Our Latest Blogs
HELOC vs Cash Out Refinance in Texas: Which Option Is Right for Your Home Equity?
If you’re a Texas homeowner sitting on built-up equity, you’re probably wondering how to put that value to work. Whether you’re planning a major home renovation, consolidating debt, or covering education expenses, several options stand out: a first lien Home equity loan, a second lien Home Equity Loan, a Home Equity Line of Credit (HELOC) and a cash out refinance. With all these options you can access your home equity in Texas, but they work very differently. Understanding these differences
Home Equity Loans in Texas: Your Complete Guide to Accessing Your Home’s Value
If you’re a Texas homeowner looking to tap into your home’s value, you’ve come to the right place. At Texaslending.com, we have been helping Texans with home equity loans for more than 25 years. Whether you’re in Dallas, Fort Worth, Houston, Austin, or anywhere across the Lone Star State, understanding how home equity loans in Texas work is the first step toward making a smart financial decision. With American households holding over $34 trillion in home equity nationwide, Texas homeowners
4 Simple Winter Home Projects That Can Save You Money
Once again, it’s the time of year to start winterizing your home. You’re probably dreading the steep rise of your energy bill from heating and searching for ways to prepare for the long, cold, winter months soon to arrive. Don’t worry! We’ve found five easy (Yeah, we added one more!) home projects for winter that can help save you money and energy! Seal Pesky Drafts There are two main ways to seal drafts in your walls or windows and doors:
10 Steps to Buying a House
Buying a house may seem like it involves a couple hundred steps, but in reality, you only need these 10 steps to have the best home buying experience. 1. How Much House Can You Afford? Buying a new house is a big investment. So, you want to be sure that you have all the right finances before investing into a new home. Spend the time to do a serious audit of your finances and determine a budget. Use an Affordability
How First Time Home Buyer Programs Can Help Get You into Your First Home
As a first time home buyer, you’re probably excited and overwhelmed by all the necessary steps when buying your first home. There are many items to consider, including: checking your finances, finding an agent, setting a budget, understanding mortgages, and finding the right home. Thankfully, there are many financial assistance programs to help you as a first time home buyer. First, let’s learn more about what a first time home buyer program is and who qualifies. What Is a First
Mortgage Rate Trends for 2016
Today’s mortgage interest rates are extremely low which means that homeowners pay lower monthly payments. Currently, it’s cheaper to own a home than to rent in many U.S. housing markets and home buyers are definitely taking advantage of it. However, these low mortgage rates are actually not a normal trend in the housing market and they’re expected to change soon. Mortgage interest rates have a historical 30-year average of 8.375% and today’s rates are less than that. We’re sharing everything
6 Tips On How to Save Money For a House
If you are thinking about buying a house in the near future, it’s time to start planning and saving now. According to the Census Bureau, the average sale price of a new home in the U.S. is $358,200. Purchasing a house includes costs like a down payment, closing, and inspection. In general, a down payment for a house is typically 20 percent so you’ll need to save $71,640 for a down payment. Saving money for a house can seem intimidating
Renting Vs. Buying a House
Should you rent or buy a house? There are many factors that go into deciding to rent or buy like your current financial situation, location, lifestyle, family, housing market, and personal preferences. Try using our Rent vs Buy calculator to help you make a good financial choice on renting or buying a home. We are also sharing the pros and cons of renting and buying so that you can make the best decision possible! Benefits of Renting Moving Flexibility Renting
