tune the mortgage market so that we never have another mortgage-implosion like we did late in the last decade. The one constant …