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Northwest Real Estate : 6502 Bandera Rd St 112 - San Antonio TX 78238 : 383-1888 |
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Northwest Real Estate : 6502 Bandera Rd St 112 - San Antonio TX 78238 : 383-1888 |
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Fathom Realty : : 214-762-0952 |
You are invited to an Open House in the lovely LAKES ON LEGACY IN FRISCO. YOU CAN TOUR THIS AMAZING HOME ON Saturday February 18TH FROM 1:00PM - 4:00PM.
THIS HOME OFFERS TOP OF THE LINE UPGRADES WITH A LOT OF SPECIAL CUSTOM FEATURES. THE HOME HAS 5 OVERSIZED BEDROOMS, 5.5 BATHS AND A LARGE STUDY OVERLOOKING THE POOL. THIS HOME IS AMAZING! COME BY AND TAKE A WALK THROUGH THIS GORGEOUS HOME.
KIM SCHUMACHER WITH FATHOM REALTY IS THE LISTING AGENT OF THIS CUSTOM HOME. IF YOU WANT TO VIEW MORE LISTINGS, PLEASE VISIT KIM'S WEBSITE.
Many buyers assume mortgage insurance is not required when 20% is put down on their new purchase. That statement is somewhat true but it all depends on what type of loan the buyer will be utilizing. On a conventional loan, there is no mortgage insurance when a buyer puts 20% down. However, on a FHA (Federal Housing Administration) loan the rules are different. They are so different, even the term of the note makes a big different on the mortgage insurance. First of all, "What is mortgage insurance aka MI?" Mortgage insurance is an insurance policy that protects the lenders against losses that result from defaults on home mortgages.
Here is a quick snapshot of the break down when "NO" Mortgage Insurance is requirred on a FHA Loan:
Mortgage Terms over 15 Years on FHA:
HUD requires all loan terms greater than 15 years to have mortgage insurance for at least five years. It does not make a difference if a client puts more than 20% down. Even the loans with 50% have it too. Once the equity is at 78% (not 20, like conventional) and they had paid the mortgage insurance for the five years then the homeowner can request it to be removed.
Mortgage Terms 15 Years or Less on FHA:
There is not a minimum time period for mortgage insurance to be paid like there is on a 30 year FHA. The year period does not apply on terms 15 years or less. If a buyer puts 22% down payment on a 15 year term, then no mortgage insurance is required.
I hope these quick tips on Mortgage Insurance were easy for you to understand. Each week I will be positing something interesting about Real Estate in my FUN FACT FRIDAY FEATURE. I hope you have a great week and looking forward to seeing YOU next Friday!
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Stephanie Stringer has been serving the Texas market in Mortgage lending for over 15 years. She is very knowledgeable in FHA,Conventional, VA, and USDA programs. She demonstrates strong customer service skills like no other. She will keep you updated from the begining to the end on your mortgage transaction. Stephanie sees a client as building a long time rapport and just not a sales transaction. Call Stephanie Stringer on your next purchase or refinance.
Stephanie Stringer offers a professional marketing program to the Realtors that can help them Sell More, List More, and EARN MORE MONEY! Here are just some of the features.
