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Final Expense Insurance & More
2002 South Interstate 35, Lake Dallas

If You Want to Protest Property Taxes, Here's How Last month, homeowners across North Texas started to receive the dreaded letter in the mail. Now that the shock has worn off, it’s time to take action. The clock is ticking if you want to protest your property tax appraisal. In most cases, you have 30 days from the date you received your appraisal...

04/30/2021

Thursday Morning Mortgage talk....

Who knows the required minimum credit score for most conforming mortgages and down payment assistance programs? The short answer 620.

Prior to today some of the down payment assistance programs actually had limitations on loan to value and debt to income based on lower credit scores. The good news is one of the best programs here in Texas for down payment assistance - TSAHC is now available all the way up to 56.9% DTI on FHA loans with just a 620 credit scores previously to get this approval, scores had to be 700 +

That said the minimum required score for approval with current requirements due to Covid... is just a 620 mid score. To explain what I mean by mid score. We are required to take all three of your reporting scores from each bureau and use your middle score as your qualifying credit score. For instance if you had a 705, 655, and 625 ... your qualifying credit score would be 655.

Just another tip on credit scores, there are actually three different algorithms that produce a credit scores for three different scenarios... Each of us actually have a credit card or revolving account score, an installment or auto loan score, and finally a mortgage credit score. What you see on Credit Karma and some of the other credit apps, may actually end up being extremely different than your actual mortgage credit score.

Prior to Covid and even if you were to run it today FNMA “Fannie Mae” DU would still potentially provide an Approve/ Eligible with as low as a 580 credit score, however most mortgage lenders will not allow loans with those scores at this time since Covid began. We do however have a great referral partners, and a great tools to help people quickly improve credit when they are ready.

Happy Thursday, reach out when you’re ready, we’re here to help

Things to Avoid after Applying for a Mortgage [INFOGRAPHIC]

01/16/2021

Happy Saturday Everyone!

As we move past the holidays and back into normal day to day living, the great news is mortgage rates are still phenomenal. In fact even with the recent fluctuations we have had rates are still an awesome opportunity and will be for the foreseeable future... or at least until the vaccine is effective or herd immunity is more of a reality.

If your currently renting or leasing you owe it to yourself to at least consider and check into what you can qualify for. Real Estate has proven to be one of the best wealth builders and one of the best ways to set you up for future success financially.

On that, if you are on the fence and not sure what you can qualify for call me any time. I will be happy to walk you through the process. Its my job to make the process as easy and painless as possible.

Philip Kizziar Cell 469-426-2558
[email protected]
https//:philipkizziar.wvmbntxdfw.com

This flyer provides some key highlights of things you should avoid when your applying for a mortgage. These are some simple financial tips that will help you avoid frustration and potentially denial.

Things to Avoid after Applying for a Mortgage [INFOGRAPHIC] Things to Avoid after Applying for a Mortgage [INFOGRAPHIC]

01/08/2021

Happy Friday!!
Hope all is well with you and your family. As we move into a new year I just wanted to hi-light a few key takeaways of homeownership in Texas. First and foremost I know most if not all of us have heard rates are low, rates are low, did you know rates are low?... This is still very true and likely to continue to be really good for the foreseeable future. This is due to the unemployment rate and the fact our economy is still continuing to recover due to the pandemic. That said if the thought of a Refinance has crossed your mind now is still a great time to take action.

However that's not the only golden opportunity on the table currently in the Great State of Texas...

Another great asset to homebuyers right now:
Down Payment Assistance Programs
There are several and all with great benefits especially if upfront out of pocket cost are preventing you form taking action on purchasing a home. These programs will cover up to 7% of the loan amount. These programs are in the form of a second mortgage with zero monthly payment and some are forgivable within 3 years, others are true grants, and some may have to be repaid from the proceeds upon sale, refinance or transfer. Either way they are a great option for someone looking to purchase without a lot of cash on hand for down payment.

I am more than happy to answer any questions you might have on these programs and how they can help you and your family. Give me a call anytime - Cell 469-426-2558
https://philipkizziar.wvmbntxdfw.com/

12/31/2020

https://philipkizziar.wvmbntxdfw.com

Hey Freinds, keep me in mind as we move into a new year. If you, a friend, family member, neighbor, or co-worker are looking to purchase a new home, refinance, or just curious what you qualify for reach out.

Happy New Year! Let’s make 2021 the best year ever!!

philipkizziar.wvmbntxdfw.com In 2002 Philip moved back home to the DFW area to be close to his family after his time in the U.S. Navy. With a young family of his own, he wasted no time and entered the sales industry in order to provide the best life possible for his family.

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