Motivation Frisconians?

Today was just a good day to post a positive feel post. It's cold outside, and I can hear the wind whistle by the window...AND it's Monday. On days like this, I know that purpose and pro action needs a little prodding, so I search out for extracurricular remedies to gather my energy.
--"Attitude is the hinge the door of your destiny swings on." (by Keith A. Craft)...that pretty much means to me, since we actually have control of our own attitude, we control our own destiny.
--Another one from Keith Craft goes like this, "The happiest people on the Earth are not people who don't have problems, but they are people who have learned to solve problems."...you know, we all have those dear friends that can spend hours on hours talking about their problems and who is responsible for them, but they aren't. The weird thing about it for me is, as I listen to those problems, I think back in my "database of life" and it becomes conscious to me that I at one point shared those same exact problems. The difference is, I also become conscious to the fact that I remember what sacrifices I made in the past that I didn't necessarily think I had the energy, time, or even the responsibility to make, and I chose to make the sacrifice investment for the future to change my plan or activitiy for that scenario and I no longer have some of those problems...I decided to own them, and therefore did what it took to solve them. I STILL HAVE PROBLEMS, AND I STILL CHOOSE NOT TO OWN SOME OF THE PROBLEMS AND AVOID SACRIFICE, BUT I THANK GOD FOR MAKING ME HUMAN...AFTER ALL, WE ALL HAVE THIS ISSUE AND SOME CHOOSE TO BE MORE ACTIVE IN THEIR OWN LIVES THAN OTHERS AND I LIKE TO THINK I AM MORE ACTIVE TOWARD MY DIRECTION OF PROGRESS, NOT PERFECTION.Have a great week and best wishes for youR Thanksgiving!!!

100% Financing, Zero Down Payment, Texas Home Buyers

If you would like to see what your AMI (Average Median Income) per your location is to see if you qualify for this loan, please click on the following Hyper Link. Most cities in and around the Dallas Area are $68,000.
For more questions, call me at 469-450-(BRAD)2723
Median Income Eligibility Indicator site.

Irving TX Condo For Sale ---$86,000 or best offer--- 2 bed 2 bath 1167 Square Feet

Condo Investment Opportunity Irving Texas: Buy Directly From Owner...Easily Cash Flowed
Irving Texas Condo for Sale: 4517 N. Oconnor Rd. #1135

2 bed, 2.5 bath...1167 Square Feet...Pergo Wood Floors...patio...balcony...gated community with 24 hour on duty security guard...2 pools on property...work out facility...spa...washer and dryer INCLUDED!!! REFRIGERATOR INCLUDED!!!

As an experienced Mortgage Consultant of 6 years in the area, it was my first advisement to list the condo with a pro/Realtor, but after having it listed through one full term in a listing agreement with a Realtor, the buyer is determined to try to sell this buy owner before listing it again.

This Condo is in North Central Irving in an area highly populated with local executives. The owner bought the condo years ago on a 15 year note, and now that they have married and moved into a new home in Highland Village Tx, they do not have the interest in refinancing into a 30 year note to turn this property into an investment cash flowing property. They are highly motivated and ready to have only one mortgage.

Irving is noted in numerous Real Estate Blogs and media as an area to live with great expectations of equity appreciation opportunities in the near future. Buying a condo in Irving Texas can be an easy place to manage Real Estate portfolios do to the high demand renters provide in the area. This condo location is 2 short minutes from highway 114 that intersects I35, the highway that runs through the heart of downtown Dallas. Also attractive about the location is it's location directly across from Las Colinas Country Club and a block from the prestigious Four Seasons Hotel and Resort.

I am putting this Blog as a favor for Jarod, as he is a close friend of mine for over 20 years. For inquiries on this property, call 469-441-1357...ask for Jarod Farda. Jarod grew up in Irving Texas his entire life and can answer any questions about the area from experience.








Call Jarod at 469-441-1357 or email him at fardaj@lisd.net or

Call Jeannie at 432-553-2818 or email her at jrae219@aol.com

If you are interested in financing for this property, call me Brad Lynch at 469-450-2723 or email me at bl@fmillc.com

Land America Financial Group, Inc Purposes to Be Acquired by Fiedelity National Financial

