Fax 214-666-3227

Dallas Office 535 E Highway 121 Lewisville TX 75057 972-625-2612

Houston Office 1825 Upland Houston TX 77043 281-865-1443

Colin Rosenthal Texas Real Estate Broker

Fax 214-666-3227

" I am the REALTOR who will remain your best Friend for Life "

Why use us to purchase your next home?

Purchasing and

The Home Buying Process

We supply the best tools to assist you "The Home-Buyer" accomplish your dream of Home-Ownership.

Direct link to the North Texas MLS

Free Online Search of North Texas MLS NTREIS System

http://www.youtube.com/watch?v=JAJMRdbiS2Q

http://dfwmetrohousing.com/NTREIS.htm

"Communication & On-Line searching"

is the key to today's Real Estate and that is what we are good at. Our MLS search system is the most up to date and shares with most other Real Estate online sites and is therefore posts automatically within hours of the original MLS posting. Most important you will hear from a representative of DFW Metro Housing at least twice a week and all calls are returned within hours if not minutes. We make ourselves available to you 7 days a week.

Real Estate 101

What a lot of home buyers don't realize is that, apart from the down payment 3.5 % with an FHA mortgage needed to buy a home, there are other associated closing costs. Closing costs such as Loan setup fees, attorney and title fees and pre-paid Insurance and Property taxes. These expenses normally add up to about 5% to 6% of the price of the home.

This means you are going to need about 9.5% of the price of the home to be able to purchase this home.

For those of you who s income level is below the 80 Annual medium Income level (IE Family of 3 $49000) there is some form of government grant money available normally from $7500 to $10000. A seller is also allowed to contribute up to 6% of the selling price in buyer concessions with an FHA, VA or USDA loan. But only 3% on a conventional loan. This money is normally used to pay some of or all your closing costs.

This means that when searching for a home we must find a seller that has enough equity in their home to be able to afford to sell their home and give you 6% and still pay their own seller closing costs.

Quick-Contact

Mortgage Loan

Anyone wanting to obtain a mortgage loan will need at least a 640 credit score. Sometimes we can find lenders that will work with a 600 but that always means that the underwriting will be done manually and your application is going to be scrutinized and very difficult.

Here are a few ideas on building your credit score if you believe it is lower than a 640

1) Revolving credit. Revolving credit is the type of credit that builds your score. A car payment will not help your score but a credit card will as long as you use it widely and try to keep the balance at about 20% of allocated credit Example: $1000 credit never owe more than $200 at any given time and always pay the bill on time.

Apply for an Orchard Secured Credit Card

Apply for a Capitol One Secured credit Card

2) Paying off current Debt reporting: If any item is report on a monthly basis on your credit report try to call the debtor and make payment arrangements (Don't worry about any old debt that has gone into collection and no longer reporting)

3) Make sure everything is paid on time and never ever late. Just one last payment on anything could and often does effect your credit score as much as 100 points. It takes one month to cost you 100 points and a whole year to rebuild again.

4) Eliminate all derogatory reports: You cannot have any judgments, Tax liens, outstanding student loans that have late payments and please beware of Bad rental History can also effect your credit.

Free Credit Check and Mortgage Loan Application

Quick-Contact

View an Online seminar on Home-loans

Christian Cook

NMLS 169598

Sr Loan Originator