Goodbye HUD-1, Hello Closing Statement!

So when I don't write about my kids or humorous stories, some of my readers complain!  So here is one for you: my 9 year old thinks he was born in the 70's and has a passion for disco lights and 70's or 80's music. He downloaded MC Hammer's "Can't touch this" on my iPhone, and said, "Hey mom, I have a song for you by MICK Hammer!" His mispronunciation made me smile.

So talking about mispronouncing things, can anyone say "Closing Statement as of August 1^st?" Do you know what that means? As of August 1 there will be NO Hud-1 Statement. The HUD 1 has been around for 40 years!

Come to one of our MCE classes on the subject. EVERY 1^st Thursday of the month until October I will have a 2 hour class on the topic. My goal is that by the Fall, every realtor I know attends one! I want you to be educated and know that our team at Legacy is being proactive and will embrace the change. We are determined to help you close more transactions by being in the know!

In the Markets

Optimism about Fed policy helped mortgage rates improve early in the week last week. Last Monday, Fed Vice Chair Stanley Fischer elaborated on the Fed's plans for monetary policy. To learn more about his report, READ MORE HERE.

                                                 ~ Jen 

Upcoming Monthly Events

Please contact Annette Ernstein to RSVP for any of our events

Email Annette Here!

Direct Phone: 713-579-3606  

           

 

Budget Seminar 

Learn How to Save 20% of Your Gross Income EVERY MONTH!
WHEN: Wednesday,  April 1st 

5:30-7:00pm

MCE Course : August 1st Disclosure Changes!

WHEN: Thursday, April 2nd 

9:00-11:00am

How to Double Your Leads ASAP! 

Presented by Dayton Schrader, The CORE Training
WHEN: Tuesday, April 7th
3:00-5:00pm

Home Insurance Pitfalls EVERY Realtor Needs to Know  
Presented by Drew Rogas/Goosehead Insurance
WHEN: Thursday, April 9th 

9:00-10:30am

 

Good Credit? Bad Credit? The Categories of Your Credit Score!

A big shout out to Jason Hauck on our team! He got married on Friday, and the team headed out early to caravan to Galveston for the wedding! Woo hoo Jason! Congratulations!

So last week we had a CREDIT EXPERT come and talk to our clients and realtors about how to have the best credit score! Here are some highlights!

• 80% of your score is from the last 2 years activity
• FIVE Categories of your score:
• 35% Payment History
• 30% Debt utilization (% used) - below 20% of your limit  is ideal!
• 15% Credit History
• 10% Mix of Credit
• 10%  Inquiries
• And....any mortgage co pulls in 45 days counts as ONE!

IN THE MARKETS:

The Fed meeting this week was positive for mortgage rates (we saw them come back down!). The Fed alluded that they want to see improvement in the labor market and consumer confidence before a rate hike. READ MORE HERE!

~ Jen 

Monthly Events

Please contact Annette Ernstein to RSVP for any of our events

Email Annette Here!

Direct Phone: 713-579-3606  

Margarita Monday,
now at NORTH Italia
on Post Oak
at a NEW TIME!
WHEN: Monday,

March 23rd 

4:30-6:00pm

Budget Seminar 

Learn How to Save 20% of Your Gross Income
EVERY MONTH!
WHEN: Wednesday, 
April 1st 

5:30-7:00pm

MCE Course 

August 1st Disclosure Changes!
WHEN: Thursday,

 April 2nd 

9:00-11:00am

How to Double Your Leads ASAP! 

Presented by
Dayton Schrader,
The CORE Training
WHEN: Tuesday,
April 7th
3:00-5:00pm

Home Insurance Pitfalls EVERY Realtor Needs
to Know  
Presented by Drew Rogas
/Goosehead Insurance  

WHEN: Thursday,

April 9th 

                                                                                      9:00-10:30am