Victor O. Hughes

01/11/2022

Economists at Realtor.com and Redfin predict that across the country, rents will grow about 7% in 2022, higher than the predicted 3% growth in median home listing prices.

09/15/2021

Lets talk about your next move!!!

Dallas-based Megatel Homes is bringing white sand beaches to Forney with a new $800 million lagoon community development. The Bellagio Lagoon community is...

04/23/2021

Here is an article about the steady climb if housing in the DFW also giving a forecast of whats to come.

New predictions from housing analysts suggest that the Dallas real estate market will see additional price gains through 2021 and into 2022.

04/23/2021

https://www.wfaa.com/article/money/business/do-corporate-headquarters-relocations-affect-home-prices-in-dallas-fort-worth/287-b30ee87a-1cfd-4cd2-bea6-daa3c3d1d417

The Dallas Business Journal asked several local experts. Here's what they said.

02/23/2021

Good afternoon good people!

You've asked and here is an answer!

Debt To Income Ratio is often less thought about by future Home Buyers. So here is an article that explains it more and gives you a thorough understanding of what you may possibly do to decrease yours for your future home buying process:

A debt-to-income, or DTI, ratio is derived by dividing your monthly debt payments by your monthly gross income. The ratio is expressed as a percentage, and lenders use it to determine how well you manage monthly debts -- and if you can afford to repay a loan.

02/22/2021

Good morning good people!
Here is some news you can use:

When buying a home remember your Credit Score is your "Financial Report Card" to lenders 620(This score would be a C in a Financial Report Card) is what will qualify you for a home and interest rate BUT you always want to try to go above and beyond and have MORE than the recommended 620(you score will go down once the initial Mortgage Inquiry is inquired) higher the credit score the lower the Interest Rate

Your job is always a factor because it shows STABILITY in income and is taken into consideration as you're willing and able to pay your Mortgage Loan

Along with your job income of you and your significant other the most important factor in determining a home loan that actually qualifies you for what you need ex $200,000 or $300,000 is your Debt To Income ratio. What this means is you must keep in account of your bills and spending, do not get into any debt while in the Home Buying process. Decrease your bills and unnecessary spending as much as possible.

These are key steps in the Home Buying process.

If you need credit help, I work with professionals that will help get you to that 620 point and beyond!

Please feel free to contact me!
Any information or questions you may have Let's Talk Real Estate.
Email: [email protected]
Cell: 254-424-5442

Have a good day good people!

01/29/2021

Good morning good people!



The qualifying credit score for a home is a 620. This will give you a good chance and opportunity at the low interest rates(Interest Rates are at an ALL TIME LOW). The higher the credit the better the interest rate.

The next thing to consider when buying a home is your DTI(Debt To Income)ratio. This is the most important and key step in determining what you qualify for as a house payment. This is the main figure that lenders look at to determine your monthly mortgage payment. Lower your DTI the better the chances are for more money you will get qualified for(if your finances meet the criteria of what you're wanting)

12/19/2020

Late night visions of your dream home?

Can't sleep because your future home is on your mind?

12/01/2020

The 2 most common things that I've found that will stop the transition of an individual from Renting to Home Buying is:
1. Down Payment

2. Low Credit Score

There are many ways to get you to transition from Renting to Home Buying and not let these 2 things hinder you from doing so. I work with professionals that will help Raise Your Credit Score and help with Down Payment Assistance.

comment MORE INFO below⬇️⬇️⬇️

11/28/2020

11/26/2020

Things may not look the same as last year Thanksgiving but we are still thankful!

Happy Thanksgiving my good people!
-Victor O. Hughes

11/16/2020

Good day my good people!

Did you know that during this tough time with the economy it has a tremendous effect with the housing market?

The effect is actually a GOOD one. Interest rates are at an ALL TIME low for mortgages.

Let me get you prequalified and approved for these low rates(credit score and other things are considered in this process)

Lets take advantage of this opportunity! Dont wait!
You still have time to make 2020 a great year that you can get into your Dream Home!