Financing a home is an extremely important decision that requires careful planning and attention to all details.  Here's a few tips that I learned from working with home buyers over the years; 1) Avoid dot com lenders. They do a much better job of collecting application fees than they do making actual loans. Some also use appraisers from outside Dallas that are not familiar with the market and could cause problems with your loan. 2) Small or mid-size lenders usually do a much better job than big banks when it comes to mortgages. You want to work with a lender that if necessary you can sit across the desk from you loan officer. 3) Develop a relationship with a lender early, so you know how much house you can really afford. You are also going to need a pre-qualification letter from a lender before you make an offer on any home.

There are also some other important National websites you might consider visiting to learn more about your financing options. These can be found directly through my website.

Federal Housing Administration (FHA)
The Federal Housing Administration (FHA) is an agency of the federal government that insures private loans that are issued for new and existing housing.   This agency also makes sure that loans are approved for repairs too.  To find out if you are eligible for an FHA-insured loan, contact me today!

Mortgage Bankers Association of America - Consumer Information
The Mortgage Bankers Association of America is the main association that represents the Real Estate Finance Industry. This consumer information site contains several guides for purchasing or refinancing a home.

Freddie Mac Homebuying Education
Freddie Mac is a publicly held company designed by Congress to help to increase the supply of funds that mortgage lenders can make available to homebuyers and investors.  This website has step-by-step tutorials on the homebuying process, as well as a lot of useful information!

If you have any questions about Financing please contact me! I look forward to hearing from you soon!