Mortgage Companies Dallas Texas | Dallas Mortgage Lenders - Berkshire Lending

  Are you planning to use a gift for the down payment or closing costs when using a Conventional Loan? Not just anyone can give you a gift. Here is the list of acceptable donors that can give you a gift… Relative, Defined As The Borrower’s Spouse, Child Or Other Dependent, Or By Any Other Individual Who Is Related To The Borrower By Blood, Marriage, Adoption, Or Legal Guardianship. Fiancé, Fiancée, Or Domestic Partner O Domestic Partner — An Unrelated Individual Who Shares A Committed Relationship With The Primary Wage Earner, Currently Resides In The Same Household As The Primary Wage Earner, And Intends To Occupy The Security Property With The Primary Wage Earner. The Donor May Not Be Or Have Any Affiliation With The Builder, The Developer, The Real Estate Agent, Or Any Other Interested Party To The Transaction. That’s it for today! For more information please visit our website.  Berkshire Lending .

  Most loan officers don’t know this loan exists. If you are getting a divorce, and you have to pay your spouse their share of the equity, don’t use a traditional  Texas Home Equity loan  to do it. Use an Owelty loan to get the cash out of your home instead. The advantage of using an Owelty Loan over a Texas Home Equity loan is that we treat them as a regular rate and term refinance (not cash out rates — which are higher). You can also get  a bove 80% of the value of your home with an Owelty Loan, and you can’t go above 80% with a Texas Home Equity loan. So, if you are in this situation, or you know someone who is — and your loan officer has told you that you don’t have enough equity to cash out the ex-spouse, just tell them that you need an Owelty loan. …or, better yet — just give us a call and we can help you! That’s it for today! Visit now for more details. please visit our website.  Berkshire Lending

  If you are wanting to purchase a home, but you aren’t able to qualify now – here’s what you need to do… 1) Isolate The Reason You Can’t Get A Mortgage Now. (We Can Do This For You).   2) Make A Plan To Solve This Problem. If credit is the reason you can’t get a loan now – you need to know exactly where you are now. …and, you need to know where you need to be for a loan. We would like to help you create a plan. I’ve seen many success stories of borrowers that had a plan to follow and did whatever it took to execute that plan. In a matter of a couple of months to six months, they are usually ready for a loan. …not only that. It gives a person confidence and purpose when you have a clear goal, and a plan to achieve that goal. So, contact us and we’ll help create a plan for you. …and the best part is that we do this as a free service to you! That’s it for today! for more information please visit our website. | Berkshire Lending |

  Hello! Here is something to consider if you were thinking about refinancing from a 30-year mortgage to a 15-year mortgage… It takes 19 years and 4 months to pay your principal down by half on a 30-year amortization. Recommended action… If you can handle a slightly higher mortgage payment it’s a smart play to refinance to a 15-year mortgage! If you would like to see if you qualify for a mortgage right now — just contact our office and we’ll be happy to help you. That’s it for today! For more in f ormation please visit our website |  Berkshire Lending  |

Your property tax bill is most likely out by now. There are two issues I see every year with regard to property taxes. …Issues that put people in tough spots. 1) Some People Who Have Non Escrowed Loans Just Don’t Have The Money Saved Up To Pay Their Property Taxes. …They Might Have Had The Money, But Had To Use It In An Emergency. …Or Any Number Of Other Things. 2) Some People Have An Escrow Account On Their Mortgage – But Their Mortgage Company Didn’t Collect Properly. This Often Results In An Arrearage… Which Means Your Payments Go Way Up Until The Escrow Is Caught Up. If you are in either one of these situations – there’s usually an easy fix for it. …Refinancing. We can often refinance someone in either one of these situations, and we pay the property taxes through the new refinance loan.. …Not only that but usually at a lower rate and payment than they have now. Please let us know if you have more questions about how this refinance works. That’s it for today! For more information

Just wanted to let you know we are working on increased maximum Conventional loan amounts of $625,000 in Texas now. This is significant, because you can now use a Conventional loan to purchase a home that would have required a Jumbo loan previously. This means less down payment and lower rates. If you would like to get pricing on a Conventional loan for you, just contact our offices and we’ll get it for you! That’s it for today! For more information please visit our website | Berkshire Lending |

This is the time of year counties are sending their property tax bills out. There are two issues I see every year with regard to property taxes. …Issues that put people in tough spots. 1) Some people just don’t have the money saved up to pay their property taxes. …They might have had the money but had to use it in an emergency. …or any number of other things. 2) Some people have an escrow account on their mortgage — but their mortgage company didn’t collect properly. This often results in an arrearage… This means your payments go way up until the escrow is caught up. If you are in either one of these situations — one possible fix is to refinance. We can often refinance someone in either one of these situations, and we pay the property taxes through the new refinance loan.. …Not only that but usually at a lower rate and payment than they have now. Please let me know if you have more questions about how this refinance works. That’s it for today! For more information please visit our webs