Sunday, February 19, 2012

Loan Application Checklist

The home buying process can be very confusing, therefore, it is tremendously important that you get a Realtor to represent you. After finding the perfect Realtor for you (hint hint Team Texas. lol) the next step is to contact a mortgage lender and get prequalified. We can refer you to some great lenders that are as dedicated as us to getting the deal closed and you in the home you have always dreamed of. Once we find you that perfect place to get the loan process started your lender will require the following list of documents.

                 Loan Application Checklist


- Picture ID with social security number of borrower and co-borrowers.

- Payment to cover the application fee.

- Name and complete address of all landlords for the past two years.


-Human Resources contact and telephone number for each borrower.

- Employment history for the past two years including names, addresses, phone numbers, and length of time with company.

- Copies of your most recent pay stubs and W-2 forms (past two years).

- Verification of other income (social security, child support, retirement).

- If self-employed, you need copies of the past two years signed tax returns including all schedules, and a signed profit and loss statement of the current year. Retirees need tax returns for the past two years.

- If you have rental property income, bring a copy of all lease agreements.


- Copies of all bank and credit union statements for the past three months.

- Copies of all stock/bond certificates and/or the past three statements from all investment and retirement accounts.

- Prepare a list of household items and their values.

- Copies of title documents for all automobiles, boats, motorcycles, etc.

- Face amount, monthly premiums and cash values of all life insurance policies. (Cash value may be used for closing costs or down payments. You need documentation from the carrier indicating cash value).


- Credit cards (account numbers, current balances, and monthly payments).

- Installment loans (car, student, etc.). Same details as for credit cards.

- Mortgage loans (property address, lender with address, account numbers, monthly payment and balance owed on all properties presently owned or sold within the last two years). Bring proof of sale of properties sold.

- Childcare expense/support (name, address, phone number).


- Bankruptcy – bring discharge and schedule of creditors.

- Adverse credit – bring letters of explanation.

- Divorce – bring Divorce Decrees, property settlements, quit claim deeds, modifications, etc. for all divorces by yourself or your spouse.

- VA only – bring Form DD214 and Certificate of Eligibility.

- Retirees – bring retirement and/or Social Security Award Letter

Already being prepared with this information will speed up the process so you don't have to scramble last minute, just prolonging your closing date. We want to be here for you and help guide you through the process and hope that this gives you an idea of what you may need to get going with smooth confidence. Contact us... we promise you will be in good hands!

More information on the home buying process in our future so come back soon!

Member of Team Texas with

Saturday, February 11, 2012

Cypress Texas, Still a Hometown Feel

Cypress Texas...Still a Hometown feel…..

Yes I grew up here….yes I came back and yes…I raised my family in Cypress. I guess I’m here to stay. Grew up in Ravensway...the neighborhood named after General Sam Houston (the Raven).  In fact I recently noted a new cemetery being developed off Cypress North Houston near Telge…just blocks from CyFair High…so now my running joke is that now I’ll probably never leave!!!

 It’s definitely not the Cypress of 1978, back when Huffmeisters Drive In was the place to hang out on Friday nights and the lake at Timberlake was party central until the wooded dead end streets of Enchanted Valley Estates opened up and gave way to nightly bonfires!   That’s all I’ll say about that.

Tin Hall was probably one of the biggest entertainment venues back in my time. Friday and Saturday night BYOB dances helped me learn the art of the Texas Two Step.  They recently started having monthly dances….be sure to check it out and support a local icon.  I know there's a free event there on Sunday Feb 12...with Kevin Black band and BBQ...then a dance on Saturday March 31 with the Lonely Road Band...who will knock your socks off with contemporary country tunes! Lonely Road Band also frequents the Texas Tavern on Cypress North Houston in case you're in the mood for great country music.

