Texas Real Estate
Mortgage rates can change fast, and smart homebuyers know they do not always have to accept the first rate they see. With the right strategy, you may be able to lower your mortgage rate or reduce your monthly payment. If you are planning to buy soon, start by reviewing the documents needed for mortgage pre-approval … Read more
Fannie Mae just released its latest housing survey, showing Americans are cautious about buying homes right now. Why Rates Are Still High Even though the Federal Reserve has cut rates a few times, mortgage rates have stayed stubbornly near 7%, higher than many expected. Economic ups and downs, inflation, and market uncertainty are keeping rates … Read more
Texas Attorney General Ken Paxton and his wife, Angela, have drawn attention for claiming three separate homes—one near Dallas and two in Austin—as their primary residence on mortgage documents. This designation allowed the couple to secure lower interest rates, potentially saving tens of thousands over the life of the loans, according to public records. Mortgage … Read more
Key Details: Fact Info Individuals Involved Noreen Khan (aka Noreen Khan-Mayberry), 52, former NASA technical manager; Christopher Mayberry, 53, NASA contractor employee Crime Conspiracy to commit mortgage fraud via false statements and documents Timeline 2016–2021 Scheme – Took large personal loans to fund a luxury home purchase– Defaulted on loans quickly– Falsely claimed identity theft– … Read more
Key fact: The average 30-year fixed mortgage rate dropped to 6.35%, the lowest in almost a year. Lower rates give buyers more purchasing power, but home prices are still historically high. How Mortgage Rates Affect Buyers Rate Effect on Buyers Notes 6.35% Better than earlier this year Still higher than pre-pandemic levels 5–5.5% “Magic number” … Read more
The “5-year rule” refers to how FHA mortgage insurance (MIP) works on certain loans: 💡 Where the “5-year” idea comes from:Before 2013, FHA loans let you cancel mortgage insurance after 5 years AND when your loan balance reached 78% of the home’s value. Today, most FHA loans keep MIP much longer unless you refinance to … Read more
Good news — you don’t have to be “low income” to qualify for first-time home buyer programs in Texas. But there are limits depending on the program and county. 🏠 Typical Income Limits 💵 Texas First-Time Home Buyer Income Limits Single Buyer: $90K–$110K per year Household of 3+: $110K–$140K per year Varies by County: Limits … Read more
$100,000 Mortgage at 6% (30 Years) At 6% interest, a $100,000 mortgage works out to: 📊 $100,000 Mortgage at 6% (30-Year) Loan Amount: $100,000 Interest Rate: 6% Monthly Principal + Interest: ≈ $600 Estimated Total Payment: ≈ $700–$750 (incl. taxes & insurance) 💡 Trealtorr Tip: If we shop rates and find even a slightly lower … Read more
❌ What Can Disqualify You from an FHA Loan? FHA loans are flexible, but there are a few common disqualifiers to be aware of: 1️⃣ Low Credit Score 2️⃣ High Debt-to-Income (DTI) Ratio 3️⃣ Bankruptcy or Foreclosure 4️⃣ Unverifiable or Low Income 5️⃣ Property Issues 💡 Trealtorr Take Even if you have past credit issues, … Read more
Here’s the truth: it’s not about a single bank or lender — it’s about who works for YOU, not the bank. 💡 Why Trealtorr Wins 🏡 Banks vs Trealtorr Feature Banks Trealtorr Multiple Lender Options ❌ Only their own products ✅ Compare dozens to get lowest rate First-Time Buyer Programs ❌ Limited info ✅ All … Read more