The Benefits of Paying Extra on Your Mortgage

If you’re like most people, a mortgage is the biggest loan you’ll ever take out, and your mortgage payment is your highest monthly expense. So it can be a great idea to take your extra money and apply it toward paying your mortgage down faster–you’ll cut years off your loan term, save tens of thousands of dollars […]

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:

What is TRID, and What Could It Mean for You?

This week, the Consumer Financial Protection Bureau (CFPB) rolled out their new disclosure policy, TRID, and while it is expected to simplify the home mortgage process in the long run, there will most likely be a learning curve, which could result in an initial increase in the number of days it takes to close on […]

Changes Coming to FHA!

Before the conventional mortgage loan market collapsed, approximately 10% of home buyers utilized FHA financing.   Conventional loans were king.  Borrowers who had less than perfect credit and little money down could utilize the FHA programs to purchase a home.  FHA required 3 percent down and the seller could contribute up to 6 percent in seller […]

Texas VA Home Loans vs. Conventional Home Loans

Are you a Texas Veteran and are you considering buying or refinancing in today’s market? Buying or refinancing a home is a decision that takes both careful thought and planning. Most prospective homebuyers put an extraordinary amount of time into selecting just the right home or deciding whether or not to refinance. Have you considered […]

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.

VA Home Loan Refinance Options – Take Your Pick

VA home loans are the best mortgage deal on the market today! If you qualify, or even think you might qualify, it’s important you find out how the Texas VA home loans can benefit you and your family.

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.

Mortgage Rescue Plan

On March 4, 2009, President Barack Obama announced a $75 billion mortgage rescue plan providing affordable mortgage terms for countless American at-risk homeowners.

How the 2009 Stimulus Package May Affect Interest Rates

As a presidential candidate in 2008, Barack Obama announced an immense stimulus package proposal of $175 billion.  After taking office, President Obama is now considering a much larger proposal package that could exceed $500 billion.  There are a few stipulations in this proposal that President Obama has considered in past proposals that could directly affect […]