Parker Blog

1. I often wonder how many more times I will see that mortgage rates are at new record low levels.

2. It is hard for me to realize that my daugher is graduating from high school. ~ Where has time gone?

3. If you are near Grapevine Texas this weekend, you should come by and enjoy Main Street Days.  It is a great way to relax and enjoy a slice of summer in the heart of historic downtown Grapevine.

Mortgage interest rates hit new all-time record lows for second consecutive week in the Dallas/Fort Worth metroplex. This video is part of a new series that covers all aspects of a loan transaction from initial loan application to the closing table.  Good Faith Estimate, Truth-In-Lending, and other important disclosures are covered in this edition of the underwriter's corner with Paul Peebles.   This week's real estate video highlights Allen and Arlington Texas.

1. With over 5 inches of rain above the normal year to date total in Dallas and Ft. Worth, I wonder when, or if city governments in the metroplex will suspend watering restrictions.

2. Since mortgage rates have set new all-time record lows for the second consecutive week, why aren't more first time home buyers entering the housing market?

3. I can't believe that my daughter is going to prom tonight. ~ Time passes much to quickly.  The older I get, the faster is goes.

Because lenders typically require borrowers to include taxes and insurance premiums in their monthly mortgage payments, rationale for escrow accounts are explained in detail.  This weeks City Spotlight features Colleyville & Frisco Texas.

 In this week's Underwriters Corner, Paul Peebles reviews the history and underwriting guidelines for the TX equity or "Cashout Loans"  Many Texans have used the equity in their homes to payoff existing debt, or to purchase a multitude of new items to meet their personal requirements.  This weeks City Spotlight features Colleyville & Frisco Texas.

Mortgage rates remain at or near record lows in the Dallas/Fort Worth metroplex.  National Underwriter Paul Peebles reviews down payment requirements and documentation in the underwriters corner.  This weeks City Spotlight highlights Trophy Club and Grapevine, Texas.

For those home owners who think mortgage rates are going to drop further, this message is for you.  What are you waiting for?  Freddie Mac released the latest weekly results that show mortgage rates unchanged for the third consecutive week.

The average 30-year fixed-rate mortgage has been at its all-time record-breaking low of 3.87 percent since the first week of February, below 4.00 percent for the past 11 weeks, and below 5.00 percent for the past 52 weeks dating back to the February 17, 2011.

Mortgage rates always rise quicker than they fall.  Don't miss out on this once in a lifetime opportunity to lower your monthly mortgage payment. 

 What are you waiting for?  Give me a call today and let me show you how much money you can save!

Happy Labor Day!

Reading an appraisal report looks a bit different due to the Uniform Appraisal Dataset (UAD). Both Fannie Mae & Freddie Mac have been working together to make changes that went into effect on Sept. 1, 2011. Click on the link below to find out more how the new appraisal forms could impact residential loans throughout the country.

This week's real estate video highlights the cities of  North Richland Hills and Lewisville as mortgage rates continue to hold steady in the Dallas/Fort Worth metroplex.  Income and asset documentation are covered in this edition of the underwriter's corner with Paul Peebles. 

Key appraisal terms and guidelines are explained in detail along with a wrap up of the latest mortgage rates.  North Dallas and Park Cities are in the city spotlight.