Shopping for Texas Home Loans? What You should know before you start. Part 2
There has never been a better time to protect your interest while shopping for a home loan. The best way to do that is through educating yourself on the process so you can tell a good mortgage professional from a bad one. Below is Part 2 of our “Shopping for Texas Home Loans? What You should know before you start.” In this section we will discuss the basic down payment requirements for various types of home purchases.
Shopping for Texas Home Loans? What You should know before you start.
With our local media acutely focused on the hazards of shopping for Texas Home Loans, there has never been a better time to protect your interests through educating yourself on the loan process. Below is Part 1 of our, “What you should know before you start the loan process” series. What is? Your Fico Score - The Middle Score of all three credit companies is used to determine the rate you qualify for. Example: Scores from Read more
Texas FHA Lending Boom
Is the boom in FHA Lending a cause for concern? Nearly 20% of all new mortgages now insured by government agency. The Texas mortgage shakedown of the subprime mortgage industry and its fallout on conventional lenders has led to such a boom in business at the Federal Housing Administration that the agency is now insuring nearly one in five new residential mortgages, helping salvage some neighborhoods in some of the nation’s battered real estate Read more
Texas Home Refinance Options
There are many reasons to refinance, but did you know that there are three different types of refinance mortgages. These include a Fixed-Rate Mortgage, an Adjustable-Rate Mortgage, and a Cash-Out Refinance. Texas mortgage refinance can provide you and your family with extra money and ease the tension that debt may be causing you.
Like shopping for a new home loan, it is also important to shop for a replicable refinance broker. It Read more
Mortgage Shakedown and Where Texas Borrowers Stand
Are you worried that the failure for Congress to pass the Federal bailout will create you to have a tougher time to get a home or auto loan? Well, you should be. The credit crisis has banks less willing to lend money to each other, which ultimately means it will be harder for borrowers to get the credit they need. But that doesn’t mean it’s impossible to borrow money for those in good credit standing. From a consumer standpoint, Read more
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 nation. The Texas market diversed cities comprised of various industries, business climate and housing Read more