Good Mortgage

02/25/2022

Click to see all 17 reviews of Patricia Thibeaux,
MLO I NMLS # 1005911

02/25/2022

5.0 star review received on Experience.com for Patricia Thibeaux by Shawn P S. - My experience was way better than the previous attempt to refinance was. Patricia was great to work with. She was able to answer all my questions and made the experience one that I never will forget. At any point in my life I ever have to do this again, I will be calling her 1st.

Click to see all 17 reviews of Patricia Thibeaux,
MLO I NMLS # 1005911

02/01/2022

5.0 star review received on Experience.com for Patricia Thibeaux by Latasha M L. - When I was struggling with how I’m going to pay mortgage; car note and credit cards.. I made one phone call to Goodmortage and they changed my whole life… not only did they refinance but I had an great interest rate and the process was quick… Ive never been so happy like I am today…. Thanks Goodmortgage

Click to see all 14 reviews of Patricia Thibeaux,
MLO I NMLS # 1005911

01/11/2022

5.0 star review received on Experience.com for Patricia Thibeaux by Darlene H. - Was good and fast!

Click to see all 14 reviews of Patricia Thibeaux,
MLO I NMLS # 1005911

08/15/2017

06/21/2017

What your credit score?

Your FICO Score® helps determine your credit worthiness. Find out where your score falls and how lenders may view you as a borrower.

06/17/2016

“A pessimist sees the difficulty in every opportunity; an optimist sees the opportunity in every difficulty.”

― Winston Churchill

06/16/2016

Home Values in Dallas Ft Worth TX

You will be sent a personalized Comparative Market Analysis (CMA) on your home, which includes information from the local MLS.

06/15/2016

The National Association of Realtors has called on the Consumer Financial Protection Bureau to make changes to the TILA-RESPA integrated disclosures' post-consummation timelines to provide more lenders wiggle room for rectifying errors. It also wants the agency to clarify whether lenders can make changes to the Closing Disclosure once it's been sent to a consumer.

"NAR is concerned about increased consumer frustration with the loan process, increased costs to the consumer and a negative impact on access to credit if there is continued lender and investor confusion and inconsistent application of the complex rule," NAR President Tom Salomone wrote in a letter to CFPB Director Richard Cordray made public Tuesday.

The letter follows two listening sessions held between the CFPB and NAR.

In the letter, Salomone cites issues related to the ability to sell a mortgage in the secondary market as the main reason for extending the post-consummation timelines from 30 days to 180 days. Investors won't purchase loans with minor errors, which has forced some lenders to take losses on loans by selling them in the scratch-and-dent market, he said.

"What is the future impact on access to credit if lenders are forced to keep loans on warehouse lines for extended periods of time or sell them at a loss in the scratch-and-dent market?" Salomone said in the letter. "NAR is concerned that the increased cost of manufacturing these loans will ultimately trickle down to the consumer and impact access to credit."

Regarding the Closing Disclosure, Salomone said that the CFPB needs to clarify whether changes can be made after the document has been sent to a prospective borrower, and if so what changes are allowed and when.

A common issue that Salomone brings up is when borrowers request closing delays, which then require a rate lock extension fee be added to the disclosure. But since clarity is lacking as to whether lenders can alter the disclosure after it's been sent to the borrower, some are absorbing this fee.

The letter also asks the CFPB to clarify that Closing Disclosures can be shared with third parties with borrower approval. While such access is preserved by existing regulation, some lenders are worried about their liability under TRID.

"While consumer financial privacy issues fall under Regulation P and did not change with 'Know Before You Owe,' NAR has heard that lenders feel the new rule exposes them to additional liability under the Truth in Lending Act if they provide real estate professionals with copies of the Closing Disclosure," Salomone wrote. "This is an unintended consequence of the rule that needs clarification from the CFPB."

06/12/2016

The Main Motivators Pushing Home Buyer

One in four home buyers say they want to buy a home because their rent is too high, according to a new survey by the brokerage Redfin of 750 home purchasers. The number of home buyers citing high rents as a main motivation to buy is rising – up from one in eight last August.

Still, affordability remains the chief concern on home buyers’ minds. Twenty percent are concerned about the limited number of homes for sale – also on the rise. Sixteen percent are concerned about too much competition from other buyers – a five percentage jump over last quarter, according to Redfin’s survey.

Home buyers are also braced for home prices to rise in the coming months. Fifty-three percent say they anticipate prices will rise soon compared to 48 percent of previous survey respondents from last quarter. But mortgage rates remain important to them. Sixty-seven percent of buyers said mortgage rates were important or very important motivators in their purchase decisions.

If you are interested in Buying call 214-288-2695