How long does it take to get a Cash Out Refinance?
If you are looking to access the equity in your home, you may be wondering about the timing of this process. How long it takes to get a cash out refinance depends on a few factors. Your application, submitting documents, appraisal, and the federal mortgage lending guidelines all play a role in the timing of […]
Custom Down Payment Savings Plan
Developing a custom down payment savings plan can be a great first step toward becoming a future homeowner. Understanding both what you need to save and setting the time you can give yourself is key to making a savings plan that is just right for you. There are a few upfront costs to buying a […]
Escrow Account Basics
If you are looking for your first mortgage loan as a first time home buyer, you may have some questions about escrow accounts. The questions and answers in this article provide some great insight to the function and purpose of an escrow account. These basic questions will help you better understand the structure of an […]
How to Get Pre Approved for a Mortgage
The first thing you should do before shopping for a home is get pre approved for a mortgage loan. Buying a home is the biggest financial investment that most Americans will make in their lifetimes. We are happy to give you the information needed to begin. How to get Pre-Approved for a Mortgage: 1. Check […]
Get a Custom Interest Rate Quote
The interest rates on mortgages are NOT one size fits all. You can compare rates online and “shop for the best rate,” but the rates displayed on websites aren’t always representative of the interest rate that would be available to YOU. In fact, the best way to get an interest rate quote, is to speak […]
Become a Homeowner in 2021
If you have a goal to become a homeowner in 2021, it can help to know the possible challenges of home buying in this unique year. Each year we post an article about setting a goal to become a homeowner in the new year. This year, we know that the COVID-19 pandemic has made an […]
Why do I need an Appraisal?
If you are looking to buy a home or your are considering refinancing your current mortgage, you may want to know… Why do I need an appraisal? Appraisals are required for almost all mortgage loans. A licensed professional appraiser must make a complete evaluation of the property being financed and provide a report determining the […]
How to Prepare for Your First Mortgage
You can help yourself transition into home ownership easier by preparing for your first mortgage. Setting savings goals, minding your credit score, getting pre approved, and knowing how much home you can afford will help you prepare for success. As a new home owner you will definitely learn a few new things. There is no […]
How long does it take to close a mortgage?
This is one of the most asked mortgage questions. To answer this question fully, let’s take a look at steps in the mortgage process, the potential delays, and the days to closing. Days to Closing The average closing time at TexasLending.com to 27 days. Our goal is to make the mortgage process as quick and […]
Low Interest Rates: Is it the right time to Refinance?
The COVID-19 crisis has impacted the mortgage industry in unique ways that have rarely been seen before. We are seeing historically low interest rates in combination with changes in market limits. These factors make it a unique time to refinance your mortgage. Let’s take a look at some of the considerations affecting your potential refinance […]
