The Blog
Our blog articles are geared towards first-time home buyers and mortgage market news.
An interest-only mortgage lets you pay just the interest for a set period, then switches to a fully amortizing loan. Here’s who it can fit for Austin and Central Texas buyers, and what to watch for.
Just started a new job, or about to? Here’s how lenders look at a job change, offer letters, commission pay, gaps and self-employment for Austin and Central Texas home buyers.
Parents or grandparents want to help you buy? Here’s how gift funds work for a down payment in Austin and Central Texas, who can give, what the gift letter needs, and how to avoid delays.
The short version: Closing costs are the fees and prepaid items due when your loan funds. Some are paid to the title company, some to the county, some to your insurer, and some go into escrow for future taxes and insurance. Your Loan Estimate lists them, and your Closing Disclosure confirms them before you sign….
Retired, between jobs or recently sold a business? An asset depletion mortgage lets you qualify using savings and investments instead of a paycheck. Here’s how it works in Central Texas.
The short answer: A Texas DSCR loan finances a rental property anywhere in the state on what the property earns, not on your tax returns. The lender compares the property’s qualifying rent with its full monthly cost, and Texas property taxes and insurance often decide whether the numbers work. CapFi Lending is an Austin-based broker…
Many FHA and VA loans can be assumed by a qualified buyer. Here’s how assumptions work in Central Texas, how to cover the seller’s equity, and when a new loan is the better call.
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…
