Texas Real Estate
Last updated: November 23, 2025
Last updated: 06/19/2025 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 … Read more
Last updated: November 23, 2025
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
Last updated: November 23, 2025
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
Last updated: November 23, 2025
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
Last updated: November 23, 2025
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
Last updated: November 23, 2025
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
Last updated: November 23, 2025
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
Last updated: November 23, 2025
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.
Last updated: November 23, 2025
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.
Last updated: November 23, 2025
Balloon payment mortgages differ from traditional mortgages in several key ways. Here are the primary differences: