Dallas Mortgage: Improved Real Estate Market Brings Good News for Veterans

The real estate market is back on the rise, with Dallas being listed within the top 20 of best-performing markets across the US. And with the increase in population and a higher employment rate, there are more reasons for prospective owners to purchase homes in the area. However, buying a home is never easy, especially when it comes to funding. This is why first-time home buyers choose to take on loans from Dallas mortgage companies. But what about those who are unable to work, thus can't get enough money to purchase a home? In a recent report from CBS DFW, war veteran Curtis Zachary, who was declared 100% disabled after suffering an injury from his deployment in Iraq, was awarded a mortgage-free home from non-profit organization Defenders of Freedom. While not everyone has this opportunity, buyers can still work with local loan companies to select affordable loan options so they can purchase their own home.

http://dallas.churchillmortgage.com/industry-news/dallas-mortgage-companies-discuss-the-revitalized-real-estate-market-giving-back-to-veterans/

Why Dallas Mortgage Lenders Say Math is a Borrower's Friend

According to an article written by Les Christie for CNNMoney.com, home buyers may need to sharpen their math skills to avoid defaulting on their mortgage payments. Christie writes that borrowers who perform poorly at math are 5 times more likely to default on payments. The statement is supported by a study by Columbia Business School associate professor Stephan Meier. Participants in the study were borrowers who were issued mortgages in 2006-2007 who were asked to solve several math problems. Results showed that 25% of borrowers with the lowest scores and only 5% of borrowers with the highest scores defaulted on payments within 5 years of getting the loans. Purchasing a home involves a lot of math, and while reputable Dallas mortgage lenders have the responsibility of doing most of the computations, borrowers are still responsible for other matters. These include building a strong credit, reducing debt and saving money to make a down payment.

http://dallas.churchillmortgage.com/industry-news/dallas-mortgage-lenders-say-brushing-up-on-math-skills-can-deter-foreclosure/

Rise in Home Prices & Revitalized Real Estate Market: Great News for Dallas Mortgage Companies

The housing market in Dallas is showing brighter signs of revitalization, as homes are being sold quickly despite the rise in prices. In a report made by Claire St. Amant for the CultureMap Dallas, home prices in Dallas increased by 7.4% since 2012, which indicates a rise of about 12.1% in a nationwide scope – figures that are last seen in 2004. Prospective home buyers are advised to seek the expertise of Dallas mortgage companies to give them flexible and secure mortgage options and programs. Moreover, Dallas residents who are interested in building wealth must take no-mortgage investments into consideration. It is an all-cash home purchase that creates diversified portfolios of common stocks. Mortgage or no-mortgage, people who are planning to purchase properties must talk to their trusted mortgage companies to help them attain their specific goals.

http://dallas.churchillmortgage.com/industry-news/dallas-mortgage-companies-discuss-rising-home-prices-the-revitalized-real-estate-market/

How Self-Employed can Apply and Secure Safe Dallas Home Loans

According to the report done by Ryan Starr of The Star, self-employed home buyers are having more difficulty in applying and securing safe Dallas home loans. Freelancers are experiencing lengthier screening processes when applying for home loans as compared to employed ones. This is because rank-and-file's salary is supported by official figures and financial statements, whereas self-employed borrowers need to be more credible in declaring their income. Self-employed folks need to present the right papers to support their income claims, which demands that a business owner should be running his business for at least two years to become a stable customer for lending companies. The whole proceeding can be daunting, but assistance from a reputable mortgage company is going to make the weigh lighter.

http://dallas.churchillmortgage.com/industry-news/how-the-self-employed-can-secure-flexible-dallas-home-loans/