Texas Home Lending News

 
Who's keeping score?
Credit reporting agencies. That’s who!

Help your homebuyers discover the factors that influence credit scores and tips for managing theirs well.

It’s easy to share. Follow the link to copy it for your contacts. You may want to bookmark it for future use. I can also create a cobranded version if you’d like.

Please reach out any time I can serve you or your clients. I’m happy to help.
CHECK IT OUT
 
 





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 24th, 2022 4:08 PM
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 15th, 2022 11:24 AM
 
 
How much could you save?
If you’re wondering how a refinance of your mortgage might affect your monthly payment, take a look at our Refinance Calculator . You simply plug in numbers for your current and desired loans, and we’ll calculate the difference in your payment, the months it will take you to break even on your costs, and even the rate of return on your costs.

I encourage you to play around with it. Then, if you want to discuss your specific scenario, click the button on the website to let me know.

If you think any of your friends, co-workers or family members would benefit from the refinance calculator, please feel free to forward it along. I’ll be happy to help them.

Thank you for your business and for your referrals.
CALCULATE YOUR SAVINGS
 
 





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 14th, 2022 5:51 PM
 
 
New homes often come with a higher price tag, but it's important to remember that price is not the same as the cost of owning.
This easy calculator compares the monthly cost of an existing and new home, considering energy and maintenance expenses (typically lower for new) and potential tax savings. 
COMPARE NOW
 
 





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
 
Who's keeping score?
Credit reporting agencies. That’s who!

Help your homebuyers discover the factors that influence credit scores and tips for managing theirs well.

It’s easy to share. Follow the link to copy it for your contacts. You may want to bookmark it for future use. I can also create a cobranded version if you’d like.

Please reach out any time I can serve you or your clients. I’m happy to help.
CHECK IT OUT
 
 





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
 
 
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
 
 





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 February 9th, 2022 10:22 AM
 
 
How much could you save?
If you’re wondering how a refinance of your mortgage might affect your monthly payment, take a look at our Refinance Calculator . You simply plug in numbers for your current and desired loans, and we’ll calculate the difference in your payment, the months it will take you to break even on your costs, and even the rate of return on your costs.

I encourage you to play around with it. Then, if you want to discuss your specific scenario, click the button on the website to let me know.

If you think any of your friends, co-workers or family members would benefit from the refinance calculator, please feel free to forward it along. I’ll be happy to help them.

Thank you for your business and for your referrals.
CALCULATE YOUR SAVINGS
 
 





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 November 15th, 2021 4:01 PM
 
Take a fresh look at your home—or that property you've been eyeing, Jason!
Here’s a Property Report that will give you a different perspective on your home. Depending on the data available, you’ll find information on your home itself, its estimated value, and community demographics. Keep scrolling for a map or a satellite view of the neighborhood. If you want to check out other properties, too, just type in any address.

I hope you find this property report interesting and useful. If I can answer any questions about home financing, please reach out. I’ll be glad to help.
PROPERTY REPORT
 
 





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 November 9th, 2021 3:06 PM
 
 
It just got easier to finance pricier homes, Jason!

Good news! We can now offer conforming loans up to $625,000, about $75,000 beyond our previous limit!

This means your buyers will have more down payment flexibility (and possibly lower rates) when financing a higher priced home.

If you or your clients would like to know more about what we can offer for a particular scenario, please reach out. I’ll be honored 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 November 4th, 2021 9:49 AM

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