Category Archives: Uncategorized

  Have you come into a nice sum of money that you plan on using to reduce the balance on your home mortgage? If so, you have three choices. You can make a lump sum payment on your current mortgage … Continue reading →

Becoming house rich and cash poor is an uncomfortable, financially dangerous position. It means your financial worth is tied up in your house, leaving very little in your bank account. It also means that should a financial crisis occur, you … Continue reading →

  A recent headline in the Dallas News proclaimed: “Homebuyer interest is cooling off, Realtors’ top economist says.” That does make it sound like trouble, but in some ways “cooling off” is good news, not bad news. For a few … Continue reading →

Mortgage Fraud is a growing concern for law enforcement, as it climbed 12.4% year over year in the second quarter of 2018. CoreLogic reported that about one of every 109 mortgage applications now contains some kind of false or misleading … Continue reading →

You may have the ability to make monthly mortgage payments, but lack the ability to prove it to a lender. If so, you might consider getting a co-signer to enable you to get a mortgage loan. When you purchase a … Continue reading →

When you’re planning to buy a home, one of the factors that will determine whether or not you’ll be approved for a Texas home mortgage loan is your debt-to-income ratio (DTI). What is a DTI, and how is it determined? … Continue reading →

In spite of what the ads promise, getting a home mortgage loan is not as simple as clicking a mouse or making a quick phone call. And no, it can’t be done in one day. Step #1: Become pre-approved for … Continue reading →

  Should you buy an existing home, buy a newly constructed home, or have a custom home built? The relative purchase price of each is one consideration – but only one. And the purchase price is only one piece of … Continue reading →

While news commentators go on and on about how confirmation of Donald Trump’s pick for the Supreme Court might affect issues like abortion and immigration, there’s been little or no discussion about how it could affect real estate. In fact, … Continue reading →

Your first impulse might be to say “Only my home mortgage,” but you could be mistaken. Your home could have a lien that you are not aware of. Liens fall into four primary categories: Mechanical liens: These could result from … Continue reading →