Home Buying and Millennials
Totaling more than 80 million individuals, millennials represent the largest generation in the U.S. By 2025, they will claim three-quarters of all jobs. Also considered the best educated, 35% of 25 to 29-year-olds hold a degree, while at the same time carry some of the highest debt levels due to student loans and credit card […]
How to Save Thousands on Your Mortgage
Do you hate the thought of paying hundreds of thousands of dollars in interest on a mortgage loan? When you make a mortgage payment, a portion of that money goes toward the principal amount of your loan, and the other part goes toward interest. During the early years of your mortgage, your payments will primarily […]
Hidden Costs of Home Ownership
To determine what they can afford, buyers too often focus on mortgage payment or a home’s list price alone. Non-mortgage related costs associated with homeownership can affect the monthly bottom line, if you’re not prepared. Let’s take a look at some of the hidden costs of home ownership. Property taxes If you’re only plugging in […]
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 […]
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 […]
How Mortgage Companies in Texas Calculate Your Mortgage Payment
Traditionally, you can typically afford a home in Texas priced two to three times your gross income. This means that if your household income is $100,000, you can typically afford a home between $200,000 and $300,000. However, this calculation isn’t the best method. Why? Because it doesn’t consider monthly expenses and debts. Those costs can […]
Texas Home Mortgage Loans
You can find quite a few types of home loans in Texas. Understanding what’s available can help you review your options to get an idea of what options might work best for you and your family. Of course, Lone Star Financing is happy to help you find the right home loan! In the meantime, why not review your home loan options?
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 […]
Home Buying Mistakes to Avoid
Becoming a homeowner in Texas is one of the most exciting and potentially stressful things you can do. There’s a lot to learn and a lot to do, which can leave quite a bit of room for mistakes. The home buying process is an emotional experience that is personal for each buyer. Just remember that […]
What You Need to Apply for a Home Loan
Whether you’re a first-time home buyer in Texas, or are an empty nester ready to downsize, you’ll need to complete a lot of steps before you consider talking with a lender. There are many things you’ll need to do to get ready to buy a home. It can be overwhelming. It might sometimes feel like […]