My kids helped me with a CyFair High School reunion at Tin Hall a few years ago and were amazed at how many streets showed up as the last name of past graduates….Kluges, Telges, Huffmeisters, Juergens, Mueschke, Borgstedt, and many more. 
If you’re new to Cypress or thinking of moving here, I’d definitely give this place kudos.  CyFair ISD is one of the highest rated school districts in the state. Industry is big, with access to HP, Cameron, Siemens, and many other major industrial corporations.  We’ve still got some of the hometown feel.

Did you grow up here? Do you have a memory you'd like to share? Bring it on....its fun to see what others remember and think about.  See you at Tin Hall!

Monday, February 6, 2012

Fun facts about Cypress, TX

A few interesting facts about Cypress, TX

Did you know that Tin Hall is one of the oldest continually operating dance halls in Texas, it's been in operation since 1889.
How many of your great great grandparents hung out there?

General Sam Houston and his Texas Army camped in the area on March 22, 1836 on the way to Harrisburg, which is now in East Houston, just days before the Battle of San Jacinto. Actually, the neighborhood, Ravensway got it's name from General Sam Houston as that is the area where they camped and he was known as The Raven.
Now you want to go camp out in Ravensway, don't you?

Cypress-Fairbanks comes from when the Cypress and Fairbanks volunteer fire departments joined together to form the Cypress-Fairbanks Volunteer Fire Department. That was later shortened to Cy-Fair.
Good to know!

Cypress was considered mostly rural until the 1980's when developers began several master-planned communities.
We've come a long way baby!

Did you know that the Northwest Forest Conference Center has a life size replica of The Alamo?
Field trip anyone?

Last buy not least did you know that there will be a Wine Fair on April 28, 2012
Umm...we'll see you there.

Debbie Jackson

Member of Team Texas at RE/MAX Realty Center

Black Tie Service
Blue Jean Friendly

Thursday, February 2, 2012

First Time Home Buyer Tips

Tips for First Time Home Buyers in and around the Houston area.

Buyers who are planning the purchase of their first home continue to have a wealth of opportunities in today’s marketplace. In and around the Houston area including Cypress, Tomball, Spring and The Woodlands there are some great opportunities to get into your new home. We talked about the DAP program in a previous blog. This is a great way to get a little financial help and make your dream of home ownership come true. Interest rates are still at record lows. The cost to rent a home or apartment continues to go up as occupancy rates climb.  
Here are a few smart steps to save you time and money:

Start by shoring up your credit. Make sure your credit history is as clean as possible. A few months before you start house hunting contact a mortgage lender and have them look over your credit report. They will be able to let you know if you need to take care of any unwanted marks on your report.
In an effort to get the best credit score possible you should keep your credit cards with a balance of no more than 10% of the cards limit. You should also have at least two current revolving accounts (credit cards) and one installment account (car payments or major purchases with equal monthly payments).

Get professional help. It’s best to get a Realtor involved as early as possible. A Realtor will offer you professional advice and assist with the entire process. TEAM TEXAS feels that it’s never too early to contact a Realtor. If you’ve started looking at homes online, it’s time to get help. You definitely want to have a Buyers Representative. This shouldn’t cost you anything. The agent’s commission is typically paid by the seller. Keep in mind that if you are calling the agent that has the home listed to get information about the home…this agent already represents the seller and they are keeping the sellers best interest in mind. A buyer’s agent will have your best interest in mind and that’s what you need, someone who is looking at for YOU.
Even if you are considering buying a new construction home, it will benefit you to have a Realtor representing you. Remember the sales rep at the model home works for the builder. See what our clients have to say about us here.

Hire a home inspector. Armed with a home inspection report, you’ll be able to move into your new home with confidence—or have your Realtor negotiate the necessary repairs for you. You definitely don’t want your dream home to become a nightmare. Make sure that any issues are addressed quickly.

Bonus tip: Be patient – buying a home is one of the largest purchases most people will make in their lifetime. The key to avoiding buyer’s remorse is to be completely comfortable before signing on the dotted line.

Feel free to call anytime with questions 281-213-9296

Make it a great day!

Debbie Jackson

Member of Team Texas
with RE/MAX Realty Center - Cypress