Fort Worth, TX Real Estate News

By The Legacy Group, The LegacyGroup of CrossCountry Mortgage
(CrossCountry Mortgage)
Being a Fort Worth TX First Time Homebuyer makes you have to consider your options before you buy. The first thing you will need to consider is what your long-term goals are with being a home owner and how your goals fit in with that plan. One goal could be to stop paying rent that just increases after every lease you renew.Buying your own home first is one of the happiest times of your life! However, a lot of paperwork and time goes into it and finding a lender with great reviews will ease much of the stress. But, the satisfaction you get from your first home closing is something you will never forget! The benefits of being a Fort Worth TX First Time Homebuyer greatly outweighs renting for the following reasons:          Greater privacy.          Homes typically increase in value the o...
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By The Legacy Group, The LegacyGroup of CrossCountry Mortgage
(CrossCountry Mortgage)
The benefits of a preapproval (not prequalification) for Fort Worth Texas Home Loans. Many consumers are not informed on the proper way for buying a home. No question, this is a big decision, and one that can be either immensely stressful- or immensely enjoyable- depending on how you go about the home buying process of Fort Worth Texas Home Loans and the surrounding areas. The key is to take the proper steps to educate yourself on your buying power, initial investment, and taking some time to think about your lifestyle choices. This article will cover all of these.   Education   The steps necessary to purchasing a home in Fort Worth, Texas starts with getting pre-approved for your home loan. Notice we did not say get prequalified- in today’s world a prequalification is not meaningful. Y...
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By The Legacy Group, The LegacyGroup of CrossCountry Mortgage
(CrossCountry Mortgage)
Fort Worth Texas Veterans Loans- the best loan program in Texas!  VA Mortgage Loans are one of the best mortgage loan programs available today for both honorably discharged Vets and active duty military personnel.  Here are some of the great features of this fantastic program:  - Zero Down Payment, 100% financing.  - Monthly mortgage insurance is not tacked on to your payment.  - Easier credit qualifying compared to other types of mortgage loans.- VA Mortgage Rates are low compared to other types of home loans.   How do you know if you qualify for Fort Worth Texas Veterans Loans.  You must first verify your eligibility. Eligibility is verified by ordering your Certificate of Eligibility or COE. A Texas VA loan lender can order your COE quickly for you, or you can go directly to the VA t...
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By Donnie Keller, Reata Realty Group At Compass
(Compass)
In the Words of Davy Crockett after losing his US Congress bid for Tennessee.  "You may all go to hell and I will go to Texas".  Texas is one of the top States that people are relocating today.  So I hope this article is helpful to those who planning the move. In a perfect world, every neighborhood would resemble Mayberry. Everyone would know each other by name and your next-door neighbor’s yard would always look as manicured as your own. Unfortunately, there’s no such thing as a perfect neighborhood and every zip code has its own pros and cons. Still, there’s nothing worse than having home buyer’s remorse just because of your neighborhood. You might love a house, but if it’s in a problematic area, it could affect everything from resale value to the way you live your daily life. If you’...
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By The Legacy Group, The LegacyGroup of CrossCountry Mortgage
(CrossCountry Mortgage)
Veterans now have access to a new VA renovation loan to refurbish or remodel their homes.  This loan program is available for new home purchases as well as for remodeling homes currently owned by the veteran.  It is estimated that over 50% of homes nationally are 40 years or older, and in the current housing market many homes are in need of updating, addressing deferred maintenance, or improving the energy efficiency of homes to lower utility costs.VA loan benefits include the following unique advantages:  a.  up to 100% financing, b.  no mortgage insurance, c.  up to $ 35,000 in renovation funds escrowed, d.  all renovations must be completed within 60 days of closing, e.  you can close on a purchase or refinance in the “as is” condition, f. you can borrow against the future value of t...
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By The Legacy Group, The LegacyGroup of CrossCountry Mortgage
(CrossCountry Mortgage)
Veterans now have access to a new VA renovation loan to refurbish or remodel their homes.  This loan program is available for new home purchases as well as for remodeling homes currently owned by the veteran.  It is estimated that over 50% of homes nationally are 40 years or older, and in the current housing market many homes are in need of updating, addressing deferred maintenance, or improving the energy efficiency of homes to lower utility costs. VA loan benefits include the following unique advantages:  a.  up to 100% financing, b.  no mortgage insurance, c.  up to $ 35,000 in renovation funds escrowed, d.  all renovations must be completed within 60 days of closing, e.  you can close on a purchase or refinance in the “as is” condition, f. you can borrow against the future value of ...
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By Donnie Keller, Reata Realty Group At Compass
(Compass)
Debt to income ratio or DTI is one of the primary calculations to determine credit worthiness for obtaining a home mortgage.  This along with your FICO score or Fair Isaac Corporation Score, will determine whether you can qualify for a mortgage.For most lenders, the DTI needs to be under 43% and that's total debt with an ideal DTI is under 36%.  As an example $2000 of monthly debt and $5000 of net income is a 40% DTI.  With this DTI you may still qualify for a mortgage if your FICO score is higher than 680.  If your FICO is 650 you may not qualify there are several other factors considered that I won't go into at this time..   Here is a link to a DTI calculator When it comes to FICO score you are able to pull your score from websites like Credit Karma generally your actual FICO score wi...
