"Build Wealth" Companies


        EMAIL ME        2420 Washington Avenue, Houston, TX 77007     Phone: (713) 337-1410     Fax: (832) 504-9467
I am a Financial Mortgage Planner with 16 years of Home Financing Experience providing over 4,200 Home Mortgages to First Time, Move-Up and Luxury Home Buyers. My Vision is to Build a Great Company with INTEGRITY that helps others "Build Wealth" in their LIVES while honoring GOD...

Join US - Doug Luza and Family Wednesday at 7PM
Woodlands Church 17th Annual Christmas EVE Services Dec 22, 23 and 24th.

Hope Is Here

During the Christmas season we find an array of emotions stirring in our hearts. These emotions are at times very exhilarating and at other times overwhelming. We find excitement, joy and anticipation mixed with good and bad memories. In the craziness of the Christmas season with parties and shopping, we understand that these emotions piled onto busyness can create the question -- Is there any hope?

At WoodsEdge we want to remind us all that Hope Is Here. We turn our minds back to the day that Christ came to earth and epitomized that Hope Is Here. Hope Is Here for your financial situation, marriage, relationships -- your entire life.

Christmas Eve Services:
December 23 at 6 p.m.
December 24 at 4 p.m. and 6 p.m.

Childcare provided for birth - 4 years at all services. Special Hearts will offer care for the 4pm service on December 24.

      Coming Events

This is a highlight of the holiday season in which individuals and families celebrate the holidays while raising funds and awareness for a valuable Houston program. More than 5,000 runners, volunteers, sponsors, individuals, children, and families, at all fitness levels (and many sporting holiday costumes), will make their way through the streets of Downtown Houston on December 13, 2009.

Participants of all fitness levels are sure to find their niche in one of the four races that will take place at the Chevron Jingle Bell Run & Walk. The kids fun run, for those 13 and under, the 5-mile adult run, and the 3-mile family walk.

We invite you to come Home for the Holidays for this fun-filled family tradition.

Run for a Reason! Raise $150, receive a FREE individual entry into Jingle Bell Run & Walk. Raise $250, receive a FREE family entry into the Jingle Bell Run & Walk.
Learn more »

Register online or download a registration form> 
Questions? Call 713-758-9295

Chevron Jingle Bell Run and Walk
Sunday, December 13, 2009
Benefiting the Downtown YMCA Partners Campaign

Bringing the Dream of Homeownership Within Reach

As part of its plan to stimulate the U.S. housing market and address the economic challenges facing our nation, Congress has passed new legislation that:

  • Extends the First-Time Home Buyer Tax Credit of up to $8,000 to first-time home buyers until April 30, 2010.
  • Expands the credit to grant up to $6,500 credit to current home owners purchasing a new or existing home between November 7, 2009 and April 30, 2010.

Here is more information about how the Extended Home Buyer Tax Credit can help prospective home buyers become part of the American dream.


New legislation, the Worker, Homeownership and Business Assistance Act of 2009, which was signed into law on Nov. 6, 2009, extends and expands the first-time homebuyer credit allowed by previous Acts. The new law:

  • Extends deadlines for purchasing and closing on a home.
  • Authorizes the credit for long-time homeowners buying a replacement principal residence.
  • Raises the income limitations for homeowners claiming the credit.  

Under the new law, an eligible taxpayer must buy, or enter into a binding contract to buy, a principal residence on or before April 30, 2010 and close on the home by June 30, 2010.

For the first time, long-time homeowners who buy a replacement principal residence may also claim a homebuyer credit of up to $6,500 (up to $3,250 for a married individual filing separately). They must have lived  in the same principal residence for any five-consecutive year period during the eight-year period that ended on the date the replacement home is purchased.

People with higher incomes can now qualify for the credit. The new law raises the income limits for homes purchased after Nov. 6, 2009. The credit phases out for individual taxpayers with modified adjusted gross income (MAGI) between $125,000 and $145,000 or between $225,000 and $245,000 for joint filers. The existing MAGI phase-outs of $75,000 to $95,000 or $150,000 to $170,000 for joint filers still apply to purchases on or before Nov. 6, 2009.


