Melissa's DFW Real Estate

07/01/2022

Check out my newest listing! This home is IMMACULATE and the storage and spacious rooms are never ending. 2876 sq ft. Message me for more info. It's in Savannah with easy access to 380, DNT, etc. MLS #20094299

08/15/2021

Message me if you know someone who'd love this darling new listing in The Colony! 940-367-1638

04/05/2020

Many people have been messaging me about getting forbearance on their mortgage. Should you do it? Maybe, but be aware of the details of it all. If you don’t think this is a real option for you and you have some equity in your house, we might look to sell it now before the market gets flooded with properties for sale. If you are able, just do EVERYTHING you can to continue to pay your mortgage. We will rebound from this.

Let’s do some ‘Mortgage Forbearance Math

Mom and Dad have a mortgage.

It's currently $1,500 per month.

Dad gets laid off, calls the servicer, and asks for forbearance.

In one phone call, he gets 6 months "off" from paying.

Seven months later, Dad is finally back to work, and hasn't been able to save any money during the forbearance.

Forbearance is lifted and servicer says,

"That will be $9,000 + $1,500, which is now due". ($10,500)

Dad almost passes out and says, “WHY??"

Servicer: "That's the 6 months of forbearance plus the current month.”

Dad: "I can’t do that, can we work something out?"

Servicer: "Sure, we will spread out the $9,000 over 12 months."

Dad: "Phew....ok, good. What will that look like?"

Servicer: That will be $2250 a month for the next 12 months."

Dad: " OMG!!! I can't afford that."

Servicer: "Sorry....."

Dad: "Can I refinance?"

Servicer: "No because the loan went into forebearance."

Dad: "What can I do?"

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In a nutshell, this is forbearance, folks. Forbearance is not forgiveness. We need to keep putting this message out there, because we are still getting a lot of questions. Please understand the seriousness of this, and if you still have questions, you know we are always here for you.

Use this as a last resort.

01/18/2020

01/16/2020

Are you looking to build your dream home on the lake? Check out my newest lake lot listing in Lakewood Village! This is a one of a kind lot ready to be your new home with tons of gorgeous trees on 1.5 acres.

House photos, info graphics, and listing agent details for 820 Carrie Lane, Lakewood Village, TX 75068. This home is priced at $399,000, with beds, baths, and sqft.

10/13/2019

10/06/2019

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