Discounted Home Loans Available to Veterans Displaced by Memorial Day Flooding
Central Texas often faces extended periods of drought; however, when it does rain, it floods. Just a couple months ago, over the 2015 Memorial Day weekend, central Texas faced some of the worst flooding in Texas history, which resulted in the deaths of over a dozen people and caused thousands to flee their homes (texasmonthly.com). […]
Pay Yourself: Buying a Home Is Now Cheaper than Renting
When you purchase a home, you stop paying your landlord and start paying yourself – everyone’s heard that. Maybe you’ve had this old adage knocking around in your head for a while now, you’ve been saving for a down payment, and you’re considering making the leap into home ownership. In that case, you may be interested to […]
Tips for Texas Homebuyers: Getting the Lowest Mortgage Rate
Buying a home is one of the biggest purchases most people will ever make, so it’s no wonder people take their time to make sure they’re getting a great deal. Prospective Texas homebuyers spend hours poring over MLS sites and home listings comparing pricing, square footage, number of bedrooms, school districts and so on, to […]
FHA to Cut Insurance Premiums
From Reuters “The Federal Housing Administration will reduce annual mortgage insurance premiums by 0.5 percentage point to 0.85 percent from 1.35 percent, the White House said on Wednesday.
Low rates make 15 year mortgages attractive
Historically low mortgage rates are allowing homeowners to pay down their mortgages at a faster rate — even if it means a substantial jump in their monthly payments. Texas home owners are doing the math and realizing that rates have fallen enough so the increase in payment between a new 15-year mortgage and their current […]
Mortgage rates at lowest in 50 years
National average for a 30-year fixed loan dips to 4.58%. Mortgage rates have sunk to the lowest level in more than five decades- Mortgage company Freddie Mac said Thursday the average rate for 30-year fixed loans sank to 4.58 percent this week. That’s down from the previous record of 4.69 percent set last week and […]
Changes Coming to FHA!
Before the conventional mortgage loan market collapsed, approximately 10% of home buyers utilized FHA financing. Conventional loans were king. Borrowers who had less than perfect credit and little money down could utilize the FHA programs to purchase a home. FHA required 3 percent down and the seller could contribute up to 6 percent in seller […]
FREE Good Faith Estimate Review
Already working with a mortgage broker or lender? Send us your competing Good Faith Estimate and our mortgage consultants will help educate you so that you are armed with the information needed to make an informed decision and insure the best rates and closing costs for your next home loan. In today’s mortgage industry it […]
Texas FHA Lending Boom
Is the boom in FHA Lending a cause for concern? Nearly 20% of all new mortgages now insured by government agency. The Texas mortgage shakedown of the subprime mortgage industry and its fallout on conventional lenders has led to such a boom in business at the Federal Housing Administration that the agency is now insuring nearly […]
The Pitfalls of Mortgage Refinances
We’ve all heard at some time or the other how great cash out refinances are. At first glance they seem to offer more than one benefit; they roll all your debt into one thus allowing you to manage what you owe more easily; they generate extra cash that you can use for other much-needed expenses; and […]
