The Blog
Our blog articles are geared towards first-time home buyers and mortgage market news.
Builder incentives can be a great deal or an expensive one. How Central Texas new-construction buyers can compare the builder’s preferred lender against an outside offer before signing.
File with your county appraisal district as soon as you own and live in the home and your Texas driver’s license shows the new address. You don’t have to wait until January 1. That’s the Travis Central Appraisal District (TCAD) in Travis County and the Williamson Central Appraisal District (WCAD) in Williamson County. Filing is…
Usually it’s your escrow account, not your loan. Your property taxes and homeowners insurance are estimated at closing, often from the seller’s last tax bill. That bill may reflect exemptions or a lower taxable value you don’t inherit. When the real bills come in, your servicer’s annual escrow analysis finds a shortage, and your payment…
Yes. Since January 1, 2018, the Texas Constitution lets you refinance a Texas home equity (50(a)(6)) loan into a regular rate-and-term (§50(a)(4)) loan under Section 50(f)(2), if all four conditions are met: One year: the refinance can’t close before the first anniversary of your home equity loan’s closing. No new cash: the new loan can…
In Texas, a cash-out refinance on your homestead is limited to 80% of your home’s fair market value, counting every loan secured by the home. It can’t close until at least 12 days after the later of your application or the lender providing the required Texas home equity notice. Fees are capped at 2% of…
Buying a home when you own a business can be exciting, but proving your income may feel more complicated than it should. For a self-employed mortgage applicant, qualifying income is generally based on documented, stable, and continuing earnings after eligible business expenses are considered. In this guide, we at Capfi Lending (NMLS# 1692019) explain how…
Buying a home when you own a business or work for yourself can feel complicated, especially when your tax returns do not tell the full story of your income. Self-employed home buyers may qualify for a mortgage using tax…
Buying a home is exciting, but choosing between conventional and FHA financing can feel confusing. Conventional and FHA loans both finance primary residences, but conventional financing follows lender and investor…
Buying a home in Austin is exciting, but preparing for mortgage preapproval can feel confusing when you do not know what a lender will need. Mortgage preapproval is a lender’s conditional review of your credit, income…
Financing an investment property can feel difficult when personal tax returns do not show the income needed for a traditional mortgage. A DSCR loan helps real estate investors qualify primarily through the property’s…
