• Friday, March 26th, 2010
After months of criticism that it hasn’t done enough to prevent foreclosures, the Obama administration announced on Friday a plan to reduce the amount some troubled borrowers owe on their home loans. This plan will not apply to the investors or the vacation homes properties. To get the full story read Gov’t Unveils $14B Plan to Help Troubled Homeowners.
If you have any questions regarding your mortgage or selling your home contact Team Decell.
• Thursday, March 11th, 2010
10380 Ferry Farm Ln in the Village at Panther Creek in Frisco is an awesome 3 Bed Room, 2 Bath home with 2 Living areas in the Community of the Village at Panther Creek! This Frisco home for sale has a wonderful and large corner lot with open patio. Great community pool, with private lake, with playground and greenbelt! This home features a Fireplace with gas logs an amazing kitchen that has a breakfast bar, granite counters and island. Tour this wonderful home today!
Call Team Decell by 3/25/10 to buy this home and we will give you 30% of our commission.
The Frisco ISD Schools for this home for sale are Tadlock Elementary, Roach Middle and Heritage High School.
If you are interested in talking to someone about your options please call us or if you are interested in Homes for Sale in Plano, Frisco, McKinney, Allen and the surrounding area TEAM DECELL is who you need to call. We also assist with New Construction Homes, Pre-Owned Homes, Foreclosure Homes and Short Sale Homes. We are your home town experts and offer excellent customer service. 214-975-3210
• Friday, March 05th, 2010
12283 Colorado Dr in Frisco Heights of Frisco is a Stunning home. This 4 bedroom 2 bath home has a huge pool sized yard. Great Floor plan that is bright and open with hardwood floors in the entry. Large and spacious Eat-in Kitchen opens to the adorable family room with a beautiful fireplace and oak mantle. The Frisco Home has a large master suite with window seat, dual vanities and deep soaking tub in the master bath with a big walk-in closet. Good sized secondary bedrooms. Home is complete with a wrap around yard and a covered patio. Walk to a great park and playground, Community Pool and Exemplary Elementary School.
The Frisco ISD Schools for this home for sale are Ashley Elementary, Roach Middle and Heritage High School.
If you are interested in talking to someone about your options please call us or if you are interested in Homes for Sale in Plano, Frisco, McKinney, Allen and the surrounding area TEAM DECELL is who you need to call. We also assist with New Construction Homes, Pre-Owned Homes, Foreclosure Homes and Short Sale Homes. We are your home town experts and offer excellent customer service. 214-975-3210
• Wednesday, March 03rd, 2010
8260 Durham Dr in Preston Gables of Frisco is a clean, sharp and well designed home plan offering a huge family room and with lots of extra touches. Design elements include dramatic ceilings, plant ledges and huge windows for lots of natural light. Other upgrades include freshly painted, crown, chair & picture moldings. There is no carpet anywhere. 42 in cabinets, deep kitchen sink, double oven and new microwave Nov 2009. This Frisco Home for Sale also includes upgraded plumbing fixtures in master bath board on board cedar fence with metal posts Dec 09. Be quick so you can take advantage of the Tax Credit that ends April 30, 2010.
The Frisco ISD Schools for this home for sale are Christie Elementary, Clark Middle and Centennial High School. This home is also walking distance to the award winning Christie Elementary.
If you are interested in talking to someone about your options please call us or if you are interested in Homes for Sale in Plano, Frisco, McKinney, Allen and the surrounding area TEAM DECELL is who you need to call. We also assist with New Construction Homes, Pre-Owned Homes, Foreclosure Homes and Short Sale Homes. We are your home town experts and offer excellent customer service. 214-975-3210
• Sunday, February 14th, 2010
4280 Republic Dr in Heritage Lakes of Frisco is a gorgeous 2 story home. This home has 4 bedrooms and 2.5 baths in the gated community of Heritage Lakes. This Frisco home includes hardwood floors, curved staircase to the secondary bedrooms and the downstairs master bedroom boasts large separate his and her walk-in closets, separate vanities and a large garden tub. The neighborhood amenities include 7 stocked lakes, clubhouse, Gym, pool with a lazy river and a 9 hole golf course. This home for sale is a great value at $89.22 per foot in a Gated and Guarded Community.
