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” series. In this section we will discuss the basic down payment requirements for various types Read more
President Obama’s American Recovery & Reinvestment Act: What This Stimulus Package Could Mean for Housing
With a new President in office and the economy posting worse news every day, it’s clear to everyone that there is an inherent need for something to be done….fast.
Before even taking office, President Obama introduced his ideas for a stimulus, which has been translated into a bill, The American Recovery and Reinvestment Act. The bill has been moving quickly and was just passed by the House. Being very familiar with Schoolhouse Read more
Mortgage Rates Are at Historic Lows But You Can’t Qualify. What Do You Do?
Yes, it’s official. Mortgage rates ARE at historic lows, and everyone is on the refinance bandwagon. Except those folks buying homes, who are on the best-buyer’s-market-in-decades bandwagon. In fact, the bandwagon is really one big low-mortgage-rate bandwagon and it’s a great ride for many Americans right now.
And rates are looking good for the near future. The LIBOR index just lowered this week, which means key Read more
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
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 made-up. These fees vary from state-to-state and are ironed out in the Good Faith Estimate, which your mortgage lender should provide Read more