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Tom Burris


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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


NMLS# 335055



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 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?


Something interesting about this subject that others may not know:

It is a LOT easier to qualify for a home loan than you think!

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    K = Knowledgeability    C = Clarity of Response    P = Politeness
Bill 12/18/1310He responded timely, and made a suggestion .....
Mike09/06/13101010Thank-you for a clear and concise response .....

Recent Answers from Tom Burris

2014-12-16 Short job time & commission based pay:

Technically, you will still qualify with the new job's income.  But since things are a wee bit tighter these days, if you were on the new job 6 months that might help.    I think it really will come down

2014-02-14 2 questions:

No. The non-occupant co-borrower with stellar scores can help the file approve, but we use the lowest mid score of all borrowers to 'price' the loan.    Most real estate contracts are pretty cut and dried

2013-12-28 FHA Home Loan for Buyout:

Called an FHA Cash-Out loan. You can refinance the loan(or zero balance) and up the loan amount to get cash to pay off other 2.    We don't do the FHA Cash-Out here in Texas.... So I don't know all of

2013-12-28 FHA Home Loan for Buyout:

You can refinance them off title.  Are you needing to buy them out?  Need to get cash from the mortgage?      

2013-10-15 gift money:

If the $5000 gift funds are not sourced from an acceptable source.... as a gift and not a loan.... Then that money is simply not allowed.  Ex:  You have 410,000 in the bank, we would put $5000 on the loan


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About Real Estate Home Mortgages
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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