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 a home for sale in Midland, you should try your best to come up with a substantial down payment. This guide explains why. 3 Reasons to Come Up With Your Best Down Payment When You Buy a Home in Midland If you’re like many people, you know that lenders would like for [...]
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 [...]
When you buy a home for sale in Midland, you know that several factors come together to determine what a lender is willing to offer you. In fact, there are several reasons a lender will give you a specific interest rate. This guide explains. 3 Factors That Affect Your Mortgage Rate When You Buy a [...]
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 [...]
Your Midland REALTOR® will walk you through the entire home-buying process from start to finish, but here’s a quick look at some of the things you’ll have to do before you sign the dotted line. 5 Things You MUST Do Before Closing on Your Next Home Check out these five big milestones you need to [...]
