Honesty on Your Mortgage Application: Your Future Depends On It
While it may seem harmless to alter your information on your mortgage application, you don’t want to over inflate your income or fail to reveal where the down payment funds originated. Everyone wants to get the best loan they can afford at the best rates. But if you lie on that mortgage application you risk […]
In Case Disaster Strikes
Hurricanes, floods, earthquakes, tornadoes, and wildfires have affected numerous locations across the country. Learn the types of disasters that are likely in your community and the local emergency, and shelter phone numbers, websites, and plans for each specific disaster. So what should you do if your home and community is hit by a natural disaster? […]
You Really Can Be A Homeowner
Buying a home is a major life milestone, and with it comes a lot of financial scrutiny and planning. The initial part of the process of getting your mortgage is paying close attention to your finances. It is crucial you don’t do anything that will cause your mortgage to be denied. You need to have […]
Today’s Low Interest Rates
In the sixth straight week of decline, the 30-year fixed-rate mortgage averaged 3.82% for the week of May 30. This is down from 3.99%. It was the lowest level since September 2017. Borrowers are receiving exceptional rates compared to last year at this time, when 30-year mortgages were averaging 4.54%. The monthly payment on a […]
Refinance Your Mortgage to Pay Down Debt
Debt is a significant issue for many American households, including credit card debt as well as mortgages, auto loans, student loans, and medical expenses. It might seem as though there’s no relief from high-interest balances, but you can take steps to lower your burden. For homeowners an option is to consolidate debt and lower monthly […]
Mortgage Applications on the Rise
Mortgage applications to purchase a home rose recently and were 7% higher than a year ago. Purchase applications reached their highest level since April 2010. While total mortgage application volume decreased 3.5% during the same time, according to the Mortgage Bankers Association’s seasonally adjusted index, overall volume was 14% higher than a year ago. Purchase […]
What to Ask Your Lender before You Commit
Which mortgage is the right one for me? When you want to know what your options are for each type of loan discussed, the mortgage lender should tell you the pros and the cons in light of your particular situation. In this article, we’ll look at what to ask your lender before you commit. Questions […]
Homebuying Preparedness
Do you dream of one day owning your own home? You need to be prepared. If you buy before you’re able, you can find you owe more on your property than what it’s worth. But when is the best time to buy a house? It is important to buy a home for the right reasons, […]
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 […]
How Long is the Mortgage Process in Texas?
Unfortunately, the honest answer is that it depends on a number of things. The most important is how long it takes you to find a property in Texas you want to call home. It could take months or possibly years if you include the search as part of the process. You want to be thorough, […]
