Key Takeaways: Sifting through the mortgage options when you’re a first-time homebuyer can be tough. But there are three options that every first-time homebuyer should consider: the FHA, Fannie Mae HomeReady and Freddie Mac Home Possible programs. In This Article FHA Mortgages backed by the Federal Housing Administration (FHA) offer generous benefits to first-time homebuyers. […]
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3 Mortgage Options for First-Time Homebuyers
Key Takeaways: Mortgages backed by the Federal Housing Administration (FHA), Fannie Mae’s HomeReady, Freddie Mac’s Home Possible offer generous benefits to first-time homebuyers. Regardless of what type of mortgage you…
Understanding Non-Warrantable Condos and How to Secure a Mortgage for One
Key Takeaways: There are two kinds of condos: warrantable and non-warrantable. Conventional lenders often do not offer non-warrantable condo loans. There are many ways to check to see if a…
Second Home Mortgages: How to Finance a Vacation Home
Texas is among the most beautiful states with its white sand beaches, hillsides, hot springs, and towering pine trees. Unsurprisingly, many people rush to own a piece of this paradise.…
What You Need to Know About Texas Land Loans
Texans love land, whether it be massive ranches or small home lots. And there’s plenty of land to love in the Lone Star State – nearly 172 million acres. A…
How Does a Cash-Out Refinance Work?
Prior to 2022, you may have considered refinancing your mortgage to lower your interest rate or reduce the amount of your monthly payments. With interest rates going up, you may…
Do I need a mortgage pre-qualification?
What Is Mortgage Pre-Qualification and Why Is It Important? If you’re a buyer in today’s real estate market, you already know how challenging it can be. The real estate market…
Ready to Build Your Home?
These requirements could keep you from breaking ground. So you’ve already done the work of securing a lot in the neighborhood of your choice. Congratulations! The next step is to…
Building a Home? 5 Things to Know
If you’re building a home from the ground up, you need financing for the construction phase and homeownership phase. The loans serve two different purposes but can get confusing and…