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...
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...
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...
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...
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...
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...
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...
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...
Rock Mortgage Services, LP (NMLS 857682) is an Equal Housing Lender that treats our customers like family and does everything with the customers best interest in mind.
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