The United States Senate has unanimously approved legislation containing the extension of the homebuyer tax credit. The bill containing these provisions, H.R. 3548, the Unemployment Compensation Extension Act, will soon be on the floor of the House of Representatives for a vote.  We expect that to happen this week so that it can go to the President's desk for approval.

The bill would extend and expand the $8,000 homebuyer tax credit through April 30, 2010. The bill would also revise income limits and would allow a $6,500 "move-up" buyer tax credit for those who have lived in their current principal residence for 5 or more years. In addition, the bill would allow borrowers who have entered into a contract by April 30th to have 60 days (June 30th) to complete the transaction.

Approving this bill is a MAA priority. Please urge your member of the House to support this important legislation by taking actionnow.

Visit the Mortgage Action Alliance(MAA) Web page, click "TAKE ACTION" and log in to the new MAA Action Center. If you need to update your home address, you will be prompted to do so before being taken to the Action Center. If you don't have, or forgotten your username and password, click on "forgot password" to get started.


Yesterday’s FOMC statement expressed some optimism that the economic recovery is gaining strength.  While the Federal Reserve kept the Fed Funds target at between zero and 25 bps, its statement mentions that “economic activity has continued to pick up”, and “household spending appears to be expanding”, while businesses “continue to make progress in bringing inventory stocks into better alignment with sales”.  But, the statement was also filled with concern, citing that household spending remains constrained due to high unemployment, slow income growth, tight credit and lower household wealth.  Given that there is so much slack in the economy, the Fed said inflation should remain in check for some time and the need for exceptionally low rates will continue for “an extended period”.  The Fed reiterated that it will purchase $1.25 trillion of Agency MBS by the end of Q1-2010.  They also said agency debt purchases will total about $175 bln, less than the previously announced $200 bln target and leaving $25 bln in purchases to go.

Fortune Magazine RANKS Houston as the #4 Best Place to LAUNCH a small business despite the occasional hurricane.  Houston now boasts the world's largest medical center and the nation's top-rated cancer hospital. Annual sbusiness start up's rose from 55,523 in 2003 to 83,777 in 2006.  Houston has performed surprisingly well during the current recession adding 500,000 new jobs during the past 5 years.  The Greater Houston Partnership forecasts that Houston will attract an additional 600,000 jobs and $60billion in capital by the end of 2015.
Fortune Magazine November 2009 issue  (Fsb.com) by Megan Erickson
This is EXCITING!... Did you know the $8000 tax credit is close to getting EXTENDED and it will have a $6500 tax credit for MOVE-UP buyers....

Home Buyer Tax Credit:  Final Deal?
Published: Thursday, 29 Oct 2009 11:18 AM ET
By: Diana Olick
CNBC Real Estate Reporter

For those of you keeping score on the first time home buyer tax credit extension, here is the latest:

— The tax credit would be $8,000 for first-time home buyers and $6,500 for move-up buyers (from December 1, 2009 to April 30, 2010).

— Move-up buyers will be eligible, so long as the home they are leaving has been used as their principal residence for 5 years or more. 

— The tax credit would sunset on April 30, 2010. However, there would a binding contract rule that will permit those with contracts as of April 30th to qualify for the credit so long as they complete the transaction within 60 days.

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30 yr fixed 5.19% 5.35%
30 yr fixed jumbo 6.04% 6.17%
15 yr fixed 4.62% 4.88%
15 yr fixed jumbo 5.53% 5.76%
5/1 ARM 4.24% 4.12%
5/1 jumbo ARM 4.66% 4.18%
Find personalized rates:

— The income limits for both first-time home buyers and move-up buyers would be $125,000 for single return and $225,000 joint return.

— Cost of the home may not exceed $800,000 to be eligible.

— For purchases made in 2010, taxpayers would be able to claim the credit on their 2009 income tax return.

— Home buyers would not have to repay the credit, provided the home remains their principal residence for 36 months after the purchase date.

Zip code

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