Plan for More Than Just A Down Payment Underestimating the total costs involved in buying and owning a home is a common mistake. Many first-time homebuyers save for a down payment on their dream home, but then fail to account for other expenses involved in the home buying process. What does it really cost to…
Read more
Have you noticed a growing trend in the Dallas Fort Worth area of two or more generations coming together to live in a single property? This could mean parents living with their adult children, adult grandchildren living with grandparents, adult children living with parents, or any combination of generations sharing a residence. This situation comes…
Read more
U.S. veterans deserve our respect for serving in the military and protecting civilians. It is reasonable that during and after service, veterans receive added compensation for their bravery and time. One of these benefits is access to a VA Home Loan. The loan program offers attractive mortgage terms to qualifying veterans, even with the added…
Read more
Currently, we are experiencing some of the lowest mortgage rates in history. What are the top 5 economic factors that influence Dallas mortgage rates? What causes mortgage rates to rise and fall? Which governmental policies and economic indicators affect the rates that mortgage lenders offer to borrowers? First of all, it is important to explain…
Read more
Mortgage lenders and financial advisors have been informing clients that mortgage interest rates are at historical lows. For employed home owners, now is a great time to refinance your mortgage. Even though the current economic situation has made the mortgage application process longer and more stringent, mortgage broker Jeff Berman with The Mortgage Go To…
Read more
A story relating to mortgage terms: The other day I overheard my wife reminiscing with a friend about when our kids were little. At one point, they both signed up for a gym membership. One of the benefits was the safe and fun kid play area. They spent at least 3 days a week at…
Read more
Megan* and Andrew* had an exciting year. Soon after getting married, Megan got an incredible job offer from a tech company headquartered in Frisco, Texas, so the couple moved from Houston. They decided to rent for the first year to get a feel for the area and see in which neighborhood to make a permanent…
Read more
Top 10 Rules to Follow When Applying for a Mortgage 1. Do not change jobs, become self-employed or quit your job 2. Do not purchase a new car, truck or van 3. Do not use credit cards excessively or let current accounts fall behind 4. Do not spend money you have set aside for closing…
Read more
Budgeting and spending money wisely is always a good habit, but it is especially important when you are saving for a house. However, even if you scrimp and save most months of the year, many of us tend to go overboard during the holidays and spend more. Socializing, gift giving, travel, decorating, and entertaining…
Read more
When looking to buy a house, you can take prequalification one step further and apply to get a preapproval for your next home loan. This will give make you an even more attractive buyer to sellers in a competitive home market. Prequalification gives you an estimate of your home loan terms and monthly payments. Preapproval…
Read more
Jeff Berman, NMLS #12191, The Mortgage Go To Guy | PO Box 795363, Dallas, TX 75379 | 214-989-7700
