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If you are legally married in Texas and you want to buy a house without involving your spouse, there are a few factors to consider. Remember, the laws and regulations surrounding property ownership and marital rights can be complex, so…
When buying a home, one often overlooked aspect is the impact of daily interest charges and how they affect your closing costs. Daily interest charges are the fees accrued on your mortgage loan on a daily basis. These charges are…
While the Fed’s decision to freeze rate hikes can provide significant benefits to home buyers, it’s essential for buyers to stay informed about the broader economic landscape and be prepared for potential changes in the future. By keeping an eye…
It’s easy to get caught up in the excitement of finding your dream home, but it’s important not to overlook the importance of a comprehensive home inspection. A home inspection is a thorough examination of a property’s condition, conducted by…
Higher interest rates mean higher borrowing costs, resulting in increased monthly payments and potentially impacting your ability to qualify for larger loans. Monitoring interest rate trends and considering the long-term financial implications can help you make informed decisions about purchasing…
A 3-2-1 temporary rate buydown is a financing option that allows borrowers to reduce their initial mortgage interest rate for a certain period, typically the first one to three years of the loan term. The buydown is achieved by paying…
What happens when you owe money to the Internal Revenue Service (IRS) and you’re applying for a mortgage? With the right approach and understanding of the process, it is still possible to secure a mortgage even when you have IRS…
An increase in interest rates can have a significant impact on your monthly mortgage payments. Increased Monthly Payments: Higher interest rates lead to higher monthly mortgage payments. This occurs because the interest portion of your payment increases, while the principal…
When you’re buying a home, it’s crucial to get pre-approved for a mortgage BEFORE making an offer. Pre-approval provides you with several advantages that can save you time, money, and stress. Let’s see why it is better to get pre-approved…
1099 loans are typically used for independent contractors or freelancers who get 1099s at the end of the year and cannot qualify based on traditional tax returns income. These loans are particularly suitable for freelancers, contract workers, 1099 employees, and…
