Fall Creek
Eunice: (713) 851-8888 OR Rod: (281) 684-4300    Email: eunice@eunicedennis.com or rod@eunicedennis.com

CALL EUNICE AT (713) 851-8888 OR ROD AT (281) 684-4300 FOR YOUR REAL ESTATE NEEDS!

Want to request more detailed information? To complete the GENERAL REQUEST FORM, click HERE.
This section features mortgage program information. In order to help you with your next home or property purchase, or refinance, we have put together a simple review of some of the major mortgage programs.  
Additionally, real estate refinancing is something many consider, but it is essential to understand some basic information about the process before you proceed.
Most people refinance their home to lower their rate, switch from an adjustable rate mortgage to a fixed mortgage, or to pull out money for important ancillary reasons.
We always think working with a real estate mortgage professional is critical when making a good home financing decision. Timing is everything when refinancing a home.
Need a mortgage professional? Consider Dom Capriotti, and click HERE.

Variable or Adjustable-Rate Real Estate Mortgage

With an adjustable rate mortgage, the rate of the loan can change throughout the term of the loan. Many ARMs have a short fixed period and then become truly adjustable. The rate of the loan is based on adding points to a fixed base.

Fixed-Rate Real Estate Mortgage
With this type of loan, the interest rate remains consistent throughout the term of the loan.

Balloon Real Estate Loan
A balloon loan is a real estate loan where there is a lump sum due at the end of the loan. This normally encourages an individual to refinance prior to the end of the term of the loan.

Jumbo Real Estate Loans
A jumbo loan is any residential or commercial loan exceeding the guidelines of Fannie Mae and Freddie Mac.

FHA Real Estate Loans
A FHA loan is a loan in the United States that is insured by the Federal Housing Administration.

VA Real Estate Loans
A VA loan is a loan in the United States guaranteed by the Veterans Administration. The loan may be issued by qualified lenders. The VA was designed to offer long-term financing to American Veterans or to their surviving spouses.
Reverse Mortgage (Reverse Annuity Mortgages)
Reverse mortgages are loans secured by the home that do not need to be repaid until the borrower dies, sells the home, or moves out permanently. To obtain a reverse mortgage you must be at least 62 years old and own your own home, which must be your primary residence. There are no income requirements.
It is OK to have an existing mortgage, but you must be able to get enough from the reverse mortgage to pay it off. The owner remains responsible for taxes, insurance and home maintenance. For more detailed information, click HERE. 
Do you need professional real estate representation buying property in this area? With over 40 years of real estate experience in this market, we are uniquely equipped to help!
We can help meet ALL of your real estate needs, including residential, commercial, leasing, and income property.
Please contact Eunice at (713) 851-8888 or Rod at (281) 684-4300, and we will be happy to provide you with some outstanding ideas on how you can best prepare to buy your property.