Tuesday, August 19, 2014

Missouri City Real Estate - Missouri City, TX Homes for Sale - realtor.com®

Missouri City Real Estate - Missouri City, TX Homes for Sale - realtor.com®

Missouri City, TX - Official Website

Missouri City, TX - Official Website

Wright Mortgage Services

Wright Mortgage Services

Why choose Wright Mortgage for your client mortgage needs? Our customers would say that we are fair, transparent, reputable, and a responsible mortgage company who knows how to help people navigate through the mortgage process. I have been in the mortgage industry more than 15 years we are efficient, knowledgeable and have the best interest rates. We just make it the Wright Way. Here are just a few of our mortgage products:


New Down Payment Assistance Program!

Wright Mortgage has a new program that provides up to 3% in down payment assistance, in the form of a non-repayable grant for FHA, VA and USDA 30-year fixed mortgage only. There is no repayment associated with this down payment assistance program. The grant program may be applied against the borrower's down payment, closing costs and prepaids. This is a regular FHA mortgage but a new down payment assistance program. The mortgage must be an owner-occupied home and the borrower must not own any rental property.

TBD Approvals

Wright Mortgage offers an innovative new mortgage program to homebuyers before they find their home! With TBD Approvals, buyers have the confidence that they have already been approved for their mortgage which means their buying power is improved. Sellers know the mortgage process has been completed so there is no worry that the sale won't close. Buyers can negotiate a good purchase price because they know they can close quicker than with a traditional process and they can offer the seller an assured closing

FHA

Borrowers will now be required to have a minimum FICO rating of 580 to qualify for FHA's 3.5% down payment program. Borrowers with less than a 580 FICO rating will be required to put down at least 10%.

- 1 FICO credit rating ok
- Credit Rating of 500-579- max 90%LTV
- No trade-line requirements.
- The down payment can be a gift from a relative

Missouri City, TX Homes for Sale & Real Estate | Homes.com

Missouri City, TX Homes for Sale & Real Estate | Homes.com

Missouri City TX Homes For Sale & Missouri City Real Estate - Zillow

Missouri City TX Homes For Sale & Missouri City Real Estate - Zillow

Monday, July 28, 2014

Wright Mortgage or A Bank?

Wright Mortgage or A Bank?

Wright Mortgage is a locally owned and operated mortgage company. We know that each customer has specific needs, so we strive to meet those needs with a wide array of services. Why should your client use Wright Mortgage than a bank?
A bank has only one set of underwriting guidelines and not many mortgage programs. With a bank you are accepted, declined or counter-offered on your client’s mortgage application. Wright Mortgage will send your loan to different lenders, if your client is turned down or declined. Wright Mortgage has regular contacts with a wide variety of lenders. As a mortgage broker, we communicate to several lenders, who have different mortgage programs. One of these programs could be the perfect fit for your client’s financial situation.
Neighborhood retail banks usually offer only a few loan programs. Many lenders may not have a perfect loan program for a client with a particular situation, rather than sending the client to another bank with the right mortgage program, bank loan officers would sell the next best loan that the bank has to offer which may not be a good loan for the client at all. This is the primary advantage of working with Wright Mortgage, you always have choices. You’ll have more mortgagee options and programs to choose from and will be able to choose from a pool of lenders —sometimes dozens of them. Another advantage of using a mortgage broker is that they often specialize in “niche” products and programs such as FHA and VA loans that can be accepted with low credit rating.
One other major difference is that mortgage brokers must disclose all of their compensation to their borrowers. This includes any monies paid to them by the investor. Banks do not have this requirement.
Pros of Working with Wright Mortgage
  • Wright Mortgage does all the legwork for you, working on your client behalf with the lender.
  • Wholesale interest rates are lower than retail (bank) interest rates.
  • Your client gets more loan options because Wright Mortgage works with numerous banks and lenders.
  • Wright Mortgage can finance tricky deals because of their knowledge and various lending partners.
  • Are typically easier to get in contact with Wright Mortgage, less bureaucratic.
  • Lender Credit to help with your Client’s Closing Cost.