Introduction: As a homebuyer, choosing the right mortgage product can be a challenging task. Two popular options available to borrowers are the Federal Housing Administration (FHA) mortgage and the conventional mortgage. In this blog post, we’ll provide insights...
FHA loans are one of the most popular loans for homebuyers because they have various benefits such as: Having low requirements Being insured by Federal Housing Administration (FHA) Lower down payments (allowing you to borrow up to 96.5% of the home’s value) But can...
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...
Introduction: In today’s ever-changing economic landscape, prospective homebuyers may be hesitant to enter the market when faced with interest rates around 6%. However, even at these rates, purchasing a home can still be a smart financial move. In this blog...
In today’s online world, many prospective homebuyers feel empowered by the seemingly infinite amount of information out there. The ability to effortlessly scroll online listings in their area you’re your phone or smart device have caused many to take a moment and...
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...
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...
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...
If you’re looking to purchase a home on the more expensive side of the spectrum it’s possible that you will need to utilize a Jumbo Loan. This is a mortgage product that exceeds the conforming loan limits set forth by the Federal Housing Finance Agency. In Texas, this...
With mortgage rates at historical lows, you may have heard friends, family, or coworkers talking about how they’re taking advantage by refinancing their existing mortgage. Does this mean that everyone with a mortgage should call their favorite mortgage broker and...
When purchasing a home, buyers face a lot of decision points that affect the amount they will spend for the life of their loan such as school districts, siding and one story or two. However, selecting a licensed mortgage lender will be the most critical decision for...
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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