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 […]

How the Federal Reserve Affects Your Mortgage

This week, the Federal Reserve raised interest rates for the third time in 2018. This quarter-percentage rate increase brought the federal funds rate into the target range of 2 – 2.25 percent. The committee sets monetary policy, primarily by raising or lowering the Fed’s target for the federal funds rate, which is used as the […]

What’s the Difference Between Pre-Qualification and Pre-Approval?

Unfortunately, without proper preparation, many buyers get lulled into the mistaken notion that if a lender pre-qualifies them for a mortgage, it means that they have been pre-approved for the home loan. There’s a world of difference between these two terms. If you’ve ever been confused by the two, this will explain how they differ, […]

The Difference Between APR and Mortgage Interest Rate

Considering taking on a mortgage can be confusing and overwhelming. There’s an endless amount of information and advice and weeding through it can be a monumental task. When you get a mortgage, you are charged two different rates—the annual percentage rate and the interest rate. Understanding the difference between the two rates is important and […]

Top Ten Reasons to Use a Mortgage Broker

Working with a direct lender like a bank may seem like the thing to do—but an independent third party can offer impartial advice. A mortgage broker has access to a much wider array of products; a mortgage broker’s services can help you make sound financial decisions. Still not convinced? Take a look at these 10 […]

How to Calculate a Mortgage

If you’re shopping for a new home in Texas, you can calculate the home price you can pay and the mortgage schedule you will need based on the payment, down payment, taxes, and insurance you can afford. This calculation will provide an estimate of your house price range based on the monthly payment you can […]

Introduction to Mortgage Types

If you’re a first-time homebuyer, the lending process can seem quite complicated. You may find yourself overwhelmed with new terminology, paperwork, state and federal regulations, and required documentation. A good place to begin your journey is with an understanding of the three basic kinds of mortgage loans.

Do Low Rates Mean You Should Refinance Your Mortgage?

Mortgage rates are still at historic lows, and they are defying all predictions and expectations, by continuing to lower. Does that mean a refinance is the right thing for you right now? Low rates are just one factor that should go into your decision to refinance your mortgage. Here are a couple of other things to consider:

A Second Chance at Low Mortgage Rates in 2016

When the Federal Reserve raised interest rates a month ago, many people expected mortgage rates to be affected as well, and homebuyers may have felt they’d missed out on the historical lows mortgage rates had fallen to by that point.

What Is Going to Happen to the Housing Market in 2016?

As the end of 2015 looms near, there are a couple things you can be sure to find on the internet, and I’m not talking about cyber deals for holiday shopping. I’m talking about lists. The end of the year brings with it countdowns that look back at virtually everything that occurred over the past […]