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…
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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…
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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…
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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…
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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…
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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…
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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…
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Life is a little different right now. COVID-19 has put a lot of business on hold. Despite that, the mortgage business is very busy. With interest rates at historic lows, many homeowners are jumping on the opportunity to refinance their home loans to lower their payments, shorten their terms, and/or access their home equity. But…
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During these uncertain times if you are shopping for a house, about to make a move, or just looking at your current cash situation, you may be wondering about COVID-19 and mortgage lenders: how is the pandemic affecting mortgage loans and the home lending industry. In this article I will attempt to update you as…
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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…
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