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Expertise
I can answer any question regarding Mortgage loans for Purchase or Refinance. I currently work as a Mortgage Banker in Dallas, TX and have experience as a Mortgage Broker. The favorite part of my job is helping First Time Home Buyers. I also consider myself an expert of Credit and Credit Qualifying for a home loan. Many of my loans are the result of showing clients how to credit qualify for a loan after they were denied in the past. We do FHA, VA & Conventional Financing. I have extensive experience in Investor Loans as well. I will NOT answer questions about 'getting around guidelines', ect. Or if I sense that you are trying to call your 'investment' property a primary residence, I will reject the question. I will ALWAYS err on the side of caution if I sense that the question is fraudulent in nature.
Experience in the area
7 years experience as a Mortgage Broker and as a Mortgage Banker
Organizations
NMLS
Education/Credentials
Mortgage Professionals in Texas are required to take many ethics courses and other industry training to satisfy State mandated continuing education requirements.
Site Owner of DallasLoanGuy.com which has lots of free mortgage info for the First Time Homebuyer and Veteran Homebuyer as well.
What do you like about this subject?
I love helping First Time Home Buyers.
What do you still hope to achieve/learn in this field?
Everything!!
Something interesting about this subject that others may not know:
It is a LOT easier to qualify for a home loan than you think!
Average Ratings
Recent Reviews from Users
K = Knowledgeability C = Clarity of Response P = Politeness| User | Date | K | C | P | Comments |
|---|---|---|---|---|---|
| Pablo | 05/19/12 | 10 | 10 | 10 | Thank you very much!!! I really appreciated ..... |
| Danielle | 04/13/12 | 10 | 10 | 10 | Thanks |
| Michael | 03/23/12 | 10 | 10 | 10 | Thank you Tom, for your prompt and ..... |
| Melissa | 02/23/12 | 10 | 10 | 10 | Very helpful! |
| Alison | 02/13/12 | 8 | 8 | 9 | Thanks! |
Recent Answers from Tom Burris
2012-05-19 Home owner financing sale of his home:
I reluctantly answer: We had some changes to lending laws because people would buy a new house with a straw renter on old house and then mail in the keys on the old house after closing on the new one
2012-02-23 Home closing delay because of unfiled taxes..:
The lender should get the transcripts faster than 6 - 8 weeks. Also.... it is not necessary to have 2011 transcripts since they are not officially due until 4/15 They will be looking at 2009 & 2010 to
2012-02-22 Delayed Closing with USAA:
In my experience, a lot of these creditors will not have the negative account in their system anymore.... especially if it is old. If it is not in their system, they might not EVER update the account
2012-02-08 financing a new home question:
The realtor fees will be paid out of the proceeds of the sale of the current home. They have no bearing on the new purchase. The estimated closing costs on the new home cannot be 'added' to the loan.
2012-01-15 mortgage loans:
You are correct.... The short answer is no. But there is no 'creative' way to 'get around guidelines'. People have been asking this question for yrs.... I still give the short answer. Tom Burris
This topic answers questions related to purchasing a home, owning a home, home ownership, mortgage education, mortgage applications, and mortgage needs whether buying a first home or refinancing a current loan. Issues related to home ownership, home equity, mortgage education, refinacing options, home improvment finacing, first time home loans, home equity loans, vactation home loans, and mortgages for investment homes are dealt with here also. Though not the primary focus of this topic, Home Equity Lines of Credits (HELOCS), reverse mortgages, and calculating home equity may also be asked. If you do not see your home mortgae, home finacing, or home equity question answered in this area then please ask a question here
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