Do you need a fast Pre-Qual?

In today’s competitive market we understand the urgency of your pre-qualification. We acknowledge that in Today’s housing market it is very HOT and new listings go under contract just before you can make an offer. Before you begin your home search have a solid team to help you out. Meaning, you should have a Realtor who is very knowledgeable, a Broker with experience, and a Loan Officer who doesn’t take more than one day to give you a pre-qualification letter, working for you.

If your Loan Officer takes more than one day to provide you with a Pre-Qualification letter, than you could lose out on the opportunity to make an offer on a new listing.

 Have you been Pre- approved for a home? If you have started your pre-qualification process, it is imperative that you get a fast and accurate response within 24 hours after submitting all your loan requirements to the loan officer. Your prequalification is very important, this will determine how much you can afford! Your loan Officer should be able to talk to you about Loan options, rates, monthly payments and other pertaining information regarding your purchase.

This Pre-Approval letter will let your Realtor know that you are a Pre-Approved buyer. Keep in mind, without a Pre-Approval Realtors will not want to show a listing or will take you seriously.

Now, if you are needing a fast, 24 hour Pre-Qualification letter, then come test the waters with NuHome Group. We provide fast responses and give you a through presentation of home buying. Don’t hesitate to call us or get more information.

What Items do I need to get Pre-Qualified?

-Last 2 pay stubs (a month’s worth)

-Last 2 recent months of bank statements

-Last 2 Years of Tax Returns along with the W2’s or 1099’s

-Copy of Id and Social

Ready to get your letter? Call us before you send your documents. We can be reached at the Headquarters’ office of NuHome Group 713-373-0345 or emailed at info@nuhomegroup.com

All consultations are free and we will be more than pleased to answer any questions you may have. What are you waiting for? The time is ticking, let us earn your business!

Frank Marta

Broker/Loan Officer

NMLS: 835196/245813

Now is the time to give!

Wow! Look how the year of 2014 just came and left! Now we are at the end of this beautiful blessed year and are right around the corner of our best holidays.

Come on now… Everyone loves: Veteran’s day, Thanksgiving, the Black Friday deals, Christmas and the fabulous celebration of the New Years! Aren’t we so blessed to enjoy these festivities with family, friends and food? Yes we are! Don’t neglect it.

Aside from our fortune, there are those who are less fortunate. That don’t have money, family, nor food, for not only in these holidays, but in their everyday lives. Is there anything we can do? Of course!

We at NuHome Group are gladly to announce our join with the Houston Food Bank! We will have our doors open for those who want to donate canned goods to the less fortunate. Let’s come together as a family and help put on smiles on people’s faces.  

Not only are we going to donate loads of canned goods but we are also going to give back to those who give! NuHome is going to be sponsoring a raffle for FREE GIFT CARDS! Yeah, that’s right, FREE!!! There will be 7 lucky winners that’s will win gifts cards of their choice. 5 will win a $10.00 gift card and 2 will win a $25.00 gift card.

Rules:

10+ Canned Food will enter you in the raffle for the $10.00 Gift Cards

20+ Canned Food will enter you in the raffle for the $25.00 Gift Cards

NOTICE:  You may only enter in one of the raffles. You can choice either the $10.00 gift card raffle or the $25.00 raffle. If you want your name to go in the raffle bin more than once then you can bring double! Example: If you want to enter the $10.00 raffle and you bring 30 canned goods then that will enter your name in the raffle 3x. If you to enter the $25.00 gift card and you bring 40 canned goods then that will enter your name in the raffle 2x.

Location, Dates & Time:

Address: 1445 North Loop West Suite #105 Houston, TX 77008

                                (Near the Lowes and next to the Chase)

Dates: November 10^th- November 19^th

Hours- 8:30AM-6PM (Walk-in’s are welcomed)

So what are you waiting for? Tell your friends, co-workers, bosses, family, and neighbors to come out and give! Who doesn’t like FREE PRIZES??

Don’t forget to follow us on twitter to get more info @FrankMarta6 and Instagram @NuHomeGroupLLC . We’d love to hear from you!

For more information about this even please call us at 713-373-0345 or email us at info@nuhomegroup.

How to Avoid Delays in your Closing on a Home Loan, The Series Series Three: Income

How to Avoid Delays in your Closing on a Home Loan, The Series

Series Three: Income

In the previous two series, we mentioned how Credit and Assets could cause a delay in the closing of your Home Loan.  If you haven’t read those two blogs I would highly recommend you do so, for they are very educational. In this series, we will be covering, income and how it could affect your loan. Please keep in mind that every scenario is different and I highly recommend that you speak to a professional Loan Officer about your specific scenario.

Top 8 things that could delay your loan process:

1. Not filing your Tax Returns.

2. Not having 2 years of Tax Returns.

3. Not providing all pages to your Tax Returns. (Both Years)

4. Not having the w2’s/1099s for each Tax Return.

5. Having too many write offs in which lowers your income.

6. When you transition from 1099’s to w2’s.

7. Having 2106 expenses that do not favor you.

Q. & A.

Q1. What if I transition from ITIN Tax Returns to a social security number?

A1.Your Tax Returns would have to be amended for the past two years. This would take time and delay your loan process from 8-16 weeks depending on how fast you could get your taxes amended and if they become verifiable with the IRS.

Q2. What happens if I owe the IRS?

A2. You would either have pay in full or establish a payment plan with the IRS. You must be able to prove that you have paid the IRS in full or that you have arranged a payment plan. Depending on how you pay, this particular situation could slow down you loan process anywhere from 2-4 weeks.

Q3. What if I filed my Tax Returns late?

A3. If you filed your Tax Returns late, your transcripts are not verifiable yet. This could delay your loan anywhere from 4-6 weeks.

What Is NOT Allowed:

1. Not having a two year work history is unacceptable to the lenders. A gap of employment is acceptable for up to 6 months only when there is a good excuse. Please keep in mind that if you have not had two years of employment but you have been a full time student for those years that is acceptable. All we would need is your transcripts and proof that you are currently employed in the field in which you graduated on. Please be aware that you may have more than one employer for the past two years but your employment must be in the same line of work.

2. The rule of thumb is, if you go from W2 to 1099. You must have two years of Tax Returns as a 1099, if you just transition, you must wait until you have two years filing Tax Returns.

3.  If you are self-employed, receive commission and bonuses as an income, we can only account for that income if you have been receiving this additional income for more than 24 months.

If you would like to be informed about more reasons on how to overcome any delays please email us or contact us by phone. You should always call to consult with a professional loan officer for your personal scenario.

Frank Marta

CEO/President

NMLS: 835196|245813

Office: (713) 373-0345

Email: info@nuhomegroup.com