Texas Real Estate
Are you dreaming of owning your own home but feeling overwhelmed by your options? Let us clear the confusion for you. When it comes to choosing a mortgage, we know you’ve heard of Freedom Mortgage. But here’s the truth: at Trealtorr Mortgage, we don’t just offer loans we offer personalized solutions because we care about … Read more
Are you ready to take the leap into homeownership, but feeling overwhelmed by all the conflicting information out there? You’re not alone! Many first-time buyers find themselves tangled in myths that can lead to confusion and hesitation. Let’s clear up some of the most common misconceptions about home loans: Myth #1: You Need a 20% … Read more
The housing market has been throwing curveballs lately. High interest rates, rising home prices, and inflation climbing back up to 3% (according to the latest consumer price index) have made it harder than ever to buy a home. These challenges are nudging more families toward multigenerational housing. According to a report from the National Association … Read more
Credit life insurance is a type of insurance that pays off a borrower’s debt if they pass away before the loan is repaid. It is typically offered by lenders when you take out a loan or credit, such as a mortgage, car loan, or personal loan. Related Affordable Mortgage Loans for First-Time Buyers FHA loan … Read more
Typically, after a foreclosure, you’ll need to wait about 7 years to qualify for a conventional mortgage, according to Fannie Mae and Freddie Mac guidelines. However, this waiting period can be shorter if you meet certain conditions or can demonstrate extenuating circumstances. For example: Related Hidden Gems or Legal Traps? What to Know Before Investing … Read more
A Convertible ARM (Adjustable-Rate Mortgage) is a type of adjustable-rate mortgage that includes an option for the borrower to convert it to a fixed-rate mortgage during a specified period of the loan term. This hybrid feature offers the borrower the initial benefit of lower rates associated with ARMs while providing the flexibility to lock in … Read more
The assessed value of a property is the value assigned to it by a public tax assessor for the purpose of determining property taxes. It’s a way for local governments to calculate how much you owe in taxes based on the worth of your property. Here’s how it works: For example:If a property has a … Read more
A balloon payment mortgage makes the most sense for borrowers who: This type of mortgage can be risky for those without a clear plan or backup strategy for managing the large payment due at the end of the loan term. Emoji Feedback Form What do you think? ❤️ 5 👍🏼 10 🤯 3 😡 2 … Read more
Borrowers taking a balloon payment mortgage most likely: It’s important for borrowers to have a clear plan for managing the large payment at the end of the loan term, as failure to pay the balloon payment can result in foreclosure. Emoji Feedback Form What do you think? ❤️ 5 👍🏼 10 🤯 3 😡 2 … Read more
Balloon payment mortgages differ from traditional mortgages in several key ways. Here are the primary differences: Emoji Feedback Form What do you think? ❤️ 5 👍🏼 10 🤯 3 😡 2 🤮 1 😂 8 😭 4 🙄 6