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 […]
Introduction to Mortgage Types
If you’re a first-time homebuyer, the lending process can seem quite complicated. You may find yourself overwhelmed with new terminology, paperwork, state and federal regulations, and required documentation. A good place to begin your journey is with an understanding of the three basic kinds of mortgage loans.
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:
A Second Chance at Low Mortgage Rates in 2016
When the Federal Reserve raised interest rates a month ago, many people expected mortgage rates to be affected as well, and homebuyers may have felt they’d missed out on the historical lows mortgage rates had fallen to by that point.
What Is Going to Happen to the Housing Market in 2016?
As the end of 2015 looms near, there are a couple things you can be sure to find on the internet, and I’m not talking about cyber deals for holiday shopping. I’m talking about lists. The end of the year brings with it countdowns that look back at virtually everything that occurred over the past […]
Discounted Home Loans Available to Veterans Displaced by Memorial Day Flooding
Central Texas often faces extended periods of drought; however, when it does rain, it floods. Just a couple months ago, over the 2015 Memorial Day weekend, central Texas faced some of the worst flooding in Texas history, which resulted in the deaths of over a dozen people and caused thousands to flee their homes (texasmonthly.com). […]
Pay Yourself: Buying a Home Is Now Cheaper than Renting
When you purchase a home, you stop paying your landlord and start paying yourself – everyone’s heard that. Maybe you’ve had this old adage knocking around in your head for a while now, you’ve been saving for a down payment, and you’re considering making the leap into home ownership. In that case, you may be interested to […]
Tips for Texas Homebuyers: Getting the Lowest Mortgage Rate
Buying a home is one of the biggest purchases most people will ever make, so it’s no wonder people take their time to make sure they’re getting a great deal. Prospective Texas homebuyers spend hours poring over MLS sites and home listings comparing pricing, square footage, number of bedrooms, school districts and so on, to […]
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.
