DallasLoanGuy's Blog: All Categories

I can't tell you how many Good Faith Estimates(GFEs) that I have reviewed. But it is a lot!! And I am always amazed at how different people and different companies arrange their fees. Some are pretty generic and basic, like mine. Others are elaborate in their descriptions like the Loan Officer is a walking thesaurus. Some even have some extra special EXTRA fees that I don't agree with. But the fact that they are so different just tells me that one cannot really compare a GFE line by line. The borrower must go to the bottom of the closing cost summary and look at the total. Ignoring the prepaid taxes and insurance as well as the title fees.... Because those fees will be the same regardless of which loan is chosen. There are a few ways to help your self…

I have heard this one before. A borrower buys a new home with 100% financing with all of the closing costs rolled into the loan or Down Payment Assistance Programs were utilized. Now, that ARM is adjusting and they do not have the money for closing costs.

Desperate times call for desperate measures. And although I rarely suggest this, it just might be the 'Silver Bullet' that the homeowner needs to save their home.

The No Fee Home Loan or No Fee Mortgage or No Closing Cost Loan. It can be called many things, but they are all the same thing. And don't let anyone tell you that it is a 'special in-house program only'. These have been around forever. Let me tell you how it works. But first, some facts: Fees are real. People have to get paid on a home…

I feel fortunate to live where I live. Plano, TX is locates in the N. Dallas suburbs in the very desirable Collin County. Driving distance to downtown Dallas. An upscale community, with many amenities.... Malls & other shopping, movie theatres, parks, great schools and safe neighborhoods. 

Plano Parks & Recreation, for example, provides wonderful facilities for the kids to play outdoor games.... like Baseball!!!

<== Just look at that form. Think I might know this little guy?!?! LOL

I enjoy spending time with my family and friends watching my oldest son play ball. He loves all sports and we can keep him busy year round with activities from the Plano Sports Authority. Their summer programs for kids include arts & crafts classes to karate lessons for…