MORTGAGE BLOG
Buy vs. Rent: Is Your Monthly Payment Building Wealth or Just Buying Time?
Let’s keep it real – If you’re renting for $2,000 a month, that’s $24,000 a year going straight into your landlord’s next vacation… or kitchen remodel (you know, the one you’re not allowed to touch). And unless they’re sending you thank-you notes and holiday gifts, that money is doing nothing
Buy Smarter: Why Refinancing First Could Be Your Best Move in Today’s Market
Do I Have to Sell Before I Buy? Not Always—Here’s a Smarter Strategy One of the most common questions I hear from clients is: “Don’t I have to sell my current home before I can buy my next one?” The short answer? Not necessarily. In fact, with the right strategy,
Do You Really Need a Realtor? Here’s Why the Answer is YES
With so many online tools available, it’s easy to think, “I can buy or sell a home on my own.” Websites like Zillow, Redfin, and DIY home-selling platforms make it seem simple—find a home, make an offer, sign some paperwork, and move in. But in reality, real estate is far
Why Now Is the Perfect Time to Buy a Home
Buying a home is one of the biggest financial decisions you’ll ever make, and timing plays a crucial role in securing the best deal. While some may hesitate, waiting for the “perfect” conditions, the truth is—now is a great time to buy a home. Interest rates, while fluctuating, remain historically
The Fed Is Cutting Rates Soon. When Should I Buy?
The Federal Reserve is expected to lower interest rates at its meeting on September 17–18. Many homebuyers believe incorrectly that they can get a lower rate by waiting until a cut becomes official. The Fed is expected to cut interest rates in September. What does your research say about whether
Mortgage Rates Plunge to Lowest Level in Over a Year
Mortgage rates fell to their lowest level in over a year, a welcome development for the housing market.The average rate on the 30-year fixed-rate mortgage dropped to 6.47% from 6.73% last week, Freddie Mac reported on Thursday. A year ago, the average rate on a 30-year fixed-rate loan was 6.96%.Separately, the average
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
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
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
