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...
by Mike Ogg | Aug 6, 2021 | First Time Home Buyer, Mortgage Loans
With the high level of economic uncertainty currently, first-time home buyers Houston may be wondering if they should be purchasing a home now. The answer depends upon several factors. Read on to help yourself decide if buying a house for the first time is a good...
by Mike Ogg | Jan 17, 2021 | FHA Loans, First Time Home Buyer
Are you a first-time home buyers Houston candidate? Here at Rock Mortgage, we aim to make the home-buying process as stress-free as possible for a first-time home buyer. We want to make sure you get into a home you love for a price you can afford. Below are some of...
by Mike Ogg | Dec 16, 2020 | Conventional Loans
The Credit Score System Could Accurately Predict the Outcome of 70% of all Loans Credit bureaus have been around for well over 100 years, but credit scores have only been around since 1989. I got into the consumer finance industry in 1987, back then all we knew was...
by Mike Ogg | Aug 19, 2020 | Conventional Loans, FHA Loans, First Time Home Buyer, Jumbo Loans, Mortgage Loans, Texas Cash Out Loans, VA loans
Refinancing is something homeowners often consider a few years into their mortgage can be a great way to achieve better interest rates, lower monthly payments, and gain more desirable terms. However, depending on your specific situation, refinancing could do more harm...
by Mike Ogg | Aug 19, 2020 | Jumbo Loans
According to a recent survey by Trulia, 2 in 5 people surveyed prefer new construction homes over pre-existing homes. I thought the number would have been much higher than that given all the common benefits associated with a new build and that the number of housing...
by Mike Ogg | Jul 14, 2020 | First Time Home Buyer, Mortgage Loans
I’ve been in the consumer lending field for 4 decades now and in the mortgage industry for almost 20 years. Until 2015, the majority of my clients were Baby Boomers and Gen Xers, but then I noticed a shift starting to happen. Former clients began referring their...
by Mike Ogg | Jul 14, 2020 | Mortgage Loans
With mortgage rates at all time lows, it may be the right time for you to refinance your existing mortgage. As of the today (06/15/2020), the 30-year rate is sitting at 2.875% to 3.250% depending on your credit score and equity in your home. If your current rate is...
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