How Are Mortgage Rates Calculated in Texas?
I get this phone question a lot. “Hi, I’m Bob, and I’m from Somewhere, Texas and I want to know what today’s mortgage rate is?” It’s a good question. How are rates calculated and why would someone hav...
Have We Witnessed the Death of the Landline?
There are many of us who may not already have a landline in our home. Particularly the younger generation, who are forever connected and intertwined with one another by social media sites, mobile phon...
Mortgage Loan alteration Help – Why Your Lender May Ask For a Good Faith place
Homeowners who have missed many mortgage payments and want to apply for a loan alteration need to be prepared to make an initial payment to their lender. In some instances, when you apply for a mortga...
Business Cards Are nevertheless Effective As an Excellent Marketing Tool
The world of business is now digitized, and in marketing, this impact is being felt more intensely. From email, video to social media, there isn’t anyone ignoring this current dramatical change. While...
Reverse Mortgages – What Does the Term Principal Limit average?
When explaining a reverse mortgage to a senior homeowner, one of the most important terms a reverse mortgage loan officer will discuss is the “Principal Limit.” What is the Principal Limit and why is ...
The Flow of Mortgage Funds – Your Local Bank to Mortgage Backed Securities
The availability of funds in the dominant market depends a great deal on the existence of secondary markets. First, mortgage funds are loaned to a homebuyer by a lending institution in the dominant ma...
What Happens When You Default On Student Loans and Credit Cards
I graduated from Howard University with a B. Arch. and ultimately found work in a small Architects office with a fellow classmate of mine in sunny Nassau, Bahamas. I rented a beachfront bungalow and w...
Glossary of Mortgage Terms
Additional Security Fee An Additional Security Fee (Mortgage Indemnity Guarantee policy) is the fee taken to get an insurance policy that will cover your lender so that if you default on payments, he ...
What Are Today’s Current Mortgage Rates – Is it Better to Get a 30 Year Or 15 Year Fixed Rate in TX
Today’s Mortgage Rates: (Texas) 30-Year Fixed Rate 6.375% 6.606% 20-Year Fixed Rate 6.375% 6.680% 15-Year Fixed Rate 5.875% 6.252% 5-Year ARM Rate 5.750% 5.740% Texas Jumbo Home Loans – Amounts that g...
Plan Your Time – Manage Your Time, Invest Your Time
Introduction At one stage or another we all have heard or read all or any of the below mentioned, Time Related Phrases: 1) Time is money. Time is wealth. 2) Time is a river. Time is wind. 3) Respect y...
Refinancing and Home Equity Loans – Useful Tips
Did you know that it’s possible to make money from the value of your home? If you’re a homeowner and you’re paying high interest rates, you know how difficult balancing your checkbook can be. In the c...
4 basic Mortgage Considerations
Most people, especially, first – time homeowners, take advantage of a mortgage, in order to participate, in what is generally considered, a major part of the American Dream, which is, owning a home, o...
