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Brush Mortgage Team of SETX

Are You Ready To Get Approved?

MEET OUR TEAM!!

Meredith Brush is a native Southeast Texan, grew up in Beaumont, graduated West Brook Sr. High and Lamar Institute of Technology with an Associates degree in Real Estate. I started my career in real estate in 1998 in commercial land development in Dallas for several years before moving back to MY HOME of SETX. You'll find when you work with me that I am open, honest and straightforward to all clients. I have the experience in closing mortgage loans that is crucial in today's market. I would not be able to offer my clients such personal and excellent service without total daily support from my team.

Contact Meredith 409.860.3100 office 24/7 Efax 713.456.3383 or Email mbrush@brushmortgage.com

Stefanie Helms is from Port Acres, TX and is an experienced, thorough Loan Processor for The Brush Mortgage Team. She graduated from Stephen F. Austin High School and holds a Bachelors in Business Administration from Lamar University. Stefanie has worked with me as my loan processor since 2003. We have both gained invaluable experience through many years of mortgage industry changes and hundreds of successful loan closings. We have gained a keen eye for how to prepare our loan files to get approved and to closing expeditiously.

Contact Stefanie 409.767.8049 office 24/7 Efax 281.402.1991 or Email shelms@helmsprocessing.com

Beth Boren is from Nederland, TX and is a Loan Coordinator for The Brush Mortgage Team. She graduated from Nederland High School and received her mortgage lending certification from Kaplan University, Houston, TX. Beth is also a graduate of Dearborn Financial where she received her license in Property & Casualty Adjusting. Beth works diligently with her clients to make sure they are completely satisfied with the loan process from application to close.

Contact Beth 409.727.0095 office 24/7 Efax 877.478.1643 or Email bboren@brushmortgage.com

The Brush Mortgage Team is partnered with HOUSTON HOME LOAN, INC.

We strive to offer the best fixed rates and terms on an array of FHA, Conventional, USDA and VA loans.

For delivery of marketing materials, business cards or a personal office consultation for yourself, your buyers/sellers or your entire team, please contact

our any of our team members and we'll get you taken care of!

Call us today and we'll discuss which mortgage loan is right for YOU!

LOAN PROGRAMS

Hottest loans on today's market...
FHA LOANS Purchase to 96.5%, MIP+PMI
FHA Refinance to 97.75%
USDA Financing to 100%, MIP+PMI
VA loans to 100%, MIP but no PMI
Conventional Loans to 97%, 680+ req. PMI >80%
Texas Home Equity to 80%, no PMI

*What is MIP and PMI? See Mortgage Terms Section

ALL FIXED RATE loans
40, 30, 20, 15 or 10 Year Fixed Terms All Available!
NO PRE-PAY PENALTIES!

Escrows of taxes and insurance required for mostloans >80% LTV

To get your credit in order & a FREE credit analysis, call me today!

Click Here To Apply!

GATHER THE FOLLOWING INFORMATION
1. Driver's License and Social Security Card
2. Last 2 years Tax Returns, all pages and ALL W2/1099
3. Last 2 months bank statements, all pages, all accounts
3. Last 30 days paystubs
5. Most current Asset Statements, ie: 401k, CDs
6. DBA or Business license for self-employed

Loan decision takes anywhere from 2 hours to 72 hours, closings as quick as you need it closed.  If you have any questions, call/email.
I work Mon-Fri, 9am til I'm done and weekends too if needed.

Meredith (409) 860-3100 or email mbrush@brushmortgage.com
Beth (409) 727-0095 or email bboren@brushmortgage.com

I always tell my clients...
"this may be your 1st time buying a home...but I've closed hundreds!"
I'm a PRO who knows the market well and will guide you through the entire process
from application to close.

  OUR EXPERIENCE IN MORTGAGE LENDING IS
PRICELE$$

Buying a home can be stressful and intimidating
That's why you are considering us to help you get closed!
You have obviously heard that an experienced and reputable broker can help you every step of the way and have been referred to the Brush Mortgage Team to take care of your financing from application to close. We can help you on a By Owner sale or gladly refer you to one of the many of the local experienced
realtors we work closely with each day.

