Property Management In Fort Bend County

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Property Manager - Keller Williams Realty Southwest
RECENT BLOG POSTS
Recently the House of Representatives gave HUD(FHA) the ability to raise their monthly mortgage insurance premium.  They have given power to raise it up to 1.55% monthly.  Currently FHA's mortgage insurance is .55% a month.  Fha has not decided what to raise the monthly MI to at this time, but ha...
06/20/2010
Here is your weekly mortgage rate update: Conventional 30 year Mortgage: 4.625% Credit score:740 LTV:80% Loan Amount:$200k APR: 5% FHA 30 year:4.5% Credit Score:640 LTV:96.5% loan amount:$200k APR:5.15% Conventional 15 year:4.125% Credit score:740 LTV:80% Loan Amount:$200k APR:4.5%   Please call ...
06/20/2010
The Mortgage Credit Certificate tax credit program(MCC) for Montgomery County has just announced that they now have funds for this program.  They have over $6 million of funds for this program but will disperse the funds on a first come first served basis.  If you are not familiar with the MCC pr...
05/27/2010
The Mortgage Credit Certificate tax credit program(MCC) for the Fort Bend County has just announced that they now have funds for this program.  They have over $5.8 million of funds for this program but will disperse the funds on a first come first served basis.  If you are not familiar with the M...
05/27/2010
Recently, Underwriting guidelines have changed.  You can no longer have a disputed account on your credit report and get approved for a mortgage.  It must be removed, in order to get approved.  When you have a disputed account it is taken out of the scoring model, causing the underwriter to not g...
05/27/2010
Now is the time to refinance your mortgage.  The rate for a 15yr mortgage today is 4.125%.  This is an amazing rate and by refinancing to a 15 year mortgage you will be cutting the term of your loan in almost half.  Saving you money.  Or maybe refinance into a lower rate on a 30yr mortgage, the r...
05/27/2010
Here is your weekly mortgage rate update: Conventional 30 year Mortgage: 4.75% Credit score:740 LTV:80% Loan Amount:$200k APR: 5.% FHA 30 year:4.5% Credit Score:640 LTV:96.5% loan amount:$200k APR:5.15% Conventional 15 year:4.25% Credit score:740 LTV:80% Loan Amount:$200k APR:4.5%   Please call m...
05/27/2010
Here is your weekly mortgage rate update: Conventional 30 year Mortgage: 4.75% Credit score:740 LTV:80% Loan Amount:$200k APR: 5.% FHA 30 year:4.625% Credit Score:640 LTV:96.5% loan amount:$200k APR:5.30% Conventional 15 year:4.25% Credit score:740 LTV:80% Loan Amount:$200k APR:4.5%   Please call...
05/17/2010
USDA Funds have been exhausted.  I have mentioned in the past that this was coming.  The House of Representatives has passed Rural Housing Preservation and Stabilization Act of 2010 (H.R. 5017).   To allocate more funds to this program.  But, it is currently in the Senate and it has not been pass...
05/17/2010
Fannie Mae has announced that as of June 1st a new credit report will be required before closing.  This is so the underwriter knows if any new credit was opened or applied for.  If a new credit pull or inquiry is found, it will need to be documented.  Keep in mind that this will be painful since ...
05/17/2010
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Stephen Kendrick

Making Property Management Manageable
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