 |
|
Dallas, TX. Real Estate (214) 682-8888
OK Mortgage / AAA Realtors & Business Opportunities / OK Insurance
1545 K Ave. Suite 165
Plano, TX 75074
Office Phone: (469) 467-8008 / (469) 569-0567 Fax: (214) 889-8889 Cell Phone: (214) 682-8888 / (469) 569-0567 Home Phone: (469) 569-0567 Web Page: www.ok8888.com e-Mail: 777Realty@gmail.com Las Vegas Office: (214) 682-8888 Web at Las Vegas: www.ok8888.com
|
|
|
|
|
 |
 Mortgage News Daily
Treasury Auctions Done. Bonds Cautiously Resilient as Stocks Repeat History - 12 hours ago
Posted To: MBS CommentaryTreasury just sold $29 billion 7s to a group of uninterested buyers... Auction demand as measured by the bid to cover ratio was below average. 2.78 bids were submitted for every 1 accepted by Treasury. Compare that to the ten auction average of 2.81 and the five auction average of 2.86. 25.6% of the issue was awarded at the high yield of 2.394%. This was 2.1bps above the 1pm "when issued" bid, a sign that buyers were looking to pay a little less than they did. Primary dealers took down a much greater award than usual, which explains why the high yield tailed. 48.8% of the issue and 25.1% of what they bid on. Both metrics are above average. This is not indicative of strong buyside demand. Directs were awarded 8.9% of the competitive bid. That makes them 0 for 3 this week. Indirects...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
Fannie Mae Preps Investors for Reform. Book of Business Reflects Tight Credit Conditions - 13 hours ago
Posted To: MND NewsWireIn the wake of the passage of Wall Street Reform, which many opponents have criticized Capitol Hill for failing to deal with the future of Fannie Mae and Freddie Mac, the Obama Administration is beginning to present the broad outlines of how the future of the GSEs will be determined. In a letter released Tuesday , David H. Stevens, acting commisioner of the FHA, said that the question of reforming the GSEs is "not if, but when." The Obama administration, he said, has made it clear from the beginning that the current structure of the government's role in the housing finance market is unsustainable and unacceptable, but winding down Freddie and Fannie abruptly would destabilize an already fragile housing industry and put the loans already on the books of these institutions at even...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
Are HECM Regulators Acting Unethically Toward the Reverse Mortgage Program? - 13 hours ago
Posted To: Community CommentaryI recently spoke on two interesting panels at the American Conference Institute’s two day symposium on Reverse Mortgages. The conference was held at the famed Helmsley Park Lane Hotel in the heart of Manhattan. The conference attracted a virtual who’s who in the mortgage and reverse mortgage industry. The speakers and the attendees formed an eclectic group which ranged from major law firms, title companies, quality control experts, compliance examiners, HECM counseling experts and state and federal regulators and various enforcement agencies. There was a genuine desire to understand the program so that enacted policy could be effective. On the first day of speaking, I was joined by Dave Adkins, OTS, Matthew Yoon, Esq. and Arthur Axelson, Esq. I pointed out that HERA could prevent...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
Final Ruling Issued on SAFE Act; Underwriting Guideline Overlays, Adverse Market Fees and Steep LLPAs; CMBS Sales; California State of Emergency; - 16 hours ago
Posted To: Pipeline PressOn a non-mortgage note, my son asked me, "At what age is it ok to tell a highway that it is adopted? At some point the highway will realize that it doesn't look like the Kiwanis's Club." I would have told him to "keep his day job", except he doesn't have one as he prepares for college. Lots of folks don't have jobs, as re-emphasized by this morning's Initial Jobless Claims number. One industry veteran told me, "The weekly number is just catnip for those who think the economy is limping along," and this morning's numbers came in down 11,000 to 457,000, but continuing claims climbed. Employment is still a huge issue for the economy, but the unemployment situation is certainly helping to keep rates low. We are not done with implementing the...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
Vacancy Rate Near Historic High. America Has a "Home Problem" - 16 hours ago
Posted To: MND NewsWireAs we have pointed out over the last few weeks , America has a homelessness problem; over a million individuals and families are temporarily or chronically homeless. While the statistics don't fully address this aspect, there is at least anecdotal indication that some of these people are in shelters or on the street because their own home or one they were renting was foreclosed. There is also purely anecdotal information that a lot more homeowners are hanging on by their fingernails; savings and unemployment exhausted, legal remedies gone, as lenders churn through a backlog of pending foreclosures and subsequent evictions. In other words, the problem could well get worse. It is also clear that the country is deep into what we are going to abuse poetic license to call a "home problem...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
The Day Ahead: Moody's Questions U.S. Credit Rating. Bonds Shrug Off News - 17 hours ago
Posted To: MBS CommentaryEquity futures are trading higher this morning despite word from Moody’s that it would have to question America’s triple-A credit rating unless it provides a credible plan to tackle its growing deficit. Steve Hess , a top sovereign debt analyst at Moody’s, said the U.S. appears to have “no plan” to reduce the deficit. “Can the United States do it is the big question right now and we are not sure either way,” he told Dow Jones Newswires. “We will wait and see what happens in the next couple of years on this front.” Meanwhile, economic confidence in Europe rose for a second straight month to its highest level in more than two years. The July index rose 1.3 points to 101.3. Economists at BMO said the populace may be “heartened by the...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it. |
 |
|
|
|
|
|
 |
AAA Realtors & Business Opportunities Brokers in Dallas, TX.
