Category Archives: Uncategorized

Co-signing a loan is a lot different from giving a character or credit reference

  Here’s what you need to know before you decide to add your name to that dotted line. First, what does co-signing really mean? At the bottom line, it means you are accepting full responsibility for making the loan payments.  … Continue reading

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Plan ahead to raise your credit score before shopping for a home

  When you apply for a mortgage loan to buy a home, the better your credit score, the better interest rate you’ll get. So even if your score is good, it pays to make it better. If your credit is … Continue reading

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Which Type of Home Loan is Right for You?

Unless you’re independently wealthy, shopping for a home means taking out a mortgage loan. Wise consumers shop for the loan before they shop for the house. Why? Because there are several types of home loans, and because different lenders offer … Continue reading

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Another reason Californians flock to Texas – our homestead tax exemption

Every state but New Jersey offers homeowners the opportunity to file a homestead tax exemption, which lowers the taxable value of our homes for property tax purposes. As the name “homestead” indicates, this tax break is available on your primary … Continue reading

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Is it wise to pay extra on your home mortgage?

  Whether or not you should pay down your mortgage depends upon your plans and the other circumstances in your life. Let’s take a look at the pros and cons. First, the pros… Your mortgage will be paid off sooner. … Continue reading

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Why don’t the APR and my Interest Rate match?

  More than one home buyer has been startled to read the APR on their loan closing statement and see that it isn’t the same as their quoted interest rate. They react with “Wait a minute! This isn’t right!” What … Continue reading

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What is a bridge loan, and why would you want one?

What is a bridge loan, and why would you want one? Bridge loans aren’t common, and they definitely aren’t for everyone. But in the right circumstances, they’re a useful tool. What is a bridge loan? A bridge loan is a … Continue reading

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What Texas Homebuyers Need to Know About Earnest Money

  When you’ve found the home you want to purchase, you’ll sit down with your real estate agent to fill out the required paperwork. One of the primary questions, after the price you’re offering and the amount of your down … Continue reading

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Should you choose an existing home or build a new home?

Whether you’re considering your first home purchase or are ready for a change, you may be considering both existing homes and new homes. Which costs less? Which will give you more of what you want in a home? Which will … Continue reading

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Is Recasting Your Mortgage Loan Right for You?

If you’ve never heard of recasting a mortgage loan, don’t be surprised. It isn’t generally advertised, and the method isn’t widely used. And yet, it might be of benefit to you. What does recasting a mortgage loan entail? Briefly, it … Continue reading

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