The Pye Team now has a You Tube Channel! Check it out at: www.youtube.com/user/pyeteam1
And just a little taste...
Pre-Qualified vs. Pre-Approved
Colleen Pye and Debby Colson, the Pye Team talk with Doug Luza of CORE Lending about the difference between pre-qualification and pre-approval in the home loan process.
Wednesday, February 22, 2012
Monday, February 6, 2012
Home Warranties - Are they worth it?
Apparently so. Recently, I've been made aware of two instances of using a home warranty to avoid costly repairs. First, Fidelity National Home Warranty repaired a pool and a refrigerator saving the homeowner over $1,800.00. In the second instance, a homeowner had their entire gas furnace replaced by American Home Shield amounting to a total savings of $1,500.00. Both homeowners report a positive experience and were happy to have the home warranty to rely on.
Wednesday, February 1, 2012
Down Payment Assistance Programs offered by our friend Diane Rifai
Our friend Diane Rifai now offers down payment assistance programs through TSAHC
for Professional Educators and Homes for Heroes such as firemen, policemen,
etc. (see definition below).
Here's a brief summary:
1. There is a Household Income Limit -see attached chart
2. There are Home Purchase Price Limits
3. Must be a first time homebuyer (not had an ownership interest in a principal residence in last 3 years)
4. Meet standard underwriting guidelines for a loan
5. Intend to occupy the home as a primary residence
6. Complete a HUD approved homebuyer education course prior to closing
Homebuyer must be one of the following:
§ A Professional Educator: Defined as a full time Classroom Teacher, Teacher Aide, School Librarian, School Nurse or School Counselor employed by a public school district in the state of Texas; or a full time faculty member * of either an undergraduate or graduate professional nursing or allied health program in the State of Texas; or
§ A Texas Hero: Defined as a full time, paid Firefighter, Emergency Medical Services Personnel, Peace Officer, Corrections Officer, Juvenile Corrections Officer, County Jailer, or a Public Security Officer working in the State of Texas (click here for detailed Texas Hero definitions : http://www.tsahc.org/pdfs/2010_Homes_For_Heroes_%20Eligibility.pdf ).
Call Diane Rifai for more details --
Residential Mortgage Loan Originator
Cornerstone Mortgage
cell: 713-304-2660
Here's a brief summary:
1. There is a Household Income Limit -see attached chart
2. There are Home Purchase Price Limits
3. Must be a first time homebuyer (not had an ownership interest in a principal residence in last 3 years)
4. Meet standard underwriting guidelines for a loan
5. Intend to occupy the home as a primary residence
6. Complete a HUD approved homebuyer education course prior to closing
Homebuyer must be one of the following:
§ A Professional Educator: Defined as a full time Classroom Teacher, Teacher Aide, School Librarian, School Nurse or School Counselor employed by a public school district in the state of Texas; or a full time faculty member * of either an undergraduate or graduate professional nursing or allied health program in the State of Texas; or
§ A Texas Hero: Defined as a full time, paid Firefighter, Emergency Medical Services Personnel, Peace Officer, Corrections Officer, Juvenile Corrections Officer, County Jailer, or a Public Security Officer working in the State of Texas (click here for detailed Texas Hero definitions : http://www.tsahc.org/pdfs/2010_Homes_For_Heroes_%20Eligibility.pdf ).
Call Diane Rifai for more details --
Residential Mortgage Loan Originator
Cornerstone Mortgage
cell: 713-304-2660
Mirror Makeover!
Just had my three bathroom mirrors updated - wow! The effect is eye-popping. Check out the vendor I used at: www.MirrorMakeover.com You can also check out customer comments by visiting: http://www.youtube.com/mirrormakeover#p/u/0/GJo6L-YzSJI
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