Mortgage Protection Insurance

Mortgage Payment Protection Insurance (MPPI) or Mortgage Protection Insurance (MPI) can be described as life insurance equal to the amount of your mortgage. Neither of these should be confused with Private Mortgage Insurance (PMI). They are totally different things. PMI is charged to you each month along with your mortgage payment to protect your lender […]

How to Become a Homeowner in Texas

If you’ve ever wanted to buy a house in the Lone Star State, you’ll need to go through a lot of steps. In this article, we provide an overview of how to become a homeowner in Texas. Budget You need to know exactly how much home you can afford before you begin your home search. […]

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 […]

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?

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 […]

How to Survive Buying a House¶

Preparation¶ You’ll probably start entertaining the idea of looking for a home years before you’re totally financially prepared. It can be daunting, but it will give you a better idea of what you want, like a master suite, basement, or garage apartment. Using our online mortgage calculators, you’ll also be able to get a rough […]

Qualifying as a First-Time Home Buyer in Texas

Did you know that the definition of a first-time buyer isn’t restricted to people purchasing their first property ever? According to the Department of Housing and Urban Development, it also includes the following: A person who has not owned a residence for at least 3 years. A single parent who previously co-owned a home while […]

Home is Bought – Now What?

What’s better, renting or buying? There’s no universally correct answer to this question, but one option may be a much better choice for you. For some, homeownership was a no-brainer. Here are the top reasons to think about when buying a home, and how to determine whether or not you may be ready to buy […]

How FHA Loans Work

FHA loans are a great option for first time home buyers — if this is your first home purchase, a Texas FHA home loan is probably your best option with its low down payment and easier credit standards. Your down payment can be as low as 3.5% of the purchase price and closing costs and […]

Ins and Outs of a VA Loan

What are VA Loans? A VA Loan is a segment of the GI Bill was that signed into law by President Franklin D. Roosevelt to provide veterans with a federally guaranteed home loan with no down payment. It’s one of the ways we thank our veterans for their service. The VA guarantees a maximum of […]