Ennkar Mortgage of Texas

11/24/2021

Rates are still low and we are ready to help you reduce your monthly mortgage payment. Check out our refinance options. It’s so easy to do.

01/30/2018

An FHA home mortgage loan is a loan insured against default by the Federal Housing Administration. The program came about during The Great Depression as a way to encourage home-ownership during hard financial times. The FHA loan program is still around today and borrowers of all types can still take advantage of all that FHA has to offer. Because the FHA insures that loan, lenders are more willing to work with borrowers who may not qualify for conventional loans. [ 202 more words ]

An FHA home mortgage loan is a loan insured against default by the Federal Housing Administration. The program came about during The Great Depression as a way to encourage home-ownership during har…

01/30/2018

Thanks for joining me! Good company in a journey makes the way seem shorter. — Izaak Walton

Thanks for joining me! Good company in a journey makes the way seem shorter. — Izaak Walton

01/30/2018

Ennkar Mortgage Banking made easy!

Mortgage Done Right

01/30/2018

Ennkar is pleased to announce we have USDA financing. This program is for low to moderate income families and allows 100% financing with no down payment. We are underwriting these loans at Ennkar speeds.

What is a USDA Loan?
USDA stands for United States Department of Agriculture. In the past, USDA Loans were considered “farm loans”, mostly used to purchase properties in agricultural areas. That is not the case with today’s USDA Loans. In fact, properties in almost every area of the country outside major metropolitan areas can be purchased with a zero-down USDA Loan today.

USDA Guaranteed Rural Housing Loans
USDA Guaranteed Loans are the most common type of USDA loan and allow 100% financing for home purchases. USDA Guaranteed Loan applicants may have an income of up to 115% of the median household income for the area. Area income limits for this program can be viewed here. All USDA Guaranteed Loans carry 30 year terms and are set at a fixed rate.

Contact us to see if you are eligible for a USDA loan today!

01/30/2018

Contact one of Ennkar’s experienced mortgage professionals to see if an FHA home mortgage loan is right for you or apply online to be pre-approved.

01/29/2018

Ask our team of seasoned mortgage professionals about our wide-range of products & services to help you find what you’re looking for!

01/29/2018

V.A. Streamline or IRRRL loan program:
An IRRRL, also known as a VA Streamline, is essentially a quick refinance with relatively fewer requirements than a VA Cash-Out refinance. It can allow veterans and military families to refinance existing VA loans to a lower rate or convert from adjustable to fixed-rate financing without a lot of paperwork or hassles.

Unlike most loan products, there is no appraisal requirement, the usual documentation is unnecessary and a new Certificate of Eligibility (COE) is not required. Guidelines and requirements can vary by lender.

This loan program will help you to save money by reducing your current interest rate to the daily standard rate.

Ennkar values your service to this country and will go the extra mile to help you put money back into your pocket. Contact us and we will give you the service you deserve.

01/29/2018

Reverse mortgage or HECM:
A reverse mortgage (HECM) is a home loan for seniors age 62 or older.
Instead of making monthly mortgage payments like a traditional home loan, Reverse Mortgage are paid back in one lump sum when the borrower either moves, sells the home, or passes away. Income, assets, monthly living expenses and credit history may be verified.

Ennkar's Frequently Asked Questions about Reverse Mortgages
1.Does the bank own my home?
2,Can I get a Reverse Mortgage even if I currently have a mortgage?
3.Will a Reverse Mortgage cause me to pass debt on to my heirs?
4.Is a Reverse Mortgage risky?
5.Must a senior be in good health to qualify?
6.Is a Reverse Mortgage expensive?

Don't let the details of a loan product scare you! A reverse mortgage (HECM) doesn't mean you will lose your home. If you are in a HECM and want to refinance back to another loan program, we can assist you, or If you want to know more about this great product please contact us.

01/29/2018

The government’s Home Affordable Refinance Program (HARP) has expanded to allow more homeowners to refinance.

Here is some first step qualification questions:

1.Currently owe more on your mortgage than your home’s current market value.

2.Have a Fannie Mae insured loan Have wanted to refinance but were told you didn’t qualify.

3.Have private mortgage insurance.

This government program offers a low-cost refinance for homeowners in areas where prices have fallen and who meet credit history requirements. This program:

1.Allows refinances of up to 95% loan-to-value.

2.Includes borrowers who currently have Private Mortgage insurance.

3.Gives you the opportunity to lock into the security of a fixed-rate mortgage.

4.Helps borrowers who have a good repayment history, but who have not been eligible for refinance due to falling home values.

If you are not sure if this program will work for you, please contact us and we will gladly assist you in getting the best program for your needs.

01/29/2018

Ennkar proudly offers VA Loans to American Veterans. We respect the service that you have given to this great country and want to serve you.

Some basics about VA Loans:

No down payment
No prepayment penalty
Closing costs can be paid by the seller
Loans are assumable by qualified borrowers
Veteran may reuse entitlements
No private mortgage insurance to pay each month
Qualified active duty service members, veterans,
national guard and reserve members

For more information and to see if you qualify, click here: http://www.benefits.va.gov/benefits

If you have V.A. benefits, we can help you to get qualified fast and easy.

Veterans Benefits Administration provides financial and other forms of assistance to veterans and their dependents. This page provides links to benefit information and services.

01/29/2018

Conventional Loan Programs:
Whether a first-time home buyer, a growing family or an established homeowner looking for and investment or vacation property, Ennkar offers a wide range of financing options to meet your needs. Our experienced and knowledgeable loan officers will review your personal financial position and help you decide the best every step of the way.

Our suite of Conventional Loan Programs includes:

Fixed rate – pick any term with 10-30 year options
‘ARM’ or Adjustable Rate mortgages
Purchase programs with as little as 3% down
Second Home and Investment Purchase Loans
Aggressive rates and FAST answers

Let us help you to determine the best loan program for you!