Open Houses this Weekend in #Frisco

#Frisco Open Houses for this Weekend.

There are 83 open houses this weekend in #Frisco. 15 homes are new construction. 

Thinking new? View them yet know you should be represented by a Realtor to protect your interest.

Screen Shot 2016-06-03 at 5.59.49 PM

 

What is your home worth?
Search All Homes For Sale
Frisco Homes for Sale
Frisco Home Values
Frisco Homes for Lease
Search For Homes On Our Mobile App
Derrick Houston
Rogers Healy and Associates
214.385.1221
Licensed In: TX
License #: 0592037
Contact Me

     

52 Lease Properties new to the market this week in ‪#‎Frisco‬!

52 Lease Properties new to the market this week in #Frisco.

3228 Persimmon Ln, Frisco TX

 

3228 Persimmon Ln has 5th bedroom or study downstairs, game room and flex space media room with surround sound wiring. 4 Beds | 3 Baths | 4,110 Sq Ft.

If you want to know of new lease properties available before the major real estate websites to beat the competition, or just want to stay on top of lease homes in #Frisco, complete the field below!

 

What is your home worth?
Frisco Homes for Sale
Frisco Home Values
Frisco Homes for Lease
Search For Homes On Our Mobile App
Derrick Houston
Rogers Healy and Associates
214.385.1221
Licensed In: TX
License #: 0592037
Contact Me

     

36 Homes for Lease New to the Market in #Frisco This Week

36 Lease Properties new to the market this week in #Frisco.

3688 San Gabriel Ave has gourmet kitchen with custom cabinets, study and guest suite feature private covered porches. 3 Beds | 3 Baths | 2,907 Sq Ft.

If you want to know of new lease properties available before the major real estate websites to beat the competition, or just want to stay on top of lease homes in #Frisco, click the link below!

 

 
What is your home worth?
 
Search All Homes For Sale
Frisco Homes for Sale
Homes Close to Where You Work
 
 
 
 
Derrick Houston
Rogers Healy and Associates Real Estate
214.385.1221
Licensed In: TX
License #: 0592037
Contact Me

     
 

Do You Need Mortgage Insurance Even if It’s Not Required by Your Lender?

Contract SigningLet's Take a Look if you Need Mortgage Insurance

Finding a proper mortgage loan and understanding the processing procedures behind the loan is the basis of good research. The down payment on a mortgage loan is typically significant when dealing with mortgage insurance. Most loan applications with less than 20% down payment are required to include mortgage insurance with the loan. However, mortgage insurance may still be required even if it's not typically required by your lender.

Underwriting Requirements

Most home mortgage applications undergo a strict set of standards for approval. These standards are known as underwriting and make up the bulk of time spent on a mortgage application. Unique situations in employment or credit history may require an additional down payment percentage to avoid PMI or private mortgage insurance. Most underwriting requirements require adequate information on the borrower's credit and employment history for complete application. Self-employed individuals or those with alternative forms of credit may need a few additional hoops to jump through when dealing with mortgage insurance requirements.

Lender-paid Mortgage Insurance

Lender-paid mortgage insurance is a popular option with potential homeowners that seek to avoid the cost of a PMI or FHA-backed insurance on a home loan. Most lenders incorporate payment of private mortgage insurance in exchange for a slightly higher interest rate. This is one example of the points system on a mortgage application that eliminates the cost of PMI. The increase in interest rate may or may not warrant the need for a lender-paid mortgage insurance arrangement.

What's Involved With Risk Assessment?

Strict lending requirements and banking policy now limit the number of mortgages with zero down payment options. Conventional mortgages and FHA both require private mortgage insurance if it is less than 20% down payment. However, FHA loans can be more flexible with the initial down payment requirements with adequate credit. FHA mortgage costs are now for the life of the loan. Lenders will look at mortgage insurance as risk protection.

The risk protection process may or may not require mortgage insurance in your home loan. For example, VA and USDA loans do not usually require mortgage insurance if the borrower's credit and employment history are adequate. Conventional loans have a reduction in risk once there is at least 20% equity in the home compared to the principal of the mortgage. Don't hesitate to contact a mortgage professional about potentially dropping mortgage insurance in the future to reduce overall loan costs. If you need a referral to a good mortgage professional in your area contact your trusted real estate agent for assistance.

Whether you’re a home buyer, home seller or investor we can help you reach all your real estate goals in 2016. For assistance buying or selling your home, or managing your investment property contact us today at Rogers Healy and Associates.

Do You Need a Property Manager?

Do you need a #PropertyManager? #HealyPropertyManagement can handle all of your #DFWPropertyManagement needs! Let us…

Posted by Frisco Area Real Estate News & Tips on Sunday, March 20, 2016

 
What is your home worth?
 
Search All Homes For Sale
Frisco Homes for Sale
Homes Close to Where You Work
 
 
MY REVIEWS
 
 
 
Derrick Houston
Rogers Healy and Associates Real Estate
214.385.1221
Licensed In: TX
License #: 0592037
Contact Me