The Eddie Fooshang Mortgage Team

The Eddie Fooshang Mortgage Team

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Eddie Fooshang is a Residential Mortgage Loan Originator, NMLS# 1396136 Phone: (512) 562-2441 Housto Home Loans - Mortgage

01/21/2025

The Eddie Fooshang Mortgage Team is now open for business in 35 states with Southwest Funding, LP. Let’s connect with your family and friends in those states in green.

List of States
AL, AR, AZ, FL, GA, IA, ID, IL, IN, KS, KY, LA, MI, MN, MO, MS, MT, ND, NE, NH, NM, OH, OK, OR, PA, SC, SD, TN, TX, WA, WI, WV, WY, CO, NC

12/24/2024

Another dream came true! Who’s next?

12/15/2024

Another happy first time homeowners! Who’s next?

12/15/2024

Another happy client! Who’s next?

09/19/2024

05/23/2024

Another dream came true! Who’s next?
Application.teamfooshang.com

Photos from The Eddie Fooshang Mortgage Team's post 04/03/2024

Another happy homeowner! We pride ourselves on delivering a great buying experience for our clients. Give the Fooshang team a try, and you will witness the difference.

Teamfooshang.com
512-549-4450

Eddie Fooshang 03/22/2024

🔍 Tired of seeing your hard-earned cash vanish into thin air every month? Discover the key to turning your rent payments into investments!"

🌟 Imagine the relief of saving money and building a brighter financial future by tackling the rent trap head-on!"

🚫 Caught in the cycle of renting? Facing rising costs, financial strain, and missed opportunities for wealth building?"

💡 The solution? Transition to homeownership! Unlock stability, equity growth, and financial freedom."

🛠️ Take the leap by setting a budget, exploring home-buying options, and considering shared housing for savings. Transform your rent into assets today!"

Schedule your call today

Eddie Fooshang Thank you for requesting a call. Talk to you soon

03/19/2024

Share my card with those who are thinking about homeownership this year!

Application.teamfooshang.com

03/17/2024

The first step to homeownership begins with the loan application. Click on this link and get pre-approved today. Application.teamfooshang.com

02/23/2024

As tax season unfolds, let's explore how homeownership can pave the way to financial freedom. As your mortgage expert, I’ll unveil potential tax benefits and help you harness your refund to unlock the doors to homeownership.

Owning a home isn't just about making memories—it's a strategic step toward securing your financial future. Here's why:

🏡 Mortgage Interest Deduction: Homeownership allows you to potentially deduct mortgage interest from your taxable income, resulting in tangible savings, especially during peak interest payment years.

💰 Property Tax Deduction: Imagine deducting property taxes from your taxable income—a savvy move to reduce tax liability and bolster overall savings.

📈 Capital Gains Exclusion: Selling your home might yield substantial savings if you qualify to exclude a portion of capital gains from taxation, particularly if your home's value has appreciated over time.

💸 Fun Fact: Homeowners can often deduct home improvement expenses, like energy-efficient upgrades, from their taxes—promoting eco-conscious living while enjoying valuable deductions.

But here's the kicker: If you're currently renting, your tax refund can serve as a down payment on a new home. By redirecting your refund, you can lay the foundation for your dream home.

Whether you're a first-time buyer or looking to refinance your existing mortgage, I'm your trusted ally in navigating homeownership. Reach out today, and let's turn your tax refund into the keys to your new home!

02/14/2024

February 13, 2024

The January inflation numbers came in a little higher this morning.



Stocks were crushed. Yields spiked. And the dollar rallied.



How bad were the numbers? Core inflation (excluding food and energy) was less than a tenth of a percent above expectations. The 12-month change was 3.88%. That's the lowest level of this inflation cycle, and it was the tenth consecutive lower year-over-year core inflation reading. Doesn't sound so bad.



What about the headline number? It was also a tenth of a percent above expectations on the monthly reading. The 12-month change fell from 3.35% to 3.09%. It didn't crack 3%, but it was the lowest reading of the past seven months.



Clearly this wasn't the positive surprise we thought we might get today, but did it warrant a 4% selloff in small cap stocks, and a 14 basis point rise in the 10-year yield?



Let's take a look at the two other times in the past three years that shared the features of 1) a down greater than 4% Russell 2000 and 2) at least a 14 basis point spike in the 10 year yield.



It happened on February 25, 2021.



What was going on?



It was about inflation. The 10-year yield had risen from 1% to 1.6% in less than a month. And the move was quickening. And this quickening was driven by the market's judgement that the additional $2 trillion fiscal package coming down the pike from the new President and his aligned Congress was inflationary at best, and recklessly extravagant, at worst.



The $2.2 trillion Cares Act and the additional $900 billion in stimulus passed in December, before Trump's exit, had already driven a nearly full V-shaped economic recovery (by late January '21). And the economy was projected by the CBO (Congressional Budget Office) to grow at a 3.7% annualized rate in 2021 (hotter than pre-pandemic growth), with an unemployment rate falling to 5.3% - about right at the average unemployment rate of the past 50 years.



The prospects of more, massive spending packages looked like an inflation bomb.



This feature of a big 4%+ down day in small caps and spike in yields also happened on June 13 of 2022.



What was going on?



It was a Monday meltdown, following a hot Friday inflation report.



The Fed had just started tightening and was way behind the curve.



Inflation was near 9%, the Fed Funds rate was below 1%. With a Fed meeting just days away, the market ratcheted up expectations for an aggressive 75 basis point hike. And history suggested they needed to take rates a lot higher in order to stop fueling inflation, and start curbing it.



So, in both cases (Feb of 2021 and June of 2022) stocks fell sharply and yields spiked on significant inflation fears.



It's fair to say the circumstances are quite different today. The Fed trajectory of inflation continues to go the right direction (lower). The Fed is clearly looking in the direction of cutting rates, not raising rates.



With that in mind, was the selloff in stocks (and bonds) today an overreaction? It looks that way.

Photos from The Eddie Fooshang Mortgage Team's post 02/06/2024

Where focus goes, energy flows.

01/30/2024

✈️ The housing market is ready for takeoff

Construction and demand are expected to jump this year, according to the National Association of Home Builders.

NAHB CEO Jim Tobin told Yahoo Finance he is “very optimistic” for 2024, and is expecting great growth in the next five or six years.

Recent data supports his optimism:

• Purchase mortgage applications were up 22% YoY
• Housing permits were up 6.1% from the previous year
• Housing starts were up 7.6% from the previous year
• Foot traffic in model homes has risen
• Mortgage rates are falling

Signs point to a potentially strong spring homebuying season. Are you prepared?

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3033 Chimney Rock, Suite 230
Houston, TX
77056

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