Mortgage Minute: Be Patient During Underwriting


MORTGAGE MINUTE 562X375

It’s natural to want the home buying process to begin and end quickly, however, it’s important to be well-versed in the mortgage process. Our friends at Home Team Mortgage are here to help you every step of the way. Check the Ebby blog often to familiarize yourself on a variety of mortgage topics.

 

Keep your finances as boring and steady as possible between the time you apply for a mortgage and the time you close on the loan.

 

That sounds simple in theory, but it’s sometimes difficult in practice, especially for first-time homebuyers. What it means is this: Don’t charge up your credit cards and don’t apply for new credit while the mortgage is going through the underwriting process.

 

When you apply for the mortgage, the lender looks at your credit report and your credit score. Then, shortly before closing, the lender surveys your credit again. If there’s a substantial change — say you maxed out your credit cards to buy furniture and appliances, or you got a loan to buy a car — the lender might have to delay your mortgage closing. In drastic cases, you could torpedo your mortgage and have to apply all over again.

 

Considering purchasing a home? Home Team Mortgage Company, Ebby Halliday’s affiliated mortgage company, has a track record of building long-lasting relationships by providing exceptional service with competitive rates. With an office in each Ebby Halliday branch, Home Team Mortgage loan officers offer the convenience of one-stop shopping, coupled with expertise to ensure peace of mind for borrowers and agents alike.

 

For all your mortgage questions and needs, contact Home Team Mortgage Company.

Market Snapshot: November 2017


Curious how the North Texas housing market performed last month? Take a look at the stats that sum up the month of November.

WEB_COR_Market Snapshot_November

A New Path to Your Dream


Flying over the suburbs of Melbourne

You may not be ready to buy a house today, but you can still live in the home of your dreams with help from Ebby Halliday Realtors and Home Partners of America.

Home Partners of America expands rental inventory options by casting a wider net to include properties not usually available for rent. For sellers, a Home Partners-qualified home can expand your potential buyer pool by marketing the property for lease, as well as for sale. If a qualified renter is interested, Home Partners of America may buy your home with a quick close and in cash.

Ebby Halliday Realtors can help you find or sell a Home Partners-qualified home. Here’s how it works:

1. Get Approved

• If an application is approved, Home Partners will outline the maximum monthly rent of the home for which the prospective household qualifies.

2. Find a Home Partners qualified home

• Prospective households will work with a Realtor to find a Home Partners-qualified home.
• Once a home is identified and approved by Home Partners, Home Partners will attempt to purchase the home. The outcome depends on certain conditions being met such as agreeing on a purchase price with the seller, a satisfactory inspection, attorney review of the purchase contract, and other closing conditions being satisfied.

3. Home Partners purchases the qualified home

• Once Home Partners’ offer for the home is accepted by the seller, prospective households will be required to sign a one-year lease for the home as well as a Right to Purchase Agreement.

4. Right to Purchase

• The household has the right to purchase the home at any time during their residency at the pre-set purchase price. If the household chooses not to renew the lease, they can walk away without penalty.

For more information, contact your Ebby agent today.

Holiday Season is Bright for Selling Your Home


Holiday Season is Bright for Selling Your Home

 

The holiday season is upon us.

 

With all the parties and family events taking place this time of year, many people decide to take their homes off the market or delay listing their home for sale. But this holiday season may actually be the ideal time to sell your home. Why?

 

*  The average home sales price in North Texas is up 4.3 percent over this time last year.

 

*  Mortgage interest rates are at historic lows.

 

*  Consumers who shop for a home during the holidays are serious, motivated buyers.

 

*  There are fewer homes on the market during the holiday season. With less competition, your home may sell faster and at a higher price.

 

*  Homes “show” better when decorated for the holidays.

 

*  January is traditionally the month for employees to begin new jobs. Since many transferees are not able to wait until spring to buy, your home should be on the market now to not miss out on this significant group of buyers.

 

*  By selling now, you’ll have an opportunity to be a non-contingent buyer during the spring, when many more houses will be for sale, which may mean lower prices. This could allow you to sell high and buy low.

