Texas Home Lending News

 
 
Flip calculator for new investors.
When you invest in real estate so you can renovate and resell a property, many factors beyond the initial price and eventual sales price determine how much you might expect to profit.

Here’s an easy calculator to help you make an informed offer on a property you may want to flip. Use it to tabulate your expected expenses, including some you may not have considered. It will help you estimate an expected return on your investment, too.

I hope you find this tool helpful, Jason. If you have questions about the calculator or financing real estate investments in general, please reach out over your preferred channel. I’ll be glad to help.
PROPERTY FLIP 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 15th, 2022 11:25 AM
 
 
Get down to the basics!
The largest portion of a monthly mortgage payment typically is the amount that pays back and covers the cost of your loan—the principal and interest payment.

Use this simple Principal & Interest Calculator to play around with different loan amounts, terms, and rates. It’s easy to see how changes to either will affect your monthly cost.

Remember, the typical monthly mortgage payment also includes real estate taxes and insurance. Depending on your down payment amount and loan type, you may also pay mortgage insurance. Sometimes, condo/co-op or homeowners association fees are required, too.

While this calculator is a good place to start, I hope we’ll talk further before you begin your home search. We would be happy to verify the necessary information to be able to provide you with a pre-approval that can give you a big leg up on competitors when making an offer on a home.

If you have questions about home financing, please reach out. I’m here to help!
PRINCIPAL & INTEREST 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 11th, 2022 4:21 PM

Getting the keys to your first home is an exciting goal. Use our quick game to discover four keys of preparation that may assure a smooth transaction.

  

The more you learn about the home buying process before you get started, the better you may feel about taking this step. Please reach out to me anytime you have questions. I'll be happy 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 March 9th, 2022 10:09 AM
 
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.

 
 





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 3:11 PM

Your new home will likely be a place where you invest your time—with your loved ones, on your hobbies and even on yourself.

If you're like most people, your home will also represent a significant investment of your money.

How will that investment grow over time? No one knows for certain, of course, but based on historical trends, we can make some guesses.

Over the last 50 years, annual growth in home values has averaged about 5% nationally. Let this nifty calculator show you what that rate of increase could mean for you. You can even adjust the numbers to make your own predictions. 



Please let me know if I can assist you in any way.






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 9:20 AM

 

As you're looking for a new home or dreaming of homeownership, consider keeping this website handy. You can type in an address to learn more about the surrounding area, from typical commute, to schools that serve the neighborhood, to recent sales. There's lots more to discover too. Check it out:

 

Thank you again, Jason, for putting your trust in me. Remember, if you have questions or would like more details on the mortgage process, please reach out. I'm happy 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 March 7th, 2022 3:42 PM
 
 
Make an offer that will make you money.
When you invest in real estate so you can renovate and resell a property, many factors beyond the initial price and eventual sales price determine how much you might expect to profit.

Here’s an easy calculator to help you make an informed offer on a property you may want to flip. Use it to tabulate your expected expenses, including some you may not have considered. It will help you estimate an expected return on your investment, too.

I hope you find this tool helpful, Jason. If you have questions about the calculator or financing real estate investments in general, please reach out over your preferred channel. I’ll be glad to help.
PROPERTY FLIP 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 7th, 2022 3:16 PM
 
 
Wondering how much you might save?

This Refinance Calculator offers a quick way to see what a refinance could mean for you. Simply plug in the numbers for your current and desired loans, and we’ll calculate the difference in your payments. You may be surprised at the big difference even a small interest rate change can make.

Refinancing isn’t just about monthly savings. A lower rate can help you pay your loan off faster or possibly allow you to access cash from your home’s equity with no change in payment at all. There are many options to pursue.

Remember, the interest rate you receive will be based on your scenario. Please reach out to me over your preferred channel for a full review.
REFI 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 7th, 2022 3:05 PM

From app to close, let's look at the process.

Application. 
After we determine that a refinance will be beneficial for you, we start the application. Much like your original mortgage application, this one collects general information and asks for documentation of your income and assets.

Processing. Next, we’ll gather property information with an appraisal, title reports and proof of property insurance. We’ll also request a credit report and verify your income and assets.

Underwriting & Approval. The underwriter makes sure all loan guidelines are met or exceeded by verifying the information we’ve provided. A long checklist of factors must be satisfied during this stage. Additional documentation may be requested or "conditions" may be placed on the approval. Ultimately, the underwriter is held responsible for the decision made on a loan and must assure that anyone else picking up the file would come to the same conclusion.

Closing/Funding. After any conditions placed on the approval have been satisfied, your loan is cleared for "docs" or closing. Your closing package will be compiled, a Closing Disclosure form will be provided, and then your closing will be scheduled and completed. On loans for primary residences, a three-day rescission or waiting period must transpire between closing and the funding of the new loan. After the rescission, your old loan will be paid off, and your new loan will start.

Every property and situation is unique. Many small steps may occur within these categories, and even a small issue could temporarily derail the process. Things may have changed since you originally financed your home, and the documentation needed today may be more extensive than it was then.

Please realize lenders must take steps to satisfy guidelines that are designed to protect you and everyone else along the way. Things may not always seem to make sense, yet going with the flow will always be easier in the end.


If you have questions about the refinancing process,
please don't hesitate to call.
We are here 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 March 7th, 2022 2:25 PM

Common myths disguised as good advice often prevent homeowners from saving what could be big money. Click below to see for yourself. 

  

If you are ready to explore a refinance, I'm here to help. Please reach 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 7th, 2022 12:13 PM

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