100 % Commission; No Monthly Fee.
Network Marketing !!!
(A Real Estate, Commercial & Business Opportunity Broker)
OK Mortgage (A Realtime online application Loans)
AAA Realtors
Dallas,Texas
Call Linda at (469) 569-0567 cell
Call Peter at (214) 682-8888 cell
or (469) 467-8008 cell
( Short Sale & Foreclosure Specialist ! )
|
|
|
|
Stage 1: Getting Married and buying your First Home.
Most likely, you need 100% financing, you may not have much work experience, and you don't have a great amount of savings.
(Most large banks and lenders will usually want 5% to 10% down payment as well as 2 years job and rent history with good credit)
|
Did they say ...
"You need money for a downpayment?"
|
We have many 95% loan programs
with no MI (Mortgage Insurance)
|
|
Did they say ...
"you need at least a 680 or 660 credit score for 100% financing?"
|
Our most popular 95% loan program
only needs a 680 credit score
(Some programs go to a 650)
|
|
Did they say ...
"Our 100% loan program requires
5% Down and a 730 Credit Score"
|
We specialize in 90% loans
"SISA", No Ratio and "No Doc"
(Most programs only need 620 score)
|
Did they say ...
"Your DTI (Debt to Income) ratiio is too high"
"We require a 38% to 41% ratio or less"
|
Our 95% loans allow for a 50% DTI
We also have "No Ratio" Loans
(These don't look at DTI)
|
|
Did they say ...
"You need to have been working 2 years
in the same line of work to get a loan"
|
Some of our 90% loan programs
are "No Doc" which means
employment is not a requirement
|
Stage 2: Having a baby and refinancing your home loan.
Diapers, Bottles, Strollers and Clothes...Have you ever wondered "How can I ever have enough money to save for retirement and my child's education?" and "How did my parents ever make ends meet?"
(Most people think the only time to refinance is to get money to pay off debts. Some loans allow you to drop your payment by as much as 50%)
| What would you do with the extra money if you could Cut Your Mortgage Payment in Half? |
| Start contributing to your 401k or 403b plan? |
Spend more time with your family? |
| Fund a Roth IRA or Traditional IRA each year? |
Put money down on a vacation home with the extra money? |
| Get health insurance in case your family became ill? |
Move forward with plans to adopt children? |
| Call your financial planner for a wealth building plan? |
Decorate the baby's room or add on to the home? |
Stage 3: Family Life and Getting a Bigger Home.
Is this your situation? "There aren't enough bathrooms and you have 3 girls, and your son wants his own room." Maybe you can now sell your current home for the down payment on a bigger home ... but should you put the money down?
(You can still buy a home without putting much of your own cash down, wouldn't it make more sense to put the proceeds of your old home to work?)
|
This is where we can show you your options on how much money you put down vs. your interest rate or closing costs.
|
|
Does putting much money down earn you a RATE OF RETURN?
|
How much you put down, does not affect a home's value
|
|
Is the money you put down on the home SAFE?
|
If home prices drop, you lose access to the money
|
|
Is the money you put down on the home LIQUID?
|
When you need it most, the money can be un-obtainable
|
|
Does the money you put down on the home reduce TAXES?
|
The interest payment on your loan could be tax deductable
|
|
|
|
| Trust us with your financing needs. |
|
We offer you the competitive rates and service you deserve. Whether you're a first time home buyer or are refinancing - we will find you the best rate and program for your situation.
Apply online today for a no-cost, no-obligation pre-approval!
|
|
- Enthusiasm working for you
Helping people make one of their most important decisions is a serious responsibility,
but something that I enjoy doing. This enthusiasm and hard work will benefit you and
help reduce the stress and anxiety often associated with real estate transactions.
- Established Credibility
I have many years of experience and knowledge working in this industry. I can say with
confidence that I'll get the job done right.
|
 |
|