 

If you’re considering listing your home this holiday season, contact an Ebby Associate today to learn more about the real estate market in your neighborhood. To find the right agent for your residential real estate needs, visit the award-winning, mobile-friendly ebby.com.

 

New Cedar Creek Lake Office Celebrates Grand Opening


 

New Cedar Creek Lake Office Celebrates Grand Opening

 

On October 11, Ebby Halliday Realtors hosted a Chamber of Commerce ribbon cutting and celebratory barbecue lunch at its new Cedar Creek Lake Office, located at 314 W. Main St. in Gun Barrel City, Texas. The new office serves the residential real estate needs of the Cedar Creek Lake area, an approximately 1-hour drive from Dallas County.

 

New Cedar Creek Lake Office Celebrates Grand Opening

“This new, approximately 3,000-square-foot office greatly enhances our ability to serve the needs of the area’s growing number of home buyers and sellers for many more years to come,” says Ron Burgert, chief financial officer of the Ebby Halliday Companies, which includes three real estate brands, as well as core-service companies Texas Premier TitleHome Team Insurance and Home Team Mortgage Company.

 

New Cedar Creek Lake Office Celebrates Grand Opening

Ebby’s Cedar Creek Lake Office is co-managed by respected industry veterans Malinda Brownlee Howell and Ginger Gill and will ultimately be “home” to approximately 20 Cedar Creek Lake-area residential real estate specialists.

 

New Cedar Creek Lake Office Celebrates Grand Opening

“Our location on Main Street features a highly visible location and the latest in technology,” says Howell. “It offers an ideal setting for Associates and clients to meet to discuss residential real estate needs, whether that’s a primary home, a frequently visited second home or an occasional weekend retreat. The lake lifestyle is unique, and whether you are buying or selling, we have found the perfect setting from which to serve the entire Cedar Creek Lake area.”

 

New Cedar Creek Lake Office Celebrates Grand Opening

“We are assisting clients with one of the most significant transactions of their lifetime,” says Gill. “It is important that we utilize all of the resources we have at our disposal so we can provide the absolute best experience for our valued clients.”

 

New Cedar Creek Lake Office Celebrates Grand Opening

Gill adds that Cedar Creek Lake-area sellers who list with Ebby benefit from expanded exposure for their properties. In addition to being listed in the local MLS (NAVICA), Ebby Cedar Creek listings are also in NTREIS, the North Texas MLS. Simply put, Gill says, Ebby’s listings reach more potential buyers – in particular residents of the Dallas-Fort Worth area, who make up the majority of Cedar Creek Lake buyers.

 

New Cedar Creek Lake Office Celebrates Grand Opening

Ebby’s new Cedar Creek Office is already “home” to a stellar team of experienced Cedar Creek Lake agents, according to Howell. “Buying or selling a lake home can be complicated,” she says. “We are thrilled to have launched our new Cedar Creek Lake Office with experienced local agents dedicated to outstanding service and exceeding clients’ expectations.”

 

New Cedar Creek Lake Office Celebrates Grand Opening

For more information on Ebby’s Cedar Creek Lake Office, call 903-340-8590 or visit cedarcreeklake.ebby.com.

 

New Cedar Creek Lake Office Celebrates Grand Opening

 

New Cedar Creek Lake Office Celebrates Grand Opening

 

New Cedar Creek Lake Office Celebrates Grand Opening

 

 

New Allen Office Celebrates Grand Opening


New Allen Office Celebrates Grand Opening

 

On September 21, Ebby Halliday Realtors hosted a Chamber of Commerce ribbon cutting at its new Allen office, located at 955 State Highway 121, Suite 130, in Allen.

 

New Allen Office Celebrates Grand Opening

 

“Ebby Halliday Realtors has served the residential real estate needs of Collin County since 1971 and has had an Allen office since 2005,” says Chief Financial Officer Ron Burgert, who was instrumental in selecting the site and the building of the new office. “We’re proud to open this new, larger office and expand our capacity to serve Allen and the surrounding area as it continues to experience substantial growth.”

