Texas DPS has a FAQ sit which tells you about how to get and maintain a license.
Archive for May, 2009
Texas Driver’s License Requirements FAQs
Friday, May 29th, 2009Flood Insurance In Houston
Friday, May 29th, 2009Flood season is around the corner, and in Houston, flood insurance is very important. Preferred areas often have policies in around the $250-$350 range. Call today for a quote 713-695-3072. There is a mandatory 30 day wait period for anyone who has not had flood insurance before, so don’t count on getting insurance right before the hurricane comes in. It won’t happen.
Appraisal Rules
Friday, May 29th, 2009On May 1st, every mortgage broker in the country, as I understand it, was forced to move to a blind appraisal system. What this means is that as brokers, we can no longer order our own appraisals through our appraiser of choice.
I believe that this makes for an overall fair process for everyone invloved. This means that the customer and realtors involved understand up front that I have no control of the appraisal process AND THAT NEITHER DOES ANY OTHER MORTGAGE BROKER.
Home Equity customers, interested in getting as much cash as possible, have been tempted to shop for more agreeable appraisals, while listing agents have always tended to offer “a recommended appraiser” when you tell them that your appriaser doesn’t think that the house is worth what they are selling it for.
Previously, if the mortgage broker did not cooperate, the home equity customer could be lured away by another broker with a more lenient appraiser or a listing agent could just look for another buyer, putting undue pressure on the broker to look for higher appraisal amounts or appraisers who might overlook poor conditions.
No more. The house is what it is.
Welcome To Mortgage News and Updates By New Day Lending
Thursday, May 28th, 2009Welcome. Search back often for updates on mortgages, insurance, real estate and tax preparation.
