3 Things to Negotiate when Buying a House, Experts say
The housing market continues to be affected by elevated mortgage rates into 2024. In 2020 and 2021, when rates averaged 3.20% and 3.06%, homeowners opted to stay put and maintain their historically low interest rates. Many homebuyers are looking for ways to save money on their home purchase due to the housing shortage and high […]
Buying Down Mortgage Rates
Buying Down Rates En Vogue As Higher Rates Persist Should I Buy Down My Interest Rate? Assuming the Federal Reserve cuts mortgage rates as investors expect, the housing market appears to be heading for a recovery this year. Borrowers may choose to buy down their interest rate when interest rates are high in order to […]
2024 Texas FHA Loan Limits
There is a limit to how much a homeowner can borrow with an FHA loan, a type of mortgage guaranteed by the Federal Housing Administration. FHA Loan limits in Texas are based on a percentage of the median home price in each county if you want to buy a home with a FHA Loan. Government […]
2024 Texas Mortgage Rates Forecast
Lower Mortgage Rates Expected in Texas Amidst Promising Signals from the Fed. There appears to be an end in sight to rising mortgage rates, at least for the time being. Despite signs of receding inflation pressures and encouraging signals from the Federal Reserve, mortgage rates have dropped markedly in recent weeks after reaching a scorching […]
Reverse Mortgage vs. Cash-out Refinance: Your Complete Guide
Are you confused about choosing the right mortgage? Here is everything you need to know about reverse mortgages & cash-out refinance.
Everything You Need to Know About Refinancing Your Mortgage
Your house is a financial asset. If you’re a homeowner, you could be hearing about refinancing from everyone from your neighbors to television anchors. You may utilize your house to leverage your investment by refinancing. Many people choose to refinance for a variety of reasons, including taking cash out of their property, decreasing their monthly […]
30-Year Mortgages: Everything You Need to Know
Speak with the best mortgage lenders in Texas to learn how a 30-year mortgage works. Contact Savant Lonestar today!
How to Refinance a Reverse Mortgage: The Ultimate Guide
The process of refinancing a reverse mortgage is similar to that of traditional refinance. There are standard eligibility criteria set by mortgage lenders and certain steps to be followed. In most cases, it helps stabilize the financial situation. However, it has consequences as well. So, understanding the basics of refinancing your Texas reverse mortgage loan […]
The Underwriting Process: Everything You Need to Know
Do you know that 65% of homeowners in the US have a Mortgage? Are you planning to take out a home loan in Texas? Many mortgage lenders can help you get approved for a loan. However, one thing sets a lender apart from the rest- underwriting approval. Before applying for a mortgage, you need to […]
How Much Money Will You Need to Purchase a Home in 2022?
Are you wondering how much money you’ll need to come up with in order to buy your dream home? Well, we’ve come up with the ultimate guide for you! Trying to figure out how much money you’ll need to purchase a house has always been difficult for first-time buyers. But in 2022, it’s become even […]
