by Mike Ogg | Sep 18, 2023 | FHA Loans, First Time Home Buyer, Mortgage Loans
As a Houston Resident, here are 10 First Time Home Buyer Tips to consider: #1 First Time Home Buyer Tips: Get the Facts There is only one advocate for your family in the housing search, and that is you! So to start off the list of first time home buyer tips: getting...
by Mike Ogg | Sep 14, 2023 | First Time Home Buyer, Mortgage Loans
Know your Credit Score! Credit Scores dictate which program you qualify for High Credit, Lower Rate Low Credit, Higher Rate Higher Credit, Lower Mortgage Insurance Get a Home Inspection by a Third Party! By knowing issues with the home that you are interested early...
by Mike Ogg | Aug 13, 2023 | FHA Loans, First Time Home Buyer
If you’re looking to purchase a home for first time home buyers in Houston and feel overwhelmed, you’re not alone! The process of buying a house is a complex and nuanced beast, but you can start by breaking it down one step at a time. Please familiarize...
by Mike Ogg | Aug 9, 2023 | Mortgage Loans
Mortgage rates climbed steadily through most of 2022, to a high of 7.08% on Oct. 27 and Nov. 10. The Federal Reserve increased its benchmark interest rate seven times over the course of the year, and inflation was over 7% in November. This created an unfavorable...
by Mike Ogg | Aug 4, 2023 | Mortgage Loans
A mortgage lender is any financial institution that offers home loans. For most first-time homebuyers, mortgage lenders are synonymous with the home buying process. This is because most potential homeowners don’t have the cash on hand to purchase a home in full. There...
by Mike Ogg | Jul 7, 2023 | Mortgage Loans
Buying your first home can be an exciting but intimidating experience. It’s likely one of the largest purchases you’ll make in your life, so it’s important to budget and prepare adequately so that you maintain a cushion in your savings and don’t expose yourself to too...
by Mike Ogg | Jun 29, 2023 | Conventional Loans, FHA Loans, First Time Home Buyer, Jumbo Loans, Mortgage Loans, Texas Cash Out Loans, VA loans
When shopping for a loan most people are only concerned about interest rate, a smart shopper should also be concerned about the mortgage closing costs that come along with purchasing or refinancing a home. Most people are shocked to learn how many people are involved...
by Mike Ogg | Jun 20, 2023 | Mortgage Loans
When purchasing a home, one crucial step in the mortgage loan process is the property appraisal. This assessment helps determine the value of the property, which directly impacts the loan amount and terms. In this blog post, we’ll explore the purpose of an...
by Mike Ogg | Jun 15, 2023 | FHA Loans
Private lenders, such as Rock Mortgage, can issue an FHA Loan Houston to qualified buyers who may have difficulty getting a mortgage. FHA loans’ biggest benefits are that they are easier to qualify for and have lower down payment requirements than conventional...
by Mike Ogg | Mar 30, 2023 | FHA Loans, First Time Home Buyer, Mortgage Loans
Mortgage Credit Inquiry We often hear a lot of enthusiasm from prospective homebuyers when it comes to discussing qualifying them for a dream home. That is until we inform them, we’ll need to pull their credit. Is this something homebuyers should truly be worried...
by Mike Ogg | Jan 5, 2023 | First Time Home Buyer, Mortgage Loans, VA loans
Buying A Home This is a question that we gets asked daily, my answer is always the same; absolutely yes! Based on what I do for a living some may think it’s self-serving, and they would be correct, but that wouldn’t change my answer. As the founder of Rock Mortgage...
by Mike Ogg | Dec 17, 2021 | Mortgage Loans
Mortgages have been around since the late 1800s and they were primarily made by your local banker; the vast majority of these loans were 1–5-year terms with 50% down and your rate was rarely fixed. That all changed in 1934 when the government got involved and created...
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