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The Cost of Waiting

This spreadsheet breaks down the cost of waiting for the perfect interest rate, with 20% down on a $350,000 property. Essentially, when all the variables are added up, waiting one year will cost you $25,321, while waiting two years will cost you $52,111. So what are...

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You Could Be Eligible for a VA or FHA Loan

Conventional loans make for the bulk of the loan origination pipeline, yet two stalwarts that are not considered conventional still provide a stellar product for those who qualify—VA and FHA mortgages. In Austin and surrounding areas, the FHA loan limit is $389,850,...

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Mortgage Terms You Should Know

I know it seems like sometimes we mortgage specialists are speaking in a different language! I'm here to tell ya, I feel your pain (I wasn't born a mortgage specialist). Here's a list of frequently used terms that will hopefully narrow your learning curve when you're...

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Should You Use a Cosigner?

Getting someone to agree to cosign on a mortgage with you means someone else has agreed to pay your mortgage for you should you no longer be able to do so. Yet while cosigning can help in some instances it’s not as pervasive a practice as it used to be. Lending...

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Should You Buy a House Now or Wait?

Have you been on the fence about buying a home? Are you still running the numbers in your head to discover exactly when the right time will be? Here are a few things to consider if you’re just not ready to start shopping. Interest rates are holding steady, but all...

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Your Home Loan Application Was Declined – Now What?

If your mortgage loan was declined, it's not the end of the world. It’s just a temporary setback. There are many reasons why the lender says no to a buyer, but the most common reason is the Debt-to-Income Ratio is too high. If you owe too much of your monthly income...

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You Don’t Have to be a Millionaire to Invest In Real Estate

You may think investing in real estate is something only millionaires can afford, but think again. Anyone can be a real estate investor—you just got to know the right steps to take. Real estate is one of the most common ways consumers build wealth over time, and with...

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Must-Dos Before Applying for a Mortgage

How to Get Prepared for a Mortgage Application The first thing need to do is come up with a plan of action. You can’t just jump into this without thinking it through first. Obviously, you need to pre-prepare for the process and that’s what this article will be about....

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The Perfect Time for Jumbo Loans?

Higher-end clients will fit into the “jumbo” category when obtaining a home loan. I’m not really sure where the name originally came from, but it is so-called because the amounts borrowed are higher than the prevailing conforming loan limit. In greater Austin, the...

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TERA GILBERT - SENIOR MORTGAGE CONSULTANT

NMLS# 543330

1801 S. MoPac Expressway, Suite 212, Austin, TX 78746   |   P: 512-828-6420   |   F: 512-956-4751
Disclaimer: © 2018 All Rights Reserved. This communication does not constitute a commitment to lend or the guarantee of a specified interest rate.  All loan programs and availability of cash proceeds are subject to credit, underwriting and property approval. Programs, rates, terms and conditions are subject to change without notice. Other restrictions apply.

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