Texas Mortgage Blog

Biggest Mortgage Mistakes

On our show, Real Estate Uncensored, we went over the biggest blunders or mistakes that people make when buying a home, selling home, mortgaging or financing a property, and investing.   Obviously, we had a lot to say about the biggest mistakes home owners making getting a mortgage.  The problem with these mistakes is that they aren't spoken about enough for most people to learn them and then avoid them. 

Customer Testimonial and Feedback

As you know, we are big advertisers with the Walton and Johnson Radio Show.  They guys are absolutely great.  Here is an email that one of their listeners sent to them regarding our services.  It's nice to get a compliment. 

Lender Due Diligence

This question was posted on another forum:

I'm new to dealing with brokers as most of my deals have been done via a bank directly.  However I do have a speciality loan so I contacted some brokers from the Enricher.  One of the brokers I spoke with said they could help me and would send me a "short information form" (didn't call it a credit app.) No problem. I don't mind information forms or credit applications.  So I get the application and before I give this company my SS# etc. I want to find out more about them.  I talk to them this morning and after asking them general questions like are they sure they can help, how many loans they have done, how long in business etc. they get mad and tell me they don't want to work with me.

O.K.  Is this a red flag, over sensitive broker or am I asking to many questions during my due diligence?

Your take would be appreciated.

Economic Update 04-09-07

The unemployment rate in March fell to 4.4%, matching a five-year low, the Labor Department reported April 6. Employers boosted their payrolls by 180,000 workers in March, the most since December. The figures suggest that companies are not feeling a need to restrict hiring in an economy that has otherwise shown signs of sluggishness.

Economic Update 04-02-07

Consumer spending rose 0.6% in February, the best showing since a 0.7% jump in December, the Commerce Department reported March 30. The gain was double what analysts had expected, which should help alleviate recession fears fueled by a slump in housing and the domestic auto industry.