Happy Friday – I hope you are doing well and not watching the news too much 😊. Inflation rose again this week and rates are continuing to go up. This is going to be the case until we see inflation come down.
In this video I break down what happened and what to expect for the near term. I also share some information about a few loan programs that...
The U.S. Department of Agriculture offers many services for farmers across the country. But the agency does much more. Part of the USDA’s mission focuses on providing economic opportunity, particularly with a focus on rural America.
USDA loans in Texas focus on helping communities with investments in housing and other critical infrastructures, such as high-speed...
The Texas housing market is set to see continued growth in fall 2022 as the current economic expansion continues and job opportunities increase. The Lone Star State’s population continues to grow at a steady pace thanks to its diverse economy and low cost of living. Additionally, more Texans are looking for affordable housing options, which bodes well for the state’s...
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 PrincipalThe mortgage principal is...
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 LoansLenders are free to set minimum credit scores for loan approval....
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...
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...
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...
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...
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...
Stay up to date on what you need to know about market changes and how that impacts a home mortgage.
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