 

New Allen Office Celebrates Grand Opening

 

The new 10,500-square-foot stand-alone building, designed by architect Michael Twichell, whose work includes The Shops at Legacy in Plano and the Angelika Film Center in Dallas, replaces the company’s former Allen office. Near the intersection of State Highway 121 and U.S. Highway 75, Ebby’s new office offers a highly visible location and the latest in technology. The “one-stop residential real estate shop” also offers title, mortgage and insurance services.

 

New Allen Office Celebrates Grand Opening

 

“The location of our new office is phenomenal,” says Diane Hausler, who has served as sales manager of Ebby Halliday Realtors’ Allen Office since 2010. “It is ideally situated near the thriving StarCreek development and offers easy access to the entire 121 Corridor.”

 

New Allen Office Celebrates Grand Opening

 

Hausler says Ebby’s new Allen Office offers area residents and those who may be considering calling Allen and the surrounding area their new home an opportunity to be a part of something special. The office, which serves all of the 121 Corridor, will accommodate approximately 100 agents.

 

New Allen Office Celebrates Grand Opening

 

“Our new office is a gathering place where people can learn about the area, all it has to offer and why we love Allen so much,” Hausler says. “We’re invested in the 121 Corridor and look forward to serving area residents – and those just arriving here – for many years to come.”

 

New Allen Office Celebrates Grand Opening

For more information on Ebby’s Allen Office and its sales associates, as well as homes for sale in the Allen area, call 214-509-0808 or visit allen.ebby.com.

New Allen Office Celebrates Grand Opening

New Allen Office Celebrates Grand Opening

New Allen Office Celebrates Grand Opening

New Allen Office Celebrates Grand Opening

 

New Allen Office Celebrates Grand Opening

 

 

Prosper I Celina Office Celebrates Grand Opening


Prosper I Celina Office Hosts Grand Opening Celebration

 

Ebby Halliday Realtors recently hosted a Chamber of Commerce ribbon cutting at its brand-new Prosper I Celina Office. The approximately 5,000-square-foot office is located at the northeast corner of Highway 289 (Preston Road) and Prosper Trail in fast-growing Prosper. It will be “home” to approximately 50 residential real estate agents serving the greater Prosper/Celina area.

 

Prosper I Celina Office Hosts Grand Opening Celebration

 

“The location of our new office is phenomenal,” says Ebby Halliday Companies Chief Financial Officer Ron Burgert, who was instrumental in selecting the new site and building out the new office. “Strategically situated along State Highway 289 (Preston Road), it offers easy access to the 289 and U.S. 380 corridors, as well as the Dallas North Tollway.”

 

Prosper I Celina Office Hosts Grand Opening Celebration

 

Ebby’s Prosper I Celina Office features collaboration centers where Associates and clients may meet to discuss residential real estate needs, says Cathie Skinner, sales manager of the new office. Cutting-edge technology helps the office’s Associates assist buyers with their home searches and sellers with their understanding of local market trends.

 

Prosper I Celina Office Hosts Grand Opening Celebration

 

Says Skinner, “I love to see others succeed, and I’m excited about this opportunity to use my enthusiasm and sales skills to ‘sell’ Ebby as a company. Agents have choices and they can’t choose a better company than Ebby Halliday Realtors. I really enjoy investing in our Prosper I Celina agents by encouraging them and giving them the tools to be the best they can be.”

 

Prosper I Celina Office Hosts Grand Opening Celebration

 

For more information about Ebby’s new Prosper I Celina Office, call 972-893-3130 or visit prospercelina.ebby.com.

 

Prosper I Celina Office Hosts Grand Opening Celebration

 

Prosper I Celina Office Hosts Grand Opening Celebration

Prosper I Celina Office Hosts Grand Opening Celebration

Prosper I Celina Office Hosts Grand Opening Celebration

Prosper I Celina Office Hosts Grand Opening Celebration