Texas Home Lending News

BEFORE YOU APPLY FOR A MORTGAGE USE THIS MORTGAGE CALCULATOR

I hope this helps you find a home.

Here’s a new addition for your home buying toolbox: a quick way to estimate a total monthly housing payment and the income needed to qualify.

Just bookmark this payment and qualification calculator link and make a quick visit while you’re looking at homes. I hope you’ll feel more comfortable knowing what you’ll likely pay each month and whether the loan may work for your particular situation.

Give it a try now!

SEE YOUR PAYMENT

Shawn Smith
MLO/Broker | NMLS # 863501
(214) 396-3650 | Mobile: (817) 706-8619
shawn@sublimefinancial.com

www.sublimefinancial.com
Sublime Financial, LLC
14785 Preston Rd Dallas TX 75254

NMLS # 1134044

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Posted by Shawn Smith NMLS#863501 on March 11th, 2022 3:23 PM

When should you check to see if mortgage rates are better for you?

You should check them on quarterly basis, especially if you have Mortgage Insurance.

How's your mortgage feeling today?

Interest rates and the mortgage markets can change quickly, so it makes sense to monitor your loan against current conditions regularly. With just a few clicks, you can compare your existing loan to today's sample rates. We update it every weekday, so you can come back and perform your own diagnostic any time.

CHECK YOUR MORTGAGE

I welcome the opportunity to discuss your loan's results or to assist you in any way with your home financing needs. Also, if you have friends, co-workers or family members who would like to receive their own mortgage checkup, please refer them my way. It will be my honor to help.

Thank you for your loyal business and for your referrals!

Shawn Smith
MLO/Broker | NMLS # 863501
(214) 396-3650 | Mobile: (817) 706-8619
shawn@sublimefinancial.com

www.sublimefinancial.com
Sublime Financial, LLC
14785 Preston Rd Dallas TX 75254

NMLS # 1134044

Posted in:TEXAS MORTGAGE RATESPosted in:Texas Mortgage CalculatorPosted in:Texas refinancePosted in:Texas get rid of Mortgage InsurancePosted in:Get rid of Mortgage Insurance and tagged: TEXAS MORTGAGE RATES Get rid of Mortgage Insurance Texas Mortgage Calculator Texas refinance

Posted by Shawn Smith NMLS#863501 on March 11th, 2022 3:23 PM

MORTGAGE PAYMENT CALCULATOR

Here's the number you really need to know, Jason!

Before you make an offer on a home, it helps to know what your monthly payment might be. Here's a quick way to estimate.

If you have questions or want to explore opportunities, please reach out. I'll be glad to help.

PAYMENT CALCULATOR

Shawn Smith
MLO/Broker | NMLS # 863501
(214) 396-3650 | Mobile: (817) 706-8619
shawn@sublimefinancial.com

www.sublimefinancial.com
Sublime Financial, LLC
14785 Preston Rd Dallas TX 75254

NMLS # 1134044

Posted in:REFINANCEPosted in:cash out refinancePosted in:Texas refinancePosted in:refinance texas and tagged: TEXAS CASH OUT TEXAS MORTGAGE RATES Texas refinance REFINANCE MY HOME IN TEXAS

Posted by Shawn Smith NMLS#863501 on March 10th, 2022 11:51 AM

THE FACTORS THAT GO INTO A MORTGAGE RATE QUOTE

It's not uncommon to see advertised mortgage rates well OUT of line with reality.

Whether the advertised options will be available for your transaction depends on too many variables to make the rates accurate. Chances are that some—if not all—of the following criteria will be considered before a "real" rate quote is offered.

Loan Parameters
Loan Size/Amount

Loan Types:
Fixed/Adjustable
Amortized/Interest Only
Conforming/Jumbo
FHA/VA/USDA
LTV/CLTV/HCLTV
Cash Out or Rate & Term
Closing Date/Lock Duration

Documentation Type:
Full Doc or Alternative
Stated or No-Income

Income Parameters
Housing Ratios/Debt Ratios
Time in Position
Time in Career

Type of Earnings:
Salaried or Self-Employed
Seasonal vs Steady
Salary/Overtime
Bonus/Commission
Social Security
Alimony/Child Support
Rental Income
Interest/Dividends/Gains

Property Parameters
Type of Property:
Single-Family
Multi-Family
Detached
Condo/Co-op
PUD

Market Status:
Stable
Appreciating or Declining

Condition:
Repairs Needed
Well, Septic, etc.

