Buying a home in Austin is a great way to invest and keep expenses down, since the cost of renting is rising quickly here, putting an increasing burden upon a tenant. Unless you can afford to pay for a home in cash, a home loan is a necessity to owning real estate. Home loans have various options for repayment that can be tailored to a borrower’s needs and goals.
Why Apply for a Home Loan?
A home loan allows a person to own a property and build equity in an appreciating asset — his/her home. In exchange for a home loan, steady equity building and possible investment gains are possible for savvy borrowers. We have a home loan application checklist on our site to help you get organized. Joel Richardson can discuss your specific goals and options when you contact him.
Home Loan Repayment
Home loan repayment details depend upon the type of mortgage you choose. With Joel Richardson as your Austin lender, monthly minimum payments, rates and time frames are all established well before the home loan is closed. Most buyers stick to fixed-rate loans, but variable-rate loans featuring a short fixed period of time before adjusting offer lower payments and are increasingly popular. Joel will happily discuss all options and questions with you.
Contact Austin Home Loan Expert Joel Richardson
Home loans require an application and credit check to look at the borrower’s history and best payment and program options. Generally, home loans are approved for reasonable amounts that fit the buyer’s financial means. We want to help you get the Central Texas home of your dreams, so if you live in Austin, Round Rock, Georgetown or nearby, contact Joel Richardson today to learn more and discuss your situation!