If you are interested in talking to someone about your options please call us or if you are interested in Homes for Sale in Plano, Frisco, McKinney, Allen and the surrounding area TEAM DECELL is who you need to call. We also assist with New Construction Homes, Pre-Owned Homes, Foreclosure Homes and Short Sale Homes. We are your home town experts and offer excellent customer service. 214-975-3210
• Wednesday, January 27th, 2010
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Recent guidelines from Washington have forced a change to the way that loan originators will disclose closing costs for all homebuyers. The purpose of the new Good Faith Estimate is to level the playing field for borrowers comparing loans to be able to make apples to apples comparisons for loan scenarios.
In essence, HUD is working to bring all lenders up to the same standard of excellence in reporting closing costs and estimating realistic fees that a buyer should expect to pay at closing with no last minute surprises.
Below are some important points to know:
1. All fees paid to the lender/broker are to be consolidated in one line, including processing fees, origination fees, etc. These charges cannot change from the original estimate without a material change to the loan requested.
2. In the event fees are being charged to obtain a lower rate, these are to be broken out and itemized for the borrower’s ease of comparison to other loan programs.
3. Estimates for fees from government recording charges and third party settlement providers we suggest are to be itemized and the lender is held to a tolerance of 10% for their accuracy. In the event the estimated charges exceed the amount listed by the allowable tolerance, the lender will be responsible for making up the difference.
4.Estimates for services that the buyer can shop for and do choose can change at settlement without the lender being held accountable. This can include title charges, homeowner’s insurance, and initial deposits for an escrow account.
5. Owner’s title policy must be included on the GFE as a borrower cost, regardless of who is paying for it. Therefore, the Good Faith Estimate of cost will appear very high.
6. There is no cash to close estimate and there is no total payment shown on the GFE.
Now here is an important point to watch for. Many lenders instead of giving out the OFFICIAL GFE are giving out what they are calling a Closing Cost Estimate or Closing Cost Analysis. Neither of these is the official GFE. Lenders who give these out in lieu of the GFE do not have to guarantee the fees that are shown. At some point Lenders do have to give you the GFE but if they wait to long they then have you the buyer over a barrel. Please click on the link above, the new GFE, to see what the real one actually looks like. If you are working with a lender and they have not given this to you then you need to contact them immediately.
If you are not sure what your lender has given you or if you are interested in Homes for sale in Frisco, Plano, Allen, McKinney and the Surrounding Area then TEAM DECELL is who you need to call. We are your home town experts. 214-975-3210. TEAM DECELL works with local lenders that we know are reputable and are not trying to take advantage of the unsuspecting buyer.
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• Thursday, January 21st, 2010
Here we go again with additional changes in the already trouble world of Mortgage. It seems that the only thing that is certain is that the mortgage industry is going to continue to change. If you are considering the sale and purchase of a home it is crucial to speak with a LOCAL Lender that can walk you thru this very complicated process.
I say LOCAL because many consumers have used mortgage institutions over the internet only to find that the loan does not close or the fees have drastically changed. Work with your Realtor because they will usually have a recomendation of someone that they already have a relationship with.
TEAM DECELL is your neighborhood experts. We assist clients in buying or selling their home in Frisco, Plano, McKinney, Allen and the Surrounding Area. We also have relationships with Lenders that have a proven track record and can get the job done in a painless and timely manner. Don’t let the inexperience of others spoil your Home Purchase. We have a team of experts that will take care of your needs. Below are the upcoming changes.
- Mortgage insurance premium (MIP) increased to build up capital reserves and bring back private lending.
- FHA will raise the up-front MIP to 2.25% and request legislative authority to increase the maximum annual MIP that the FHA can charge.
- If this authority is granted, then the second step will be to shift some of the premium increase from the up-front MIP to the annual MIP.
- This will allow for capital reserves to increase with less impact to the consumer, because the annual MIP is paid over the life of the loan instead of at the time of closing
- The initial up-front increase is included in a Mortgagee Letter to be released tomorrow, January 21st, and will go into effect in the spring.
- Update the combination of FICO scores and down payments for new borrowers.
