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How to Budget for Buying Your First Home

How to Budget for Buying Your First Home

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...

Jumbo Loan Requirements in Texas

Jumbo Loan Requirements in Texas

If you're considering purchasing a home in Houston worth significantly more than $650,000, you're going to need to learn about jumbo loans. These loans are different from traditional mortgages because they're designed for buyers of high-priced homes. The requirements...

How a Cash-Out Refinance Can Be Beneficial

How a Cash-Out Refinance Can Be Beneficial

There are many reasons that someone may wish to refinance their mortgage.  With today's home values rising sharply, an increasingly popular reason is to borrow against a portion of the equity in your property to convert it to cash.  This is commonly referred to as a...

Best Loans for Your First Home Mortgage

Best Loans for Your First Home Mortgage

The Best Loans for Your First Home Mortgage As a first-time homebuyer, you might feel like you're behind the curve when it comes to the intimidating new world of home financing. The reality couldn't be further from the truth. If you have never purchased a home before,...

What are the requirements for an FHA Loan in Texas?

What are the requirements for an FHA Loan in Texas?

A mortgage insured by the Federal Housing Administration can help you buy a home with less-than-perfect credit and a down payment as low as 3.5%. The government backing of these loans allows lenders to offer financing to borrowers who may not qualify for conventional...

What is PMI/MIP?

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...