Student loans provide a pathway for many students to afford a college education. However, too much debt can make it hard to qualify for a mortgage. Fortunately, an FHA loan Houston is easier to qualify for than a conventional mortgage. Student Loans: How They Affect Your Ability To Qualify for an...
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 how many accounts you had, what...
With mortgage rates currently at an all-time low, millions of people around the country are purchasing and refinancing their homes. Many borrowers wonder why rates on refinances are slightly higher than rates on purchases, here are the top 5 reasons: Processing and Underwriting Capacity problem....
At a glance, it appears our world has grown crazier and crazier by the second and seemingly even the most normal of ventures such as shopping for a home mortgage appear to be impossible to cope with. Luckily for us, there are mortgage professionals and endless tools at our disposal of which can...
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 loan limit is likely going to...
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 demand a refinance? Not...
How VA Loans Compare to Traditional Mortgages If you qualify for VA loans Houston options, there is almost no other type of mortgage loan program that could offer you comparable benefits. To put this into better perspective, consider a comparison between VA loans and conventional loans. Down...
FHA Loans If you’re a first time home buyer or have a lower than average credit score, an FHA loan may be a great option for you. These loans have lower down payments, but additional stipulations, so it’s important to know what makes FHA loans different from traditional loans. Homebuyers often...
When you are purchasing or refinancing a home it is important to shop your mortgage rates among multiple companies to find the best deal. The mortgage industry is a highly competitive industry with each company trying to offer their best deal to earn your business over the others. If you play your...
VA loans are possibly the best loan a consumer has available, and rightfully so! For their great sacrifice to our country, our Veterans have access to amazing benefits through their VA home loan. Let’s go over a few of the upsides to a VA home loan. 100% Financing When purchasing a home using your...
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 with your closing, “well,...
With mortgage rates at all-time lows, it may be the right time for you to refinance your existing mortgage. As of today (09/07/2020), the 30-year rate is sitting at 2.75% to 3.250% depending on your credit score and equity in your home. If your current rate is 3.875% or above you should definitely...
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