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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...

5 Things All New Homeowners Should Know

things new homeowners should know

Being a first-time homeowner is an exciting experience and a big step in life. With all the aspects involved in the process, along with the variety of homes and home buying options, there are a few things new homeowners should know about buying a home in the current market.

Determine What You Can Afford

Before you begin looking for a new home, it’s important to set an ideal price...

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...

What Homebuyers Should Expect in 2022

homebuyers in 2022

Realistic expectations are always important for homebuyers, but that’s especially true in today’s unique market. Knowing what’s to come in 2022 can set homebuyers up for success.

Fewer Homes Than Buyers

We expect the real estate market in 2022 to have more buyers looking for homes than homes available for sale. The trend means homebuyers should prepare for a...

What Is APR?

what is APR

When comparing lenders, you receive a lot of information that may seem difficult to understand at first glance. However, tools like APR are designed to give you a snapshot of the true cost of your loan. We’re here to teach you what APR is, how it works, and how it can help you when you’re making big financial decisions, like buying a house.

What Is APR?

APR is an acronym for...

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...

What Credit Score Do You Need to Buy a House?

Beige Bungalow House | credit score to buy a house

A credit score is a number that indicates your creditworthiness. Lenders use it to decide whether they will give you a loan and at what interest rate. If you have a low score, lenders will be hesitant to trust that you’ll pay them back in the future as agreed. Below, we discuss how much of a credit score you need for different mortgages — from a personal unsecured loan to an FHA-backed...

Stay In The Know

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