DID YOU KNOW?
The biggest misconception of first time home buyers is that THEY pay for a buyers agent to show them homes BUT it's the seller footing the bill to get their home sold. So call your favorite agent or ask me for a realtor referral during your pre-qualification and start looking today!
Trust your instincts and let's get started!!

We start with a simple, over the phone, no commitment pre-qualification. You will be able to speak to me directly so we can better determine how much you qualify for. It's a step by step process and before you know it,
we'll be calling you ready to set your closing!



Beaumont, TX
Updated Monday, May 21, 2012 2:15 AM

Partly Cloudy 72°F High: 90°F
Low: 68°F
Wind: 3 mph
Humidity: 88%

Tuesday
89° / 68°
Wednesday
89° / 72°
Thursday
88° / 73°
Friday
89° / 73°

MSN Weather Data provided by iMap

The Brush Mortgage Team is Partnered with
HOUSTON HOME LOAN, INC.
Principal office: 14107 Smith Rd 175 Humble, TX 77396
Phone (713) 463-5181 NMLS 206277


Follow me on Facebook @
Meredith Brush Broker

This page was last modified on Friday, April 27, 2012 6:18:31 AM

INTERESTING LINKS









	FOR COMPLAINTS OR INFO

	TREC TEXAS REAL ESTATE COMMISSION



	National Mortgage Licensing System - Consumer Info
	Lamar Institute of Technology - Beaumont, TX

Need an Agent? Call Alex!

MORTGAGE TERMS

Full Doc- Wage earners that can prove their income by providing paystubs, taxes and W-2's and bank statements. Almost 100% of the market TODAY require full doc meaning W2 AND self-employed are required to present full tax returns, ALL W2s and 1099s and paystubs, if applicable. No exceptions! TIP: Watch your deductions. Lenders deduct it off your Adjusted Gross Income BUT you can add back in depreciation. Simple rule, if you deduct, they deduct!!

80/20 Combo loan - 80% 1st lien and 20% 2nd lien loans, closed with same lender at the same time, helps to lower overall 100% payment, waives escrow and PMI requirements. Not many lenders are working with 80/20 loans anymore. If they do work with 1st and 2nd liens it would be max 80/15/5, meaning 80% 1st lien, 15% 2nd lien and 5% down payment required. TIP: Mortgage Insurance companies are no longer issuing MI on refinance loans with 1st and 2nd lien rolling together into new loan, so if >80% LTV, you will have to go FHA on your refi, no choice!

Stated Income - State your household income and verify employment or self-employment, no other documentation required. However there are 2 types of STATED loans, what we call SIVA (Stated Income Verified Assets) and SISA (Stated Income Stated Assets). These type loans are no longer offered on the market as of 10/2008.

Escrows - Taxes and Insurance you pay to the lender each month who holds the funds in a non-interest bearing account so when your taxes and insurance become due each year, the lender takes the money you have accumulated and pays those out each year. Don't simply RELY on the lender to handle your business, always double check and verify those items have been taken care of on time each year to protect yourself and your home.

Escrows are required on all conventional loans >80% LTV and ALWAYS on FHA loan no matter what LTV.

There is also another term for ESCROW - "the closing itself is considered "GOING TO ESCROW" which is where the title company will handle your closing transaction and fund the loan"

PMI - Private Mortgage Insurance, charged per month on Conventional loans over 80% and ALWAYS on FHA no matter what LTV.

MIP - Mortgage Insurance Protection Policy charged by the entity guranteeing the loan. If MIP is charged, it usually rolls into your loan amount. FHA charges 2.25%, USDA 3.35%, VA 2.15%. Conventional does not charge any MIP fee.

PITI - Principal, Interest, Taxes and Insurance

DTI - Debt to Income Ratio (percentage of your debt, compared to your monthly income)

LTV - Loan to Value (percentage of the homes value to what you owe, or with purchases the amount you finance compared to the sales price (ie: 100%, 95%)

NEED MORE INFORMATION ON TERMS CLICK HERE!!