TexasLending.com Offers Tips to Home Buyers Still on the Fence

TexasLending.comAccording to the professionals at TexasLending.com, the nation’s housing market is showing more and more signs of health, with home prices and sales on the rise.  These are all signs of a housing market that’s tipping back into balance between buyers and sellers, notes the team at TexasLending.com. Inventories are at their highest level in over a year which bodes well for rising home sales in the upcoming months as consumers are provided with more choices.

TexasLending.com also reports that 5.04 million homes sold in the U.S. in May – that’s the most since October 2013. Yet, some home buyers are still on the fence, wondering if now really is a good time to make a move.

The team at TexasLending.com encourages potential home buyers to take advantage of the still-low interest rates which are expected to rise over the next several years. Even a slight increase could mean hundreds of extra dollars per month on a comparative house payment. [Continue reading]

Q&A with Texas Lending: Mistakes That Can Ruin Your Credit Score

Texas LendingA good credit score can save hundreds or thousands of dollars by helping you get the best deal on a mortgage or car loan. On the other hand, a bad credit score can cost you money or even eliminate you as a candidate for a job. In this Q&A, Texas Lending explains which habits to avoid in order to make a credit score work in your favor.

Q:  What exactly is a credit score?

Texas Lending: A credit score is a three-digit number between 300 and 850 that measures how creditworthy you are.  The lower your score, the more you’ll pay for a loan.

Q: What is a common mistake people make that hurts their score?

Texas Lending: They co-sign a loan for someone else! Co-signing a loan for a relative or friend may not seem like a big deal when you do it, however, it’s important to remember that you are 100% liable for the balance of the loan if that person doesn’t make the payments. Not only could this have a negative impact on your credit score, creditors can sue you for the owed sum. [Continue reading]

TexasLending.com Says Second Mortgages are Right Choice for Many Homeowners

Texas Lending

Q: Is there one standard type of second mortgage available to homeowners? TexasLending.com: Second mortgages come in a number of different varieties and have been used for many reasons. One item of note: Second mortgages are often referred to as … [Continue reading]

Texas Lending (TexasLending.com) Encourages Clients to Consider an FHA Loan

Texas Lending

For Americans who wish to purchase a new home, Texas Lending (TexasLending.com) offers guidance and support by helping them obtain an FHA insured loan. The company and its service representatives have first-hand knowledge of the guidelines and … [Continue reading]

TexasLending.com Reviews History of VA (Veterans Assistance) Loans

TexasLending.com

Q: When were VA loans first insured? TexasLending.com: Starting in 1944, the Servicemen’s Readjustment Act allowed for a broad range of veteran benefits. The U.S. government has insured more than 18 million VA loans since the program’s … [Continue reading]

Texas Lending Shares Insight on Home Purchases in 2014

Texas Lending

Q: For homeowners and mortgage leaders, how bright is the future of the housing market? Texas Lending (TexasLending.com): A series of federal regulations set to debut in 2014 may have caused concern for those individuals who are considering a home … [Continue reading]