Lone Star Financing – Blogs
Millions of mortgage applications are completed and sent to lenders each year. Part of the steps required include the lender gathering information about you—and sometimes those questions can seem invasive. Most of the questions are required as part of your approval. Let’s take a look at the things a mortgage lender will ask. Credit Lenders
The mortgage industry examines a number of factors to determine not only if you qualify for a mortgage, but also what interest rate you’ll pay. An excellent rate on a mortgage is about a lot more than comparison shopping. It’s also about much more than just your credit score. Mortgage rates can differ by several
A property appraisal is different from a property inspection. The home appraiser’s job is to determine the current value of a house or other property. The appraiser, of all the people you encounter during a home purchase, is the one you’ll probably interact with least. Looking for issues in the home that the buyer should
For many Americans, purchasing a home was a measure of financial success for decades. After the subprime mortgage crisis, people realized buying isn’t always smart but now it seems like we’re taking it to the other extreme. You need to understand the reasons for both to make the proper decision. Normal buying pros: You eliminate
Setting aside funds for a down payment for a home loan isn’t easy. Buyers obtaining a traditional loan need at least 20 percent as a down payment; otherwise, private mortgage insurance (PMI) will be required. That can add a significant amount to pay on top your mortgage payment. Today, the median home listing price in
If you’re in the process of buying a home, you likely experienced a home inspection. Home inspections occur to protect both buyer and seller. Buyers want to know they are making a sound investment and a thorough home inspection can provide assurance. For sellers, an inspection verifies the condition of the home at the time
We Serve All of Texas!
No matter what part of Texas you live in, Lone Star Financing has the resources to serve you. Specializing in New Home Loans; FHA and VA mortgages; and Mortgage Refinance. Find your city below and discover how we’ve helped your neighbors finance their homes!