Occupancy:
Primary
Second Home
Investment

Bond & MBS Markets
Rates are ever changing.

Credit Parameters
Credit Scores/Inquiries
Late Payments
Collection Accounts
Judgments
Tax or Other Liens
Bankruptcy/Foreclosure
Short Sale/Deed in Lieu

Asset Parameters
Liquid
Semi- or Non-Liquid
Own Funds
Gift or Grant
Borrowed Funds
Seasoned or Un-Seasoned
Cash or On Deposit

As you can see, many factors impact your interest rate. When things are not black and white, a quote can prove unreliable until a credit check, a property appraisal, title search and even thorough underwriting of your application have occurred.

The good news is that this is what we do every day, and I will be happy to assist you through the process. Together, we will prevent unpleasant surprises and discover what is really available for your unique situation.

Shawn Smith
MLO/Broker | NMLS # 863501
(214) 396-3650 | Mobile: (817) 706-8619
shawn@sublimefinancial.com

www.sublimefinancial.com
Sublime Financial, LLC
14785 Preston Rd Dallas TX 75254

NMLS # 1134044

Posted in:mortgage loansPosted in:ratesPosted in:TEXAS MORTGAGE RATESPosted in:MORTGAGE RATES TEXASPosted in:DALLAS MORTGAGE RATES and tagged: mortgage loans rates TEXAS MORTGAGE RATES MORTGAGE RATES TEXAS DALLAS MORTGAGE RATES INTERESTE RATES

Posted by Shawn Smith NMLS#863501 on March 9th, 2022 2:53 PM

HERE IS ONE WAY TO LOWER YOUR MORTGAGE PAYMENT

Here's how you may be able to lower your mortgage payment.

If you’re paying PMI (Private Mortgage Insurance) because you put less than 20% down on your home loan, you may be eager to get rid of the expense. The details can vary among companies, but here are three basic strategies for eliminating PMI:

Pay your principal down. Once your loan amount is 78% of the original cost or appraised value (if you’ve refinanced), contact your loan servicing department for a review. They’ll check to assure you have a good current payment history and credit.
Demonstrate Current Value. Contact your loan servicer to request an appraisal, which you will pay for. Your balance will need to fall under the required threshold (typically 75 to 80% based on the age of your loan). Again, credit and payment history are important.
Refinance. Your new mortgage will not include PMI if your loan balance is no more than 80% of the appraised value. A refinance may also allow you to lower your rate and payment, access cash, or adjust your loan term.

I’ll be happy to review your options and assist wherever possible to assure your financing is still working for you. Please reach out when you’re ready.

Shawn Smith
MLO/Broker | NMLS # 863501
(214) 396-3650 | Mobile: (817) 706-8619
shawn@sublimefinancial.com

www.sublimefinancial.com
Sublime Financial, LLC
14785 Preston Rd Dallas TX 75254

NMLS # 1134044

Posted in:MORTGAGE RATES TEXASPosted in:DALLAS MORTGAGE RATESPosted in:refinance texasPosted in:moving to texasPosted in:TEXAS MORTGAGE INSURANCE and tagged: TEXAS CASH OUT TEXAS MORTGAGE RATES Texas refinance TEXAS MORTGAGE INSURANCE

Posted by Shawn Smith NMLS#863501 on March 9th, 2022 10:10 AM

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Texas Home Lending News

BEFORE YOU APPLY FOR A MORTGAGE USE THIS MORTGAGE CALCULATOR

When should you check to see if mortgage rates are better for you?

MORTGAGE PAYMENT CALCULATOR

THE FACTORS THAT GO INTO A MORTGAGE RATE QUOTE

HERE IS ONE WAY TO LOWER YOUR MORTGAGE PAYMENT

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