Finding a mortgage lender in Texas can feel like a full-time job. There are forms to fill out, deadlines to hit, and just enough confusing terms to make you second-guess everything. But when you work with someone who actually explains things, moves quickly, and treats you like a person instead
home loans
19 posts
Buying your first home in Texas can feel like trying to find your way through a corn maze at night. There are papers to sign, deadlines to meet, and a whole lot of mortgage jargon that sounds more confusing than helpful. But here is the good news. Loan process enhancements
Forbearance is a process whereby homeowners are allowed to have their monthly mortgage payments suspended. This new term has come to the forefront for many due to the number of those who have been unemployed or otherwise facing a furlough from their employer. More than 3.5 million mortgage borrowers had
The Annual Percentage Rate, or APR, is often the most misunderstood number consumers see when applying for a mortgage. Even though consumers are provided mounds of documentation explaining various processes, closing costs and cash-to-close requirements, it seems the APR is the number that causes more head-scratching than others. Too often,
VA home loans are one of the best benefits available to veterans. The program allows honorably discharged veterans to buy a house without a down payment. But now the program is about to get even better. A new law expanding VA disability benefits to more veterans who were exposed to
Most families will go above and beyond the call of duty to help each other out. But have you ever heard of a relative selling a home to another relative with no down payment? It happens; it happens all the time. The down payment comes in the form of a
Most Texans can expect a rude awakening in early April: their property’s tax appraisal. Here’s the good news: you don’t have to take it lying down.
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 you waiting for? If
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, and the maximum VA mortgage is the same
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.
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