The Fed Is Cutting Rates Soon. When Should I Buy?
The Federal Reserve is expected to lower interest rates at its meeting on September 17–18. Many homebuyers believe incorrectly that they can get a lower rate by waiting until a cut becomes official. The Fed is expected to cut interest rates in September. What does your research say about whether borrowers should wait to take […]
Buying Down Mortgage Rates
Buying Down Rates En Vogue As Higher Rates Persist Should I Buy Down My Interest Rate? Assuming the Federal Reserve cuts mortgage rates as investors expect, the housing market appears to be heading for a recovery this year. Borrowers may choose to buy down their interest rate when interest rates are high in order to […]
How to Refinance a Reverse Mortgage: The Ultimate Guide
The process of refinancing a reverse mortgage is similar to that of traditional refinance. There are standard eligibility criteria set by mortgage lenders and certain steps to be followed. In most cases, it helps stabilize the financial situation. However, it has consequences as well. So, understanding the basics of refinancing your Texas reverse mortgage loan […]
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 […]
Best Mortgage Companies in Texas
Whether you’re a first-time home buyer or are a seasoned veteran, you’ve got so many choices when it comes to purchasing a house. Finding the best mortgage company to structure a loan for your individual lending needs can be a challenge. Should you work with a mortgage lender? A mortgage broker? Or should you use […]
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 […]
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 […]
How Long Does it Take to Get a Mortgage in Texas?
Time spent on the loan process depends on a number of things. First, it depends on how long it takes you to find a property in Texas you want to call home. If you consider that search as part of the process, you should expect it to take months or possibly years. When it comes […]
What’s the Best Way for a Veteran to Get a Home Loan?
Veterans serve our country and help keep us free. It’s not an easy job, but those who are called to service can qualify for a variety of benefits, including home loans through the US Department of Veterans Affairs (VA). Knowing how VA loans work is the first step toward buying a home in Texas, but […]