One day after postponing its third quarter earnings report, title insurer LandAmerica Financial Group, Inc. (LFG: 8.70 +83.16%) said Friday morning it would be acquired by competitor Fidelity National Financial Inc. (FNF: 11.23 +34.49%), the first major merger/acquisition to hit the title insurance side of the business as a result of the nation’s housing crisis. The all-stock deal is valued at about $128.4 million, according to a statement by the firms ahead of market open on Friday; LandAm shareholders will receive 0.993 shares of Fidelity National stock.
The combination will create a behemoth title insurer, controlling roughly half of the entire market, and allowing Fidelity National to finally leapfrog past The First American Corp. (FAF: 23.05 +18.14%) in market share. Together, LandAm and Fidelity National represented 46.3 percent of the market during 2007.
The deal comes amid speculation that LandAmerica may have been in trouble, and the particulars of the announced deal make it clear that the rumors were true: FNF subsidiary Chicago Title Insurance Co. will provide a $30 million credit facility to LandAm “as a means of potential additional liquidity,” according to a press statement. Advances under the facility are secured by $155 million in par value of auction-rate securities held by LandAm, Fidelity National said.
“The unprecedented credit freeze and depressed real estate market have negatively impacted our business to the point that it has become increasingly difficult for LandAmerica to remain an independent public company,” said LandAmerica chairman and CEO Theodore Chandler, Jr. Fidelity National chairman William Foley, II said in a statement that the merger should bring at least $150 million in operational costs savings between the two firms, but did not specify how many jobs would be lost through the merger. LandAm’s Chandler will join Fidelity National’s board of directors as a vice chairman when the deal is complete, both companies said.
No expected date was provided for the merger to be completed.

2009 Fannie Mae and Freddie Mac Conforming Loan Limit

The report is out. Conforming Loan Limits will remain unchanged.

There were many families in the United States that had hopes for an increase in the the conforming loan limit. Those families with current loan pay offs near or higher than $417,000 and higher loan to values, had hopes that the new conforming limits would increase so that their Loan to Values would be accepted in the less stringent conforming guidelines. Word is out, and those families will have to wait until at least 2010 for such expectations. The report came out today as I read on Reuters , the comforming loan limit will remain at $417,000 for 2009.
For more in depth details, click on the Reuters hyper link above.

Prime Rate vs 30 Year Mortgage...Charted For Easy Tracking

As a mortgage consultant, we try to answer that ever expected question when the Fed moves prime, "...so, how is my rate affected by the rate change in prime?", but don't always have right on hand a chart. [Please see previous post at LINK for additional details regarding this subject].

When buying Real Estate, it would be easy to conclude from the information below, although the 30 year fixed rate will also drop after the Fed drops Prime, it would be rare that you had the time to wait if you are already in a contract and Prime was dropped. The 30 year rate takes a little a while to react after Prime has been changed. In the same fashion, Prime is increased and you are under contract, you can probably stand to still float a lock for 15-30 days w/out too much concern in losing ground on your rate.

Below is a chart of the past 30 + years tracking the Prime Rate and the 30 year fixed mortgage. In case it doesn't show up too clear, the blue is Prime and the orange is the 30 year mortgage. It is tracked on September of every year starting in 1971 and ending at Sept 2008.

By saving this chart on your desktop or My Documents, you can forward this chart along with your version of the explanation when they ask, "what's up with my rate now since Fed changed Prime"?


Best of luck in your home buying goals!

Buy Condo Irving Texas: 4517 N. Oconnor Rd. # 1135

Condo Investment Opportunity Irving Texas: Buy Directly From Owner...Easily Cash Flowed (edit/delete)
Irving Texas Condo for Sale: 4517 N. Oconnor Rd. #1135

2 bed, 2.5 bath...1167 Square Feet...Pergo Wood Floors...patio...balcony...gated community with 24 hour on duty security guard...2 pools on property...work out facility...spa...washer and dryer INCLUDED!!! REFRIGERATOR INCLUDED!!!

As an experienced Mortgage Consultant of 6 years in the area, it was my first advisement to list the condo with a pro/Realtor, but after having it listed through one full term in a listing agreement with a Realtor, the buyer is determined to try to sell this buy owner before listing it again.

This Condo is in North Central Irving in an area highly populated with local executives. The owner bought the condo years ago on a 15 year note, and now that they have married and moved into a new home in Highland Village Tx, they do not have the interest in refinancing into a 30 year note to turn this property into an investment cash flowing property. They are highly motivated and ready to have only one mortgage.

Irving is noted in numerous Real Estate Blogs and media as an area to live with great expectations of equity appreciation opportunities in the near future. Buying a condo in Irving Texas can be an easy place to manage Real Estate portfolios do to the high demand renters provide in the area. This condo location is 2 short minutes from highway 114 that intersects I35, the highway that runs through the heart of downtown Dallas. Also attractive about the location is it's location directly across from Las Colinas Country Club and a block from the prestigious Four Seasons Hotel and Resort.

I am putting this Blog as a favor for Jarod, as he is a close friend of mine for over 20 years. For inquiries on this property, call 469-441-1357...ask for Jarod Farda. Jarod grew up in Irving Texas his entire life and can answer any questions about the area from experience.




Call Jarod at 469-441-1357 or email him at fardaj@lisd.net or

Call Jeannie at 432-553-2818 or email her at jrae219@aol.com

If you are interested in financing for this property, call me Brad Lynch at 469-450-2723 or email me at bl@fmillc.com