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Category | Mortgage Resources

PayOff Revolving Debt to Qualify

It is with great news that we share that we have updated the guidelines with regards to Fannie Mae Loans and Paying Off Debt to Qualify. Effective with 2015-06, FNMA has reversed their position on revolving debt payoff and will no longer require a revolving debt to be paid in full to also be closed. […]

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Banking v. Brokering of Mortgages – Myths and Facts

4 Myths Debunked: 1. Mortgage Banks offer the same or better products 2. Mortgage Banks can “get things done” since they have direct Underwriting access. 3. Mortgage Banks can obtain better pricing 4. Mortgage Banks are a cleaner option from a compliance and experience perspective. Facts: 1. Mortgage Brokers have access to an array of […]

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FHA Purchase Solutions

Are you Looking for FHA purchase Solutions? Purchasing a home in the current economic time is a challenge for many people, with the main issue being raising enough cash for financing the purchase. However, things changed since the Federal Housing Administration (FHA) was launched decades ago. At the moment, you can get an FHA loan […]

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Fixed Rate Loans

If you are buying a home, looking into fixed rate loan just makes sense. This approach provides a number of benefits that will make managing the loan much easier. Here are some tips that will help you determine if mortgages in New York with a fixed rate are right for you. One of the main […]

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Non-QM Products

Understanding non-QM Products, and how to get Them The Qualified Mortgage or QM in short, requires you to fulfill some requirements to qualify. However, many borrowers don’t fit into the QM category, which led many lenders to start trading in non-QM products. Non-QM loans are suitable if your financial or property profile falls outside the […]

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Lower Rates to Come!

There has been action in the German markets that could very well show singles for lower rates over here. The German 10-Year Bund, which is equivalent to our 10 yr Treasury is trading at 1%. It actually dipped below 1% earlier today. And the German Stock market, the DAX , has seen a 10% correction […]

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We Have Expanded our Product Mix!

We have expanded our product mix at Centex Capital. Here is a highlight of what to expect. Our Home Buyer Power Highlights We have added several options that include: • Expanded the DTI to 55 percent. • We have set up the interest only option for affordability. • We offer loans for non-warrantable condos. • […]

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Refinancing a Coop

Refinancing A Coop Mortgage While a coop refinance makes sense financially, especially in New York, the original terms of the coop mortgage need to be carefully examined as well as the reasons for the refinancing. If the reason is to get a lower interest rate, weigh the pros and cons before making any final decision, […]

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What YOU Need is what YOU Get… Every Time

At Centex Capital, we make sure you get only the best funding services to help you with your current project. We have put in place strategies to make your borrowing experience better. Quick Underwriting Our underwriter sits in the same office as our loan officials. This makes it easier for them to respond to your […]

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Latest Enhancements in the Mortgage Industry

Trust us at Centex Capital to keep you informed on the latest enhancements in the mortgage market. Here is the latest. USDA Expansion Changes have occurred in this rural program especially when it comes to the Matrix Grid for Streamline and Pilot refinances. The maximum LTV/CLTV for both grids has been updated to 125 percent […]

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