The Pitfalls of Mortgage Refinances

We’ve all heard at some time or the other how great cash out refinances are.   At first glance they seem to offer more than one benefit; they roll all your debt into one thus allowing you to manage what you owe more easily; they generate extra cash that you can use for other much-needed expenses; and […]

Texas Housing Market Update

Nationally communities still reeling as foreclosure rates rise and as mortgage defaults and foreclosures continue to rise, the impact is spreading well beyond those who are losing their homes. Fortunately majority of Texas, especially the Austin & san Antonio markets, seem to not be feeling the sub-prime collapse as much as the rest of the […]

Why You Need a Good Faith Estimate

A good faith estimate is extremely important when shopping lenders for your home loan. A good faith estimate is a piece of paper showing the buyer what can be expected for them to have to pay at closing. It is important to remember that this is only an estimate and does not hold up in […]

What you should know about Home Closing Costs

What you should know about Home Closing Costs In the past year, Americans spent about $110 billion on purchasing homes.  Americans tend to pay astronomical amounts in closing cost.  There are many fees that you are required to pay in the closing of your home loan, and then there are fees thatt are just plain […]

Top 10 Reasons to Use a Mortgage Broker vs. a Bank Lender

Depending on the type of home loan you are seeking, you could save yourself thousands of dollars by shopping various lenders for your home mortgage needs.  Therefore it is imperative that you know the difference between a mortgage broker and a bank lender.  The main differences among the two are that mortgage broker’s act as […]