At what point is it worth it to refinance? When mortgage rates decline, you may wonder if you should consider refinancing your mortgage. There are a few things to evaluate to help you decide if to refinance your mortgage. What does refinance your mortgage mean? Refinancing your mortgage means replacing your existing mortgage with a […]
How high will interest rates get? I can’t count how many times per week I have to address client concerns about current rates or rate direction. Then I was hit with a realization: most homebuyers today have never seen higher rates! What are the highest rates have gone? Today, over 50% of buyers are Millennials […]
What home loan can I afford? When considering buying a home, what home loan can I afford? We get asked how much mortgage we can afford on my salary all the time! Lenders will typically look at your income, expenses, credit score, and debt-to-income ratio to determine how much house you can afford. To be […]
SVB and The Housing Market I wasn’t going to write about this, but… There have been a lot of questions about Silicon Valley Bank (SVB). Mostly, the questions are about SVB and the housing market. Therefore, I feel it’s helpful to address this. There is a lot of industry analyst betting against the housing market. […]
Got Mortgage Questions? We have answers! Ready to start the journey to homeownership? Great! You are likely looking for mortgages and have come to the right place. As your mortgage expert, we provide you with guidance. We have outlined some commonly asked questions and the answers to help you get started on the right foot! […]
How Does A Government Shutdown Impacts Home Loan? That Depends… Though there are some areas of our lives that a government shutdown could impact, many home buyers will experience minimal impact on an existing mortgage application. The answer is dependent on the type of loan in question. Here is a quick reference to help understand […]
Hot Housing Market Tips for Homebuyers Recently, I was interviewed about Austin’s hot housing market by Sarah Wheeler, Editor in Chief of Housing Wire. We talked specifically about what homebuyers need to know as we look at Austin and surrounding areas. Here are some tips from that interview. Prepare your finances. A hot housing market means […]
Fixer-Upper or Move-In Ready? When deciding to buy a home, many people ask, “Should buy a fixer-upper or a move-in ready home?” There are a few factors one needs to consider when making this decision. Move-In Ready Homes If you have been following the Austin housing market, you may not be surprised to learn Austin-Round […]
Jumbo Mortgage Discount Points, A Thing Again. Jumbo mortgage discount points are in the news. As a matter of fact, The Wall Street Journal published an article discussing the jumbo mortgage discount points. Wall Street writer Katie McLaughlin interviews Joel Richardson, your local Austin home loan officer, for this article. Summary of My Jumbo Mortgage Discount […]
Historically Low Interest Rates Now Is a Good Time for House Hunting House hunting these days? You will be happy to know that the 30-year fixed rate is at one of the lowest historical levels. The key driver is a healthy economy with low unemployment, stable growth with low risk of inflation. Consequently, homebuyers will […]