- New borrowers will now be required to have a minimum FICO score of 580 to qualify for FHA’s 3.5% down payment program. New borrowers with less than a 580 FICO score will be required to put down at least 10%.
- This allows FHA to better balance its risk and continue to provide access for those borrowers who have historically performed well.
- This change will be posted in the Federal Register in February and, after a notice and comment period, would go into effect in the early summer.
- Reduce allowable seller concessions from 6% to 3%
- The current level exposes the FHA to excess risk by creating incentives to inflate appraised value. This change will bring FHA into conformity with industry standards on seller concessions.
- This change will be posted in the Federal Register in February, and after a notice and comment period, would go into effect in the early summer.
- Increase enforcement on FHA lenders
- Publicly report lender performance rankings to complement currently available Neighborhood Watch data - Will be available on the HUD website on February 1.
- Enhance monitoring of lender performance and compliance with FHA guidelines and standards.
- Implement statutory authority through regulation of section 256 of the National Housing Act to enforce indemnification provisions for lenders using delegated insuring process
- HUD is pursuing legislative authority to increase enforcement on FHA lenders.
• Wednesday, December 23rd, 2009
5311 Lafayette Dr in Plantation Resorts of Frisco is a beautiful, spacious, warm, inviting home. This 3476 Square Foot home for sale in Frisco overlooks the tranquil pond that runs through the Plantation Resort and is priced at $288,000. Some of the features include 2 large living areas, 4 bedrooms and 3.1 baths. The Large kitchen has lots of beautiful tile floors. 121 & Tollway are close by and convenience to Frisco’s Stonebriar Mall for shopping, dining & entertainment. The home for sale has only been on the market for a couple of days and it won’t last. The nice ones never do so act quickly.
The Frisco ISD Schools for this home for sale are Curtsinger Elementary, Wester Middle and Centennial High School. This home is also walking distance to the award winning Curtsinger Elementary.
If you are interested in talking to someone about your options please call us or if you are interested in Homes for Sale in Allen, Frisco, McKinney, Plano and the surrounding area TEAMDECELL is who you need to call. We also assist with New Construction, Pre-Owned homes, Foreclosures and Short Sales. We are your home town experts and offer excellent customer service. 214-975-3210
• Tuesday, December 15th, 2009
2510 Brentwood Dr in Quail Meadow Village of Frisco is a lovely home located on large, corner cul-de sac-lot! Only home in the neighborhood with this elevation and stone! Upgraded Granite counters, gas cook-top, stone backsplash & window seat in island kitchen. Some upgrades include frieze carpet, 20 inch tile flooring in kitchen, utility and entry. Faux finished walls in kitchen & master bath. Jetted tub in down master bath. 2 community pools w-slides, clubhouse, exercise facility, park, playground, greenbelt & jogging trails!
The Frisco ISD Schools for this home for sale are Bledsoe Elementary, Pioneer Middle and Frisco High School.
If you are interested in talking to someone about your options please call us or if you are interested in Homes for Sale in Allen, Frisco, McKinney, Plano and the surrounding area TEAMDECELL is who you need to call. We also assist with New Construction, Pre-Owned homes, Foreclosures and Short Sales. We are your home town experts and offer excellent customer service. 214-975-3210
• Tuesday, December 15th, 2009
10014 Max Lane in Hillcrest Estates of Frisco is a quality Drees Built Custom Home. Many custom features including neutral décor, French doors off foyer into study, large kitchen & breakfast area with center island & double ovens, and 42 inch cabinets. Ceramic.Tile in kitchen & bathrooms and a large laundry room with built-ins. Check out the size of bedrooms with large walk-in closets. The storage is a bonus in this home with a oversized attic storage, oversize garage & extended driveway. Convenient location with easy access to the Tollway.
The Frisco ISD Schools for this home for sale are Smith Elementary, Clark Middle and Centennial High School.
If you are interested in talking to someone about your options please call us or if you are interested in Homes for Sale in Allen, Frisco, McKinney, Plano and the surrounding area TEAMDECELL is who you need to call. We also assist with New Construction, Pre-Owned homes, Foreclosures and Short Sales. We are your home town experts and offer excellent customer service. 214-975-3210
