Mortgage points, also called interest points, are a way to get a lower interest rate on your mortgage. Points are paid to the lender in exchange for a lower rate. How much money you save depends on how many points you buy, and the current market interest rates. Buying points can be a good way [...]
When you're buying or selling a home, it's important to know the difference between a home valuation, a home appraisal and a home inspection. This guide explains the differences so you know what to expect whether you're buying or selling a home in Midland. Home Valuations, Home Appraisals and Home Inspections: What's the Difference? Home [...]
How much of your monthly income should go toward your monthly mortgage payment? This guide explains. When lenders look at your financial picture, they want to see your debt-to-income ratio, or DTI. This number tells them how much money you make compared to how much you pay in recurring monthly debt. (Your DTI is calculated [...]
If you’re like many people, you’ve never gotten a mortgage loan before – but you’re in luck. This is the complete guide on how to get a mortgage for first-time homebuyers. First-Time Buyers: Your Complete Guide on How to Get a Mortgage Most people have to take out a mortgage loan in order to buy [...]
When you’re buying a home for sale in Midland, there’s a pretty good chance you’re going to need a mortgage lender – but if you’re like many people, you may only talk to one or two. That can be a huge mistake! You should talk to a minimum of three mortgage lenders before you make [...]
If it’s been a while since you last bought a home for sale in Midland, Texas, you probably haven’t had many opportunities to sit down with a mortgage broker – and that may mean you’ve heard some myths sprinkled in with your mortgage facts over the years. Check out these three mortgage myths it’s safe [...]
If you’re thinking about selling a home in Midland, you probably know that pricing it right is essential – but what is the most accurate home value website? Here’s what you need to know. What is the Most Accurate Home Value Website? There’s a major problem with home value websites: They aren’t able to provide [...]
When you are a first-time home buyer, you quickly find out how important your credit score is. So, before you approach a lending institution for a loan application, it only makes sense that you do a little work to improve your score as much as you can. Below are five tips to ensure you get [...]
If you’re thinking about buying a home for sale in Midland, you need to be absolutely sure before you dive in with both feet. Check out these five questions that can tell you whether you’re ready to buy a home in Midland – you might be surprised at your own answers. 5 Questions That Can [...]
FHA first-time homebuyer loans are available to first-time buyers and some people who have purchased homes before. They offer a wide range of benefits for some people – so could this type of loan be right for you? Here’s what you need to know. What is an FHA First-Time Homebuyer Loan? An FHA first-time homebuyer [...]