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By Donnie Keller, Reata Realty Group At Compass
(Compass)
Selling a home the right way is a lot of work but it will pay off putting more money in your pocket.  There are no shortcuts!  Here are the Top 4 Mistakes I see some sellers make that costs them big time.Wrong PriceThe first misstep is to price the home wrong. Either too high or too low. Getting the price “just right” means getting the most out of your home while at the same time not pricing it out of the market to the point where very few, if any, potential buyers reach out.  Overpricing a home is the number one mistake you can make.  This hurts you two ways.  It increases the days on market even if you are trying to sell it yourself.  The property gets stale in the market and start to smell like week old fish.  Buyers are more educated than ever before and have more available informat...
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By inboundREM Market Updates
(InboundREM)
10 Tips for Buying a Home in Fort WorthFort Worth offers excellent Residential Real Estate opportunities for individuals, families, and investors looking for a property in the city. The city provides outstanding price options especially when compared to the neighboring city of Dallas. Homes in the area vary from upscale condominiums, midrise buildings, single-family homes, townhouses, and many more. If you are looking to purchase a real estate in Fort Worth here are 10 Tips you should consider.Original Post of 10 Tips for Buying a Home in Fort Worth.1. Know Your Borrowing CapacityKnowing your financial capacity before looking for a new home will help you narrow down the list of homes you would need to consider. We recommend that you visit three lenders and check for the best deal you ca...
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By inboundREM Market Updates
(InboundREM)
10 Best Things To Do in Fort Worth, TXFort Worth, TXFort Worth is one of the largest cities in the country and the fifth-largest city in Texas. The city offers excellent destinations and activities that both locals and tourists will enjoy. Whether you're looking for an expense-free adventure, go shopping, eat out, or check out the city's museums, this list will be your guide. I've gathered a list of must-see and to-do things that you might want to experience during your stay in the lovely city of Fort Worth. I didn't include well-known locations like the Fort Worth Stock Yards, the Kimbell Art Museum, and the Fort Worth Botanical Garden since there are many guides about those places. The list of 10 Best Things To Do in Fort Worth, TX is more personal and will give you the chance to disc...
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By Donnie Keller, Reata Realty Group At Compass
(Compass)
Great question!  I'm glad you asked.  :)  The best way to answer that is to describe what is done and what the outcome of each service may provide.1.  Your refrigerant levels are tested and based on the type of refrigerant you have, refrigerant may be added or removed from the system to ensure it's operating at optimal efficiency.  This not only will extend the lifespan of your system but it may also significantly lower your electrical bills.  A system operating on too little refrigerant will run for much longer than it should and often times never turning off leading to motor and/or compressor failure eventually.  You might pay off the cost of servicing in just the first couple weeks of your AC usage.2.  Your outdoor coils are cleaned and your fins are straightened within reason.  Dirt...
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By The Legacy Group, The LegacyGroup of CrossCountry Mortgage
(CrossCountry Mortgage)
VA Mortgage Loans Fort Worth, Texas - the best loan program and loan payment in the greater Dallas/Fort Worth area!   VA Mortgage Loans are one of the best mortgage loan programs available today for both honorably discharged Vets and active duty military personnel.   Here are some of the main features of this great program:    - No monthly mortgage insurance added to your payment.  - Easier credit qualifying compared to other types of mortgage loans. - VA Mortgage Rates are low compared to other types of home loans.    How do you know if you qualify for a VA Mortgage Loans Fort Worth, Texas?   You must first verify your eligibility. This is done by ordering your Certificate of Eligibility or COE. A Farmersville VA loan lender can order your COE quickly for you, or you can go directly to...
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By The Legacy Group, The LegacyGroup of CrossCountry Mortgage
(CrossCountry Mortgage)
The government is offering a special Home Renovation Loan Program with FHA 203K Rehabilitation Loans for Fort Worth, Texas    Many are not aware of a special government loan program that is actually a part of FHA (Federal Housing Administration- a department within HUD). Existing home owners or potential home buyers can remodel and update their homes without having a higher cost second lien because of this FHA loan program.     This loan program does not allow for itemsdefined as a swimming pool or hot tub, etc. Repaint, remodel cabinetry in kitchens and bathrooms, add wallpaper, replace appliances and flooring and even a add a room to an existing structure (which will increase the value of the homes square footage).     Many advantages exist with this government loan program but the bi...
