Category: Mortgage

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4 Dos — and 4 Don’ts — of First-Time Home Buying

Posted by FirstCapital Bank of Texas

There are few moments more important—and more exciting—than when you’re ready to buy your first home. Whether you’ve continued to live in your family home while saving money or have put in your time living in an apartment, it’s finally time to have a place all your own. The process of buying a house can[…]  Read more

 
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The Millennial Generation and Its Effect on the Mortgage Industry

Posted by Tami Randolph

The Millennial generation (often defined as those in the 18 – 34 age bracket) is forcing rapid changes in the mortgage industry. According to a 2016 Pew Research Center report, as the first generation of home buyers consisting of “digital natives,” Millennials are far less trusting of traditional institutions like big banks. And if lenders[…]  Read more

 
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Top 8 Reasons to Work with a Local Mortgage Lender

Posted by Tami Randolph

You often you see advertisements, whether online or on TV, that advertise low interest rates with national lenders. In these ads, the national lenders appear to be the best route for homebuyers to take. However, what the ads don’t tell you about are the downsides of working with people you don’t know or people that[…]  Read more

 
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Finances: Tips for the First-time Homebuyers

Posted by Tami Randolph

Fear not first-time financers! We’ve got you covered. Here’s everything you need to know to sound and think like a pro when purchasing your first home. First Things First – Start Working with a Lender Before purchasing or remodeling, it’s critical to establish a budget. Working with a lender from the beginning will help to[…]  Read more

 
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How Your Credit Score Affects the Interest Rate on Your Mortgage

Posted by Tami Randolph

There are a number of ways to find the best mortgage rate; however, it may require a little work on the borrower’s behalf. Often times, the mortgage rates you see advertised are the “best-case scenarios,” and not always the rate offered to most borrowers. The best rates are typically offered to borrowers with a 740+[…]  Read more

 
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Hurdles in Today’s Home Mortgage Environment

Posted by Brad Burgess

What do you expect to experience when applying for a home mortgage today? Quick turn-around? Less documentation requirements? Less paperwork? Not exactly. Due to the mortgage disaster of 2008-2009 and speculation from many Wall Street firms and some of the large multi-national banks, government regulation was implemented (Dodd-Frank Act) and has completely taken over the mortgage process (with[…]  Read more

 
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Prequalifying For Your Home Loan: 5 Benefits

Posted by Tami Randolph

Summertime is in full swing and people are using their vacation time to look for a new home. Most people with school-age children want to make a move before the start of the new school year.  Realtors recommend prospective home buyers to be pro-active in getting pre-qualified with a lender before going too far into[…]  Read more

 
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Home Buying vs. Renting

Posted by Tami Randolph

This is the time of year that the weather is nice and people want to be outside looking at houses. With the end of school quickly approaching, job transfers will take place and new homes will be purchased. This gives you the summer to move and get adjusted before the new school year starts.  The big considerations[…]  Read more

 
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Building Your Dream Home

Posted by Brad Burgess

In my last blog, I discussed purchasing a residential lot and then holding it for a period of time before beginning to build your “Dream Home.” In this article I will discuss purchasing a lot with the intent of beginning construction immediately. This process has a lot of detail that intimidates many people, however, if[…]  Read more

 
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Financing Your Dream Home Lot

Posted by Brad Burgess

Once you have made the decision to build your “Dream Home” the first step is to decide which lot to build upon. Your builder of choice may have an inventory of lots for you to choose from or he/she may help you negotiate for a lot in a neighborhood of your choice. If this option[…]  Read more