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‘Mortgage Matters’ Category

How to Find a Mortgage Broker in Dallas, TX

mortgage broker in dallas

From choosing the right real estate agent to finding the perfect home and securing financing, navigating the home purchasing process can be a joyful occasion. However, it can also be a complex and stressful one. If you’ve already found your dream home in Dallas, Texas, and looking to finance the purchase, you may be wondering what your options are. You can research lenders and financing...

5 Questions You Should Ask Your Loan Officer

loan officers

Anyone in the market for a new home may need to work with a loan officer. Loan officers can assist when underwriting and securing a mortgage. Here are five questions to ask to ensure you’re working with a loan officer you trust.

Ask About How Long They Have Been in the Business

Asking a loan officer about their professional background can help a homebuyer make sure they are...

Acceleration Clause – What Is an Acceleration Clause in a Contract?

Acceleration clause - dallas mortgage broker

An acceleration clause refers to a provision in debt instruments that stipulates the circumstances under which an installment payment may be accelerated. The most common circumstance is when the borrower defaults on any of the covenants contained within the instrument, such as paying back interest or principal payments on time.

Triggers for Acceleration Clause

An acceleration...

What is mortgage insurance?

What is mortgage insurance | Person Holding a Black Pen

When looking for a home loan, there are several options available. In general, most lenders want at least 20% of the home’s value as a down payment. If the borrower doesn’t want to or is unable to put that much money down, they will need to get mortgage insurance.

What Is Mortgage Insurance?

Mortgage insurance is designed to help protect the lender if the borrower...

How to calculate mortgage payments

How to calculate mortgage payments

Understanding what you’ll need to pay each month for a mortgage can help you when you’re ready to buy a home. In this article, I’ll share steps to take to calculate monthly mortgage payments.

Find Your Mortgage Principal

Known as mortgage principal, knowing the initial loan amount is essential for anyone who wants to calculate mortgage payments. Let me give you...

What Is A Mortgage?

To sum it up in a few words, a mortgage is a tool to become a homeowner. Mortgages will vary depending on different factors like your down payment, interest rate, and the length of the loan, also known as the term. Before we get further into the anatomy of a mortgage, there are a few terms that you’ll need to know. We’ve included a few basic words, but we recommend that you take a...

Ways to Boost your Credit Score before Applying for a Mortgage

Buying a home is a big step with many factors that need to be considered. Location, loan programs, interest rates and credit scores are just a few of the considerations. Rising rent prices on homes and apartments are leading more and more families to explore the option of homeownership. When exploring mortgage options your credit score will play an important part in the entire process. The...

What are Home Loans?

home loans

Applying for a home mortgage loan can feel daunting. Knowing what a mortgage is, as well as how you can apply for one successfully, can help before you meet with a professional. When it comes to home loans, you will always want to seek professional guidance to help you make the best decision.

What is a Mortgage

There are different types of loans. If you are in the process of...

Mortgage Rates and Predictions

mortgage rates

Mortgage rates constantly fluctuate. There are always predictions floating around about where the mortgage rates are headed. Right now at this point, mortgage rates are great but where will they be a year from now?

What are indicators that the rate is getting ready to change? How are the predictions made? Experienced mortgage lenders know what to look for and provide the advice...

How To Save For That Mortgage Downpayment

downpayment

Buying a home is an exciting experience. As the biggest purchase you’ll most likely ever make, you’ll be officially stepping into adulthood with a place and a property of your own. Unfortunately, a lot of work — and saving — goes into buying a house; you’ve got to compare types of loans and mortgage rates, decide what type of home loans you’re...

Stay In The Know

Stay up to date on what you need to know about market changes and how that impacts a home mortgage.