Author Archives: theloanman

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 →

What happens next with interest rates? Anyone wanting to buy a house with a home mortgage loan right now is wishing interest rates would come down. But is that likely to happen? And if so, when? People are also wondering: … Continue reading →

Homeowners who have made these home mortgage mistakes wish they could back up and start over, but sometimes it’s too late. Instead of having regrets later, heed these warnings before you apply for a home mortgage loan. Mistake #1: Thinking … Continue reading →