Author Archives: theloanman

Although we’ve been learning that the government doesn’t need nearly as much money as it’s been spending for the past many years, money is necessary to running the country. For that reason, we Americans pay taxes, and more taxes. According … Continue reading →

Millennials, currently aged 28 to 43, are now the largest generation. They are also the generation that should be buying their first homes right now, and certainly some are. However, only about 52% do own homes. Back in 1990, the … Continue reading →

If you’ve purchased a home or even offered to purchase a home, you know that you handed the real estate agent a check for an earnest money deposit. But why? The earnest money does just what the name indicates. It … Continue reading →

No matter how you choose to buy or sell property, there are costs involved. Even an all-cash transaction with no real estate agents is not free. Realtor commission fees have come into the spotlight recently, due to a lawsuit and … Continue reading →

Home ownership has long been the American Dream, but more and more young people today are postponing it in hopes of better times to come. For the past 3 years or so, real estate has been under a dark cloud, … Continue reading →

The do’s and don’ts for getting a home mortgage loan have changed a bit since interest rates started climbing. In addition, some of the old assumptions about mortgage loans are simply wrong. Let us begin with the don’ts… This assumption … Continue reading →

Sometimes telling everything you know or think can be counter-productive. One of those times is when you are meeting with a mortgage lender. Here are 5 things you should not say during that meeting: A statement like this can wave … Continue reading →

If you’ve decided that you want to remain in your home for the long term, then you’d probably love to pay it off long before the 30 years – or 15 or 20 if you opted for a shorter term. … Continue reading →

When you decide to buy a home, you will likely visit a lender and gain a pre-approval before beginning to shop. After looking at your income, expenses, and credit scores, your loan officer will tell you how much you can … Continue reading →

https://www.hud.gov/states/texas/homeownership/buyingprgms Before you attempt to buy a house… Unless you are sitting on a bag of money large enough to purchase a house for cash, you should become pre-approved for a home mortgage loan. If you skip that step, home … Continue reading →