281-741-8766
marcwly@gmail.com
Apply Now
Secure Doc Upload
Obsidian Financial Services, Inc. Logo

Blog

Blog Image: Bank statement mortgages for self-employed

Bank statement mortgages for self-employed

No tax returns? No problem Business owners and contractors, likely won’t have the tax forms needed for a traditional mortgage. But if you have non-traditional income, you might be able to get a “bank statement mortgage.” That means you simply prove your income by showing one or two years of regular bank deposits. Fortunately, a bank statement loan program may be an ideal solution. What is a bank statement mortgage program? A bank statement mortgage allows you to verify your income on a mortgage application using documented bank deposits in place of tax for...

September 14th, 2020 Bank statement mortgages for self-employed

Blog Image:  Texas rolls out emergency rental assistance program

Texas rolls out emergency rental assistance program

As the $600 COVID-19 unemployment bonus comes to an end this month, many people will be left not knowing how they will pay their bills. In anticipation of that, the City of Austin, Texas, on Tuesday announced the rollout of a $17.75 million rental assistance program for residents affected by COVID-19. It marks the second such program the Texas capital has rolled out since the COVID-19 pandemic began. On June 11, Travis County Judge Sam Biscoe ordered that property owners in the county were prohibited from evicting or issuing notices to vacate until July 25. Meanwhi...

August 1st, 2020 Texas rolls out emergency rental assistance program

Blog Image: Mortgage rates  fall below 3% again

Mortgage rates fall below 3% again

The average cost of a 30-year fixed-rate mortgage fell to 2.99 percent this week, mortgage giant Freddie Mac said. That was down from 3.01 percent last week and up a fraction from the recent all-time low of 2.98 percent. With the U.S. economy in recession because of the coronavirus pandemic, mortgage rates have plunged to record lows. In a separate survey of rates by Bankrate, the average 30-year fixed-rate mortgage fell to an all-time low of 3.30 percent. The gap is because Bankrate’s figure includes points and origination fees averaging 0.33 percent, while Freddie Mac’s numb...

July 30th, 2020 Mortgage rates fall below 3% again

Blog Image: A few fun facts regarding Cash Out Refinance

A few fun facts regarding Cash Out Refinance

A cash-out refinance replaces your current home loan with a new mortgage for more than your outstanding loan balance. You withdraw the difference between the two mortgages in cash and put the money toward home remodeling, consolidating high-interest debt or other financial goals. Put simply, if you’ve paid down your current mortgage balance and/or home prices have increased since purchase, you may have equity in your home that you can access via cashout refinancing to use for other expenses, such as funding home improvements, paying for college tuition, or paying off credit cards. ...

November 15th, 2019 A few fun facts regarding Cash Out Refinance