Category Archives: Mortgage

New TILA-RESPA Discloure Rule  Overview

New TILA-RESPA Discloure Rule Overview

There is a change being implemented with regards to a new, one-page loan estimate document coming from the Consumer Financial Protection Bureau (referred to as TRID)  and includes  the  TILA-RESPA integrated disclosure rule. Beginning October 3, 2015 there will no longer be a Good Faith Estimate (GFE) or Truth in Lending disclosure; those two forms

Home Buyers Try to avoid moving money in your accounts prior to closing!

A good tip for Lake Charles Home buyers obtaining financing on a Lake Charles home under contract, is don’t move money from accounts prior to your closing date! The lender will want to review new savings account/checking account statements prior to closing.  Any out of the ordinary amount will cause the lender to question the

Mortgage Changes go into effect January 10, 2014

Mortgages Changes For 2014   The Consumer Financial Protection Bureau, created in 2010 to protect mortgage seekers from unscrupulous lenders and in some cases, themselves, are about to enforce a new set of Qualified Mortgage rules that will start to phase in on January 10th, 2014 and the residential real estate market could be in for

FHA Loan Changes Coming in 2013

FHA Loan Changes Coming in 2013

FHA LOAN CHANGES  FHA loans are one of the most popular loans home buyers obtain.  Buyers can expect to see changes in FHA mortgage insurance and up front fee going into effect in 2013. The current FHA up-front fee will increase from 1.75% to 1.85% of  loan amount  beginning January 1st, 2013.   Next year sometime, the

Avoid 2013 Real Estate Armageddon- Why NOW is a Good Time to Buy/Sell

Avoid 2013 Real Estate Armageddon- Why NOW is a Good Time to Buy/Sell

According to statistics shared by the Wall Street Journal, the economic forecasters expect to see a 2% home price increase in 2012 and a 3% increase in 2013. It is news like this which causes home sellers to  hold off listing in the hopes of  gaining a larger profit higher home prices.  This is a

Take Advantage of Low Interest Rates–I Did!

Take Advantage of Low Interest Rates–I Did!

Even loan officers and realtors take advantage of the historical low rates!  That’s right my husband, a loan officer, and myself, a Realtor,  just refinanced our home taking advantage of low mortgage rates.  Although we have only been in our home for four years, we are saving a substantial amount of money by refinancing at

Louisiana Mortgage Associates Holiday Open House With Real Estate Professionals

Louisiana Mortgage Associates Holiday Open House With Real Estate Professionals

You may have noticed the big white tent set up in front of Louisiana Mortgage Associates on Ryan Street in Lake Charles this week. Louisiana Mortgage Associates in Lake Charles, LA hosted their annual Christmas Open House for clients, vendors and real estate professionals.  Those of us  who  showed up  were treated to some good