Check out the website: http://agentsunfairadvantage.com/
MARKETING SYSTEM FEATURES
"Stephanie has come to be one of the few things that we can count on in this business. We appreciate all that she has done for us. Stephanie has made a difference in our success. She is our first call when it comes to our mortgage needs." Rusty and Luanne Pierce, Realtors- RE/MAX Preston Point - Top 20 RE/MAX Agent in North Dallas 2006,2007,2008,and 2009. Frisco, Texas
Stephanie, thank you for your support in securing financing for our new home. You and your staff provided outstanding service: you processed the loan documentation and work flow with unbelievable speed and absolute accuracy, you diligently followed up with other process participants, and you regularly communicated the status o the process. We never wondered or worried about where you and your team were in the process. We felt that we were the only customers you and your team were serving, although we know that's far from true. We can appreciate how you've developed your reputation for service and speed with the realtor community. Bruce Family- Frisco
Stephanie really makes the home loan process easy for us and our clients. She has the knowledge, professionalism and the desire to always find the best financing options for all her clients. She's an important part of our business and we highly recommend her! Jan Atkinson (William Davis Realty in Frisco)
Stephanie is a true professional when it comes to handling the toughest loans. With today's credit issue, Stephanie comes through on all account to locate and find the available product(s) for our buyers. If a product does not exist for a specific buyer Stephanie will work with those buyer(s) to improve credit health and provide continued follow-up towards a future purchase. A true professional! Dale and Roberta Smeal - RE/MAX Preston Point
Working with Stephanie is a true "No Brainer". She covers all the bases, lets you know all the options and delivers on time! Allpromises are kept and she evens follows up to make sure very thing is to your satisfaction. We have worked with Stephanie twice in the past and will do so again. Stephanie is First Class all the Way.... Jack and Paula Duncan (Prosper, Texas)
Working with Stephanie is a pure joy. She's proactive in letting you know timelines and next-steps, she keeps you up to date during the mortgage process, and she's always happy to answer questions. Her knowledge, people skills, and work ethic will ensure you a painless mortgage process. Stephanie is what you dream of in a Mortgage Banker: patient, kind, knowledgeable, and never more than a phone call away. Stephanie made what seemed to be a scary process into a very smooth ride. Thanks, Stephanie! The Payne Family- Frisco, Texas
Stephanie Stringer provided us with first class service when we were searching for a mortgage loan. Her professional approach and her friendly style created a great working relationship. Stephanie worked very hard for us making sure we had all our loan work completed thoroughly and as quickly as possible. My wife and I were able to close and move into our new home in the time frame we needed, thanks to Stephanie. She even came to our loan closing and congratulated us on our purchase. Now that's going the extra mile!! We appreciate it Stephanie and we will be doing more business with you. Dr. Michael and Natalie Wright-Keller, TX
Stephanie, thanks so much for all the effort and dedication you exerted to ensure I closed on my beautiful home in Castle Hills. You made my transfer from one state to another seamless. I am enjoying my new home and can't believe it's mine! Shannon C.- Lewsiville, TX
Stephanie was a pure pleasure to work with. My wife and I are extremely happy with the serve and advice that Stephanie provided. So much that we recommended her to anyone and everyone we know who has a need for a top rate Mortgage Banker. Gary Garrett- Frisco, TX
Stephanie was absolutely fabulous. Since I was a first time home buyer, I was nervous about making sure everything was completed. Stephanie really stepped up and made the process seamless for me and broke down everything into a language I could understand. I will recommend Stephanie to all my friends! Jenni Bergeland- Flower Mound, TX
We used Stephanie for our first home purchase and our refinance. We have been exceptionally please with her customer service, professionalism and timeliness. We have recommended her to others looking for a mortgage. Ruben and Yvette Garcia- Coppell, TX
Stephanie is a real class act. If there is a person who can customize a loan program for anyone, it is her. She customized the loan to fit our mortgage needs and was always available to answer any questions. We will recommend her to our family and friends. Rustin Wright-Frisco
"Stephanie Stringer was referred to us by a friend of ours who used her on their past mortgage. I was so impressed on how everything went very smoothly and was done in a timely manner. Stephanie was professional, thorogh, and really a great people person. We were grateful our friends referred Stephanie to us." Clifton and Jessica Bradford- Plano, T
"My husband and I used Stephanie for our refinance a couple of years ago and because of her professionalism and low rates we decided to use her again on the purchase of our dream home. I have referred her to others and they have enjoyed working with her too!" The Brazell Family- Flower Mound, TX
Stephanie, I want to thank you for all of your help in making my Open House for the Moothart Family such a success. I appreciate all that you did in assisting me on orgaizing it along with the follow up to the potential buyers. Thanks again for all you did. Judi Davis- KW Celina Realtor
You do an Amazing Job Stephanie! I appreciate you and your team in keeping me updated during the entire loan process. I was very nervous at first since I was a first time home buyer but you made this so easy. I always knew the status of my loan and you also made me at ease when you attended my closing at the title company. Thank you for all your help and kindness and may you be deeply blessed. Sherry Camacho- Frisco, TX
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