Our Latest Blogs
6 Ways to Save Money on Your Mortgage
Being strategic can help you save money on your mortgage. Buying a home is the largest investment that most Americans make in their lifetime. Your mortgage will potentially be a part of your financial plan for the next 30 years. Understanding how to get the best deal on your home loan and knowing the money-saving options available to you is key to making smart financial moves. Take some or all of these 6 steps to save money on your mortgage:
How to Get the Best Mortgage Rate in Texas
How can you get the best mortgage rate in Texas? When shopping for a mortgage, comparing interest rates is the primary way that homeowners and home buyers choose a mortgage. This can be a way to compare the total cost of the loan. Your interest rate is customized to the type of loan, loan term, loan amount, and a few other financial factors. Getting the best mortgage rate in Texas involves a combination of choosing the right lender and making
Seller-Paid Rate Buy down: Strengthening Your Offer
A seller-paid rate buy down is an option that not many home buyers know about. This type of concession can be a win-win scenario for both buyer and seller. Including this request in your offer will strengthen your offer while making your potential monthly mortgage payments more affordable. In this unique moment in the housing market, home prices have risen and the FED’s decisions to raise interest rates has impacted the mortgage market. Affordability for home buyers is being stretched
HELOC vs. Cash Out Refinance
What are the differences in a HELOC vs. Cash Out Refinance? Utilizing your home equity can be a good financial solution for many homeowners. If you have owned a home in Texas for at least a few years, you likely hold equity in your home. There are two popular loan options for accessing your equity. A Home Equity Line of Credit and a Cash-Out Refinance loan a structured differently, but both allow you to use your home equity. Comparing a
How long does it take to get a Cash Out Refinance?
If you are looking to access the equity in your home, you may be wondering about the timing of this process. How long it takes to get a cash out refinance depends on a few factors. Your application, submitting documents, appraisal, and the federal mortgage lending guidelines all play a role in the timing of a cash out refinance. At TexasLending.com we often close cash out refinance loans in as little as 21 days. Our goal is to make your
Home Buying for Remote Workers
There are more opportunities to work remotely than ever before. Which means that a number of potential home buyers are looking for the perfect combination of home, and home office space. Remote work is changing the way many people approach buying and selling homes. There are a few specific needs that remote workers have for a home. However, there can also be some potential advantages of looking for a home to buy as a remote worker. The location of the
9 Ways to Lower Your Summer Electricity Bills
Looking for ideas to lower the cost of your summer electricity bills is smart. The summer heat can easily burn up your budget with high energy bills. Increasing the efficiency of the systems in your home, practicing some energy conservation, and updating some features of your home can help to save you money. In the Texas summer we experience some very hot days. With multiple days of temperatures above one hundred degrees Fahrenheit, it’s important to take care of your
Are We in a Housing Bubble?
There is talk going around that we are currently in a Housing Bubble. In recent years home values have risen at a record-setting pace. Concerns about inflation and a potential recession have some people worried that home values are going to suddenly drop. This is a fear that we would like to put to rest, with an in-depth look at the current market conditions. The outlook in the housing market today is quite different from the market that played a
