Do I have to put 20% down on a new home purchase?

Purchasing a home is not an impulse buy. The upfront cash required can take years to save when you consider appraisals and inspections and closing costs and down payment. However, homeowners can sign the papers and own a home with significantly less cash out the door, thanks to low-down-payment loans on the market. You have […]

Why Home Inspections Are Necessary

You may have decided the master suite was exactly what you wanted, but do the windows leak? When you choose to purchase a home in Texas, you’re also potentially buying any problems lurking in the walls, the foundation, the crawl space, or the attic. The home inspection is the best way to negotiate repairs or […]

Are you financially ready to buy a house?

A home is likely the single largest investment you will make in your lifetime. It has enormous potential to build up your wealth over time. But did you know that even in a relatively unpredictable market, you can purchase a home? If you adjust your thinking and your vision, you can almost always buy something […]

Home Buying and Millennials

Totaling more than 80 million individuals, millennials represent the largest generation in the U.S. By 2025, they will claim three-quarters of all jobs. Also considered the best educated, 35% of 25 to 29-year-olds hold a degree, while at the same time carry some of the highest debt levels due to student loans and credit card […]

How to Save Thousands on Your Mortgage

Do you hate the thought of paying hundreds of thousands of dollars in interest on a mortgage loan? When you make a mortgage payment, a portion of that money goes toward the principal amount of your loan, and the other part goes toward interest. During the early years of your mortgage, your payments will primarily […]

Hidden Costs of Home Ownership

To determine what they can afford, buyers too often focus on mortgage payment or a home’s list price alone. Non-mortgage related costs associated with homeownership can affect the monthly bottom line, if you’re not prepared. Let’s take a look at some of the hidden costs of home ownership. Property taxes If you’re only plugging in […]

Why find the best mortgage rates in Austin?

For the past decade, the capital city of Texas has been gaining in popularity as a great place to live and work. Austin has received accolades from organizations across the country ranging from “Live Music Capital of the World” to “Number 1 place in the US to start a business” to US News and World […]

Reasons to Use the best Mortgage Brokers in Texas

When considering buying a home, most people require a mortgage to do so. Doing business with banks and lenders directly or hiring a mortgage broker. Finding a mortgage broker is a bit more difficult than it used to be but are still part of the mortgage marketplace. In this article, we’ll cover the reasons you […]

How Mortgage Companies in Texas Calculate Your Mortgage Payment

Traditionally, you can typically afford a home in Texas priced two to three times your gross income. This means that if your household income is $100,000, you can typically afford a home between $200,000 and $300,000. However, this calculation isn’t the best method. Why? Because it doesn’t consider monthly expenses and debts. Those costs can […]

Texas Home Mortgage Loans

You can find quite a few types of home loans in Texas. Understanding what’s available can help you review your options to get an idea of what options might work best for you and your family. Of course, Lone Star Financing is happy to help you find the right home loan! In the meantime, why not review your home loan options?