Ike Chigbo - Tx Realtor

01/31/2025

https://www.zillow.com/homedetails/611-Yarrow-Cir-Dallas-TX-75217/80240203_zpid/

This is my newest listing, please feel free to share or message me if you know anyone looking to buy or sell. Thank you!

This 1416 square feet Single Family home has 3 bedrooms and 2 bathrooms. It is located at 611 Yarrow Cir, Dallas, TX.

11/13/2024

As interest rate continues to go down, potential buyers are still not able to make a decision wether to buy or not. So, in an effort to encourage buyers, builders are offering very good promotional interest rates as well other incentives. My advice is that this may be your best opportunity to bargain. What are you waiting for?
Take advantage of the fact that people are still undecided and go for the deals. Reach out for more details.

09/14/2024

The housing market is about to get better as mortgage interest rate is taking a downward trend. This means affordable home ownership to ordinary Americans. But the big questing we need to be asking especially to those with the intention of purchasing a home is whether they are ready to take advantage of the market?

Let’s discuss what it means to be ready to take advantage of the emerging market. Set up a free consultation today. Reach out to us at 214-205-5474 or [email protected]

06/24/2022

Right Now Meritage has a promotion going on for their quick move-in homes. If you sign a contract by June 30th and close before December 31st, 2022, you get a rate lock and money towards closing costs! If you sign a representation agreement with me, are approved for a home loan, and purchase one of these quick move-in homes, I will rebate you the remaining amount of your closing costs, so you only worry about your down payment! Your closing costs will be paid, saving you money in your pocket!! Also, if you know someone that is looking to buy, and they name you as a referral, I will pay you a referral fee. So move quickly, not that many days in June left!

03/19/2022

Hi guys!

Let say it again that it is important to maintain a good credit if you are looking to get into the housing market. Credit is everything regardless of wether you have reasonable income set aside. Your income to dept ratio will make or break you in this market.

In case you don’t know, the maximum DTI for an FHA loan is 43% or less although this can vary based on credit score. The maximum DTI for a conventional loan is 45%. Certain exceptions can be made as high as 50% with certain factors like a high credit score or a large cash reserve.

What is Debt to Income ratio?
Your debt to income ratio is all of your monthly debt payments divided by your gross monthly income. This number is one way that lenders measure your ability to manage the monthly payments to repay the money you plan on borrowing to purchase your home.
Here is an example: Mortgage payment is $1500.00 a month, $100.00 auto loan, and $400.00 for other debt payments equals $2,000. Your gross monthly income is $6,000, that means your DTI is 33%. $2,000 is 33% of $6,000.

We will discuss a different topic next time. If you are ready to buy or sell, let’s set up a phone consultation.

10/19/2021

Hello friends, it has been a while since I posted any updates since I don’t want to bore you with daily posts. Interest rates remain at historic lows with signs pointing towards a possible reduction in rates. As the economy struggles to gain balance after the impact of COVID-19, there are increasing concerns that the rebuild may take longer than anticipated. This could push rates down further. With that in mind, it is a good time to buy especially now that there are good programs out there committed to making your dream of homeownership a reality. BCL of Texas is one of such programs. It is one of the best programs for first time homebuyers and or low income families.

According to Sam Sharp, Executive Vice President of Guaranteed Rate,

The 30-year fixed mortgage rate has averaged just under 3% for the last three months with the 15-year fixed mortgage averaging around 2.3%.

Another encouraging factor is The Reduced Estimated Payments on Student Loan. Recent updates to the Federal Housing Association guidelines have reduced the required payment liability down to .05% of the student loan balance. This cuts the requirement in half from the previous 1% requirement and will open up home purchase opportunity to a large number of clients who have been previously restricted by their student loan debt.

Finally, “Fannie Mae Refinow program”, is a refinance relief option created by Fannie Mae to help clients who may have been unable to take advantage of the previous drop in interest rates.

Contact us for more details on available programs designed to make your dream of homeownership a reality. Thanks!

05/16/2021

Do Not Lose Your Focus.

For those who are in the market looking to purchase a home, do not lose your focus because of the current market conditions. My advice is that you should stay focused. It may look like you have been priced out of the market but remember that the basic qualification criteria remains the same. Keep improving your credit, continue to put some money aside, do not take on any unnecessary debt. Continue to make wise economic decisions. The worst thing that can happen is for you not to be ready when the market conditions improve. It is not a good thing to just give up and decide that home ownership is not for you and then start making reckless decisions that will hurt your eligibility to purchase a home. Do not let the current market situation stop your home ownership dream.
Feel free to leave your comments, thoughts and questions. We will be happy to give our honest opinion. We are also here to assist you in making your home ownership dream come true.

04/23/2021

Are you ready to Upgrade or Downsize your current home? List with me, and let's get you the best offer possible. The D/FW area is selling like hotcakes! Let's sell your current home and get you into something new. Message me for more details.

https://www.har.com/s/8efEf49d6