Posts Tagged "Mortgage"

Homes are bought by comparison. I have a large inventory at my disposal through MLS while you have an inventory of one. I have global marketing outlets that I pay for monthly which puts your property in front of millions. I am very familiar with competitive houses and the market so I can help you position the price of your home best. It is hard negotiating for yourself. I have lots of experience in writing contracts and can negotiate aggressively on your behalf. Buyers are not always forthright about their financial situation. I insist on pre-qualifying their financials and motivation before I even bring you an offer. Unqualified buyers can tie up your home. I make sure that doesn’t happen. My lender contacts and mortgage experience help buyers...

What every homeowner should know No one buys a home hoping to get behind on payments and have the bank foreclose on it. Here are a few tips to avoid this problem altogether, and what to do if it does occur. Don’t set yourself up for failure There are two main ways to avoid foreclosure: Don’t put yourself in a situation where you won’t be able to afford your mortgage. Know how much you can really afford before you start shopping for a home and stick to that price range. Often, people over-extend themselves financially when in reality they don’t and won’t have the means to pay their mortgage payment. Just because the mortgage lender approves you for a loan at a certain amount doesn’t mean you can actually afford the payments on that loan. Understand your loan. Many...

Three elements are crucial to the purchase of a home—the down payment, closing costs, and qualifying for a mortgage. Here is a quick rundown of what you should know: Down payment Typically, conventional lenders will require a 20% down payment, although you may be able to find loans with down payments of as little as 5% (perhaps less in some cases). With down payments less than 20%, you likely will have to pay private mortgage insurance, which guarantees the lender will be repaid in case of default. Mortgages insured by the Federal Housing Administration (FHA) and those available to U.S. veterans often require very low down payments. Ask your lender if you can qualify for one of these loans. If you are having trouble coming up with the down payment, here are...

How do you decide which lender is best for you? There is a lot more to the mortgage process than getting a good rate. High costs in fees and poor service can come as very unhappy surprises. Here’s a list of suggested questions you might ask a lender: How large is your company, and how long has it been in business? Are you a licensed mortgage broker or loan officer in Texas? Is your company a mortgage banker or a mortgage broker? (A banker lends its own funds; a broker searches mortgage sources and arranges for you to receive financing from the lending entity.) What is the name, phone number, and e-mail address of the person who will actually be processing my loan application? How accessible is that person? Tell me about all loan fees. What fees must I pay up...

How much you can afford will be determined by your debt to income ratio, along with the principle, interest, property taxes and insurance costs. Contact us about getting you going on finance questions.  Mortgage Calculator Calculate Your Mortgage NOTE: Texas Property Tax Rates are MUCH higher than these calculator’s estimate.  See Texas Property Tax rates here Shop HomesOur ListingsMove Up Plan Relocation GuideCommercial Property Buyer’s AgentsMortgage LendersTestimonials Housing TrendsHome Buying TipsMortgage...