Austin Holiday Events 2020

Austin Holiday Events 2020 Style: In-Person and Virtual There is no shortage of Austin Holiday Events. This time of the year is always a favorite because Austin really loves a good celebration. However, we are aware things will look a little differently as we work as a community to maintain our health and safety for […]

In the News | The Wall Street Journal

Discount Points on Jumbo Mortgages are Hot Again. Here’s Why. This month, The Wall Street Journal published an article discussing the discount points on jumbo mortgages during the COVID-19 pandemic. As you may know, a jumbo mortgage is a loan designed to finance high-value properties that exceed the maximum conforming loan limit set by the […]

Adverse Market Fee FAQ

Adverse Market Fee – A Surprising GSE Directive It was a typical Wednesday after dinner two weeks ago when I got a notice about the unexpected news: Government sponsored enterprises (GSE), Fannie Mae and Freddie Mac announced a directive known as the Adverse Market Fee. This directive will impose a 0.50% fee on all refinances. […]

30 Year Fixed Rate at Historical Lows

Historically Low Interest Rates Now Is a Good Time for House Hunting House hunting these days? You will be happy to know that 30-year fixed rate at one of lowest historical levels. The key driver is a healthy economy with low unemployment, stable growth with low risk of inflation. Consequently, homebuyers will have access to […]

The Federal Reserve and Interest Rates

The Federal Reserve Announces Rate Decrease In late July, the Federal Reserve announced a rate decrease. Many customers wanted to know how that affected their mortgage interest rates. What is “The Federal Reserve”? Not the exact definition: The Federal Reserve is our central bank. As a matter of fact, there are several Federal Reserve banks, […]

Why Renovation?

Renovation Expands Your Home Purchase Options Let’s face it, Austin and the Austin metro area are highly competitive markets with buyers competing for limited inventory. According to an article published in the Austin Business Journal, we are facing a housing crisis. In a market with low inventory, a buyer finds it more challenging to find […]

Most Common Mortgage Questions

Mortgage Frequently Asked Questions There are a lot of questions about mortgages. Here are answers to the three most common mortgage questions: 1. What is a mortgage? A mortgage is a loan that secures real property with a legal agreement. When a home buyer decides to purchase a home, she may not be able pay […]

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