Texas Home Lending News

Everyone has to do it at some point!
Mortgage interest rates have moved quickly with the uncertainty surrounding COVID-19, oil wars, and stock market volatility. Like millions of homeowners, you’re probably hoping to save money by locking in the absolute lowest rate on your refinance. Let us help.

What is a Rate Lock?
Locking in a rate simply means setting the final interest rate for your mortgage loan.

How Long Does a Lock Last?
Rate locks vary but are usually made in increments of 5 or 10 days, ranging from 10 to 60 or more days. Longer locks are less likely to expire if your closing is delayed, but shorter locks may be less expensive.

Why Do Longer Locks Cost More?
When you lock your rate, we purchase insurance (a hedge) and register the lock with the end investor (usually Fannie Mae or Freddie Mac). Longer locks pose a greater risk for market changes, so the insurance is more expensive.

Locking In Is a Two-Way Street.
The lock protects you from rising rates, though you take the risk that prevailing rates might fall. On the other hand, we carry the risk of both rising rates and higher costs if the loan doesn’t close.

The Best Approach to Securing the Lowest Rate.
The lock you choose will depend on your scenario, including variables like the type of loan, complexity of qualification, credit requirements, and property type. When rates are rising, locking in will protect you. If rates are falling, then floating—or waiting to lock—may be better.

The Bottom Line.
Let’s discuss your loan and decide what’s best for you. We’ll devise the best approach based on all those variables and your own preferences. 
Reach out, and I'll be happy to discuss!
 








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 by Shawn Smith NMLS#863501 on March 8th, 2022 1:28 PM
Here's the number you really need to know!
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 by Shawn Smith NMLS#863501 on March 8th, 2022 9:43 AM
 
 
FREE marketing with Open House Flyers, Digital Advertising, and Social Media, Jason?
Let me show you some things you don’t see every day —the program we use can develop Co-Branded Flyers, Digital Links, and Images to share on Social Media Platforms.  

How we Benefit Realtors
          Co-Branded Flyer above with QR Code
          Free advertising on my Social Media Platforms of your MLS listings
          Will free you up working on your business not in your business
          No cost or wasted time developing advertising for MLS listings

If I can help you in any way with growing your Real Estate business please let me know. 
CLICK HERE FOR OPEN HOUSE LINK EXAMPLE
 
 





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 by Shawn Smith NMLS#863501 on March 8th, 2022 9:19 AM

You've severed your time in the US Military, now lets show you your Benefits!

Veteran's Administration or "VA" loans are available for active, non-active and retired Army, Air Force, Marine, Navy, National Guard and Coast Guard vets who meet the established service requirements. 

100% financing/No down payment

No monthly mortgage insurance (PMI)

Gift funds acceptable for closing costs (immediate family members)

No cash reserve requirements

A variety of terms or loan types available

Available for purchase and refinance

Reduced costs for disabled veterans

Seller can pay for closing costs

Seller pays for any required repairs

No pre-payment penalty

To determine your ability to participate in this program, just provide your Certificate of Eligibility (COE) or your Discharge/Separation form (DD214). If you do not have your COE, you can request one using form 26-1880.

Reach out using the contact info below, and I'll be happy to explain the details and answer any questions.






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 by Shawn Smith NMLS#863501 on March 7th, 2022 3:28 PM
 
 
Ready for a different kind of neighborhood tour, Jason?
Let us show you some things you don’t see every day—the underlying factors that can impact your home’s value, from recent sales to school zones to the typical commute.

Thank you for allowing me to send information related to your home and home financing. If I can help you in any way, please reach out.
CHECK OUT YOUR AREA
 
 





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 by Shawn Smith NMLS#863501 on March 7th, 2022 12:09 PM
 
 
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
Posted by Shawn Smith NMLS#863501 on December 20th, 2021 11:26 AM
 
 
There could be more opportunities on the table for your clients!

The Federal Housing Administration (FHA) has just raised its loan limit by 18% to a maximum amount of $420,680 in most areas. In certain high cost areas, it’s $970,800. Limits will take effect in 2022.

This means your buyers can take advantage of FHA program benefits, including:
  • Low down payment options
  • Lower total cash-to-close requirements with gift or seller contributions
  • Ability to combine purchase and rehab financing
  • In some high-cost areas, higher loan limits than conventional mortgages
In some lower-cost areas or those with higher costs of construction, limits will vary.

If you or your clients have any questions about FHA programs or limits in our area, please reach out. I’ll be glad to help!

 
 





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 by Shawn Smith NMLS#863501 on December 8th, 2021 10:46 AM
 
 
Got cash?

If you have a little extra cash each month from refinancing your home or are experiencing one of those rare life changes that sends additional funds your way, have you considered what to do with the money?

Please don’t be fooled into thinking the amount is too small to make a difference. With time and compound interest on your side, your little bit of savings now could become a much greater amount later.

Check out our easy calculator to see for yourself. It will take less than a minute.

If you have questions or would like a referral to a financial professional, please reach out. I’ll be happy to help.

FUTURE VALUE CALCULATOR
Posted by Shawn Smith NMLS#863501 on December 7th, 2021 4:07 PM
Here's the number you really need to know!
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 by Shawn Smith NMLS#863501 on December 7th, 2021 10:04 AM
 
 
Ready for a different kind of neighborhood tour, Jason?
Let us show you some things you don’t see every day—the underlying factors that can impact your home’s value, from recent sales to school zones to the typical commute.

Thank you for allowing me to send information related to your home and home financing. If I can help you in any way, please reach out.
CHECK OUT YOUR AREA
 
 





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 by Shawn Smith NMLS#863501 on December 6th, 2021 5:39 PM

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