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By The Legacy Group, The LegacyGroup of CrossCountry Mortgage
(CrossCountry Mortgage)
 Fort Worth Texas Veterans Loans is the best loan program in Texas!   Designed for both active duty military and honorable discharged Veterans, VA MORTGAGE LOANS are one of the best mortgage loanPROGRAMS available today.   Here are some of the great features of this fantastic program:  - Up to 100% FINANCING, with no down required.  - No monthly MORTGAGE insurance.  - Easier credit qualifying compared to other types of MORTGAGE LOANS.- VA Mortgage Rates are low compared to other types of HOME LOANS.   So how do you qualify for Fort Worth Texas Veterans Loans?  First of all, you must VERIFY YOUR eligibility. This is done by ordering your Certificate of Eligibility or COE. You can work with an approved Texas VA MORTGAGE LOAN  lendertoORDER your COE quickly, or you can contact the VA to ob...
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By Donnie Keller, Reata Realty Group At Compass
(Compass)
The is a lot of misinformation with the general public about the Home Buying Process especially with First Time Home Buyers.  In this article I'll try to debunk some of the myths of buying a home in Fort Worth and surrounding areas. Myth #1:I just want to look at homes and when I find one I want to by, then I'll get my financing set up because if I do it before hand when the lender pulls my credit it makes my score go down.Truth:Getting Pre-Approved or Pre-Qualified for a loan is the first thing you should do when thinking about buying a home.  It's best to start the process 60 to 90 days before wanting to start looking at homes in real life.  Why 60 to 90 days?  If you have misinformation on your credit report it will take 60 to 90 days to get that removed.99% of sellers will not consi...
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By Donnie Keller, Reata Realty Group At Compass
(Compass)
There is a lot of confusing terminology used between real estate professionals,whether it’s your first time buying, or you just don’t quite understand something, we have taken the time to explain a basic set of real estate terms that will allow you to be better informed and involved in any real estate transaction.Amortization – a system of paying off the mortgage that combines interest and principal for your payments, rather than just paying off the interest first. Typically you pay more interest at the beginning, and more principal at the end of a loan term.Assessed Value – the dollar value assigned to your home by a public tax assessor for the purposes of city/state taxes. This number is typically different from the value assigned by a private home appraisor, and sometimes different f...
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By Donnie Keller, Reata Realty Group At Compass
(Compass)
I am always researching for new information and tips I can pass on to my customers. I typically have my own thoughts and research but this time I came across an article that I thought summed up all the information really well. Short and sweet here an a great article I read and would like to pass along to you. We are in the middle of winter and even in Texas we feel the chill.  I hope you find the article below as helpful as I did.  (you will be hard pressed to find a "Boiler System" in a Texas house so disregard that part)  Nothing beats a warm evening at home when the winter wind is howling. You might not give your heater a second thought…until it stops working. Here’s a quick tutorial on how they operate so you can stay warm this winter.Types of heaters. The main difference among most...
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By Donnie Keller, Reata Realty Group At Compass
(Compass)
 Selling your home can be one of the most stressful and emotionally charged things you do and every seller wants to have a quick sale and get top dollar for their home.Every seller wants to have a quick sale and get top dollar for their home and that doesn’t happen by accident.  Preparing your home for going to market takes our expert guidance, careful planning and a good deep clean to get your home into tip-top shape. When we have buyers come through your home-the goal is to have them writing great offers!Get Mentally PreparedYou have already decided to make your move and sell your home…it’s time to go forth and begin to think of your home as if it is a product you are selling. You need to de-personalize and make it appealing for others to envision living in.De-Clutter & Pre-PackYou wa...
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By The Legacy Group, The LegacyGroup of CrossCountry Mortgage
(CrossCountry Mortgage)
Fort Worth, Texas VA Loans is the best loan program in Texas!  VA loans offer a special opportunity for our Veterans to become homeowners or refinance their existing VA guaranteed mortgage. VA Loans have more lenient underwriting criteria than other loan programs and offer lower interest rates than conventional loans. Plus, no down payment is required for Fort Worth, Texas VA Loans. This step by step guide is intended to give you all the quick answers you need to get started with the VA program, explain all the benefits of a VA Loans, and help you navigate through the loan process as an informed Veteran. Some of the information we will be discussing are:• What are VA Loans?• Interest Rates• How you can apply for a VA Loan?• Obtaining your Certificate of Eligibility from the Veterans adm...
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By The Legacy Group, The LegacyGroup of CrossCountry Mortgage
(CrossCountry Mortgage)
Texas VA Loans is the best loan program in Texas!  VA loans offer a special opportunity for our Veterans to become homeowners or refinance their existing VA guaranteed mortgage. VA Loans have more lenient underwriting criteria than other loan programs and offer lower interest rates than conventional loans. Plus, no down payment is required for Texas VA Loans. This step by step guide is intended to give you all the quick answers you need to get started with the VA program, explain all the benefits of a VA Loans, and help you navigate through the loan process as an informed Veteran. Some of the information we will be discussing are:• What are VA Loans?• Interest Rates• How you can apply for a VA Loan?• Obtaining your Certificate of Eligibility from the Veterans administration• Who is Elig...
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