Refinance

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 …

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Take Advantage of Low Interest Rates with VA Streamline Loans

So what is this VA Streamline Loan everyone’s talking about? And have you heard of the VA’s Interest Rate Reduction Refinancing Loan (IRRRL)? Interestingly, they are one in the same! This is a loan that refinances an existing VA Loan into a new VA Loan with a lower interest rate, or for some, from an adjustable rate mortgage (ARM) into a fixed rate mortgage.

On the Rise – Texas VA Home Loans

Have you been affiliated with the military and are you looking to buy a home or refinance in Texas? The VA Home Loan Program is receiving $6 billion in funding this year so this is an excellent time for you to consider a VA home loan. VA home loans are ideal for young families and first time home buyers since the borrower can finance 100% of the home’s value and purchase with $0 down. Is there any other loan program available that can offer these benefits? The answer is no.

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