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How to Calculate Your Mortgage Payment

calculate your mortgage

Your mortgage payments are likely to be your largest regular bill, so it’s important to know how much you’ll pay. Calculating your mortgage payments helps you understand what you can afford to borrow and create a manageable household budget. These simple steps can teach you how to calculate a mortgage payment.

1. Determine Your Mortgage Principal

The mortgage principal is...

Can You Buy a House with Bad Credit?

Buy a house with bad credit

If you have bad credit, you’re not alone. Nearly one in five Americans have a subprime credit score. More than one in 10 have a credit score below 550. Low credit scores can hold you back from many things, but can you buy a house with bad credit? Under certain circumstances, yes.

The Truth About Credit and Home Loans

Lenders are free to set minimum credit scores for loan approval....

Red Flags To Look for When Buying a Home

red flags when buying a home

Buying a home is a considerable investment; for some people, it’s a once-in-a-lifetime deal. As soon as you buy a house, you become the new owner and person responsible for whatever the house comes with — something good or bad. If it comes with some existing issues, the experience will not be excellent since you will have to spend extra money to make repairs. We must keep all the...

Interest Rates and the Real Estate Market

interest rates and real estate market

When acquiring a loan, borrowers need to pay the lenders an extra amount, called the interest rate, on top of the principal for using the assets. A lot of factors come into play while determining the interest rate, such as the current economical state. Set by a country’s central bank, interest rates are used by the banks across the country for determining their annual percentage rates...

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...

What is a USDA Loan? Do You Qualify?

USDA Loans

Texas homebuyers have plenty of housing options, from sky-high apartments right in the heart of downtown to quaint townhomes in one of the Dallas suburbs. Even more options exist when you consider financing options. One loan type that many homebuyers overlook is USDA loans. These loans are particularly beneficial to those who want to purchase property in one of Dallas’ more rural...

5 Things to Consider before Refinancing

refinance your home

Life is constantly changing, so why shouldn’t your mortgage? Refinancing your home can be a great way to secure a lower interest rate or a mortgage that better reflects your needs. According to software, data, and analytics firm Black Knight, U.S. homeowners saved $14 billion by refinancing their mortgages in the 18 months since the COVID-19 pandemic began. This information might excite...

Guide to Finding the Best Dallas Mortgage Lender

dallas mortgage lender

There are a variety of mortgage lenders eager to accept loan applications in Dallas, Texas. So, it’s important for individuals to understand how to find and select the right one for them. With a variety of loan programs, it may feel overwhelming when borrowers try to find the right mortgage lender. Here are some tips that can help homeowners feel confident in their decision and supported...

Why 2022 is the Time to Buy a Home

best time to buy a home

The past year has seen some fast-paced action in the market. With the flood of homes and sudden buy-up of lower-priced properties, we would think 2022 would face the same challenges. However, this year we’re seeing the market bounce back to more normal cycles. Here’s why 2022 is the perfect time to buy a home.

More Cost-Effective To Buy

The market is experiencing some...

10 Tips for Getting Mortgage Pre-Approval

mortgage pre-approval

When beginning your search for a new home, having a mortgage pre-approval letter allows you to accurately determine the price range for homes you can afford. Pre-approval also demonstrates to sellers that you’re committed to purchasing a home. We’ve compiled a handful of tips to help you obtain and maintain your mortgage pre-approval letter.

Maintain Accurate...

Stay In The Know

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