LONE STAR FINANCING

MORTGAGE BLOG

Insights, News and Company Updates

In-House Underwriting: Top Criteria & Benefits You Must Know

Are you in the last stages of your home loan application? Now that you’ve gone through the tedious process of rate locking, appraisals, and inspections, you may be wondering what comes next, which brings us to the underwriting process. It may sound frightening at first, but it becomes much less

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Manual Underwriting Vs. Automated Underwriting: The Complete Guide

The mortgage underwriting process helps mortgage lenders determine if your financial status is solid enough to repay the home loan you’re applying for. Because anyone’s financial condition can change, the underwriting process considers whether the property you want to buy is worth enough to repay the loan if the lender

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Fixed & Adjustable Mortgage Rates: Everything You Need to Know

When you’re considering taking out a mortgage loan, you must first determine which loan is best for you. Getting a clear understanding of different mortgage companies, types of mortgages, primarily Fixed Rate Mortgage or Adjustable Rate Mortgage, will help you plan and proceed accordingly. In addition, our experienced mortgage lenders

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How to Find the Best Mortgage Lender

Introduction Planning to purchase your first home but are struggling to find a mortgage lender? We have you covered! Buying a new home usually requires homeowners to take out a mortgage loan. Getting a great deal on your mortgage can be very beneficial to you and your family. You may

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Texas Mortgage Refinancing See Uptick

The Federal Housing Finance Agency eliminated something called the “Adverse Market Refinance Fee,” a huge incentive for  homeowners looking to refinance their mortgage. The refinancing fee was rolled out in December as a way to pay for some of the COVID mortgage relief.  How it worked was, the agency calculated the fee

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Will you need an appraisal?

Last November, the Federal Deposit Insurance Corp., the Office of the Comptroller of the Currency, and the Board of Governors of the Federal Reserve released a proposal that would increase the appraisal requirement for home sales from $250,000 to $400,000, meaning that certain home purchases of $400,000 and less would

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What questions will a mortgage lender ask?

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

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Getting a great mortgage rate

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

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