Austin, Texas Mortgage Rates | Texas Home Equity Rates | 30 year and 15 year fixed

President Bush plans to unveil his economic stimulus plan today.  http://news.yahoo.com/s/ap/20080118/ap_on_go_pr_wh/economy_stimulus

And mortgage rates are still at a 2 year low, making it a great time to buy, refinance, or consolidate debt with a home equity loan.   Texas has weird home equity laws so call me to see exactly how a Texas Home equity might help you.   The 15 year fixed rates are at 5%.   This is the typical 10% down loan with PMI (mortgage insurance) offered by Countrywide, Wells Fargo, Washington Mutual, etc.  As a Mortgage Broker,  I try to avoid PMI when possible.  To do so we can do a 80/10 or even an 80/20 to avoid PMI.   100% loans or an 80/20 mortgages have higher rates than 5% down loans.  

 If you’d like to get pre-qualified or if you have other mortgage questions,  please email jon@mylendingplace.com.   Or if you just want to review your credit report before you buy.     512.996.8194 | Cell is 512.577.2958

              Read the rest of this entry »

Today’s Texas Mortgage/ Home Equity 

Austin, Texas mortgage rates are at a 2 year low.   The 15 year fixed rate is below 5%.  

This is the typical 10% down loan with PMI (mortgage insurance) offered by Countrywide, Wells Fargo, Washington Mutual, etc.  As a Mortgage Broker,  I try to avoid PMI when possible and have lots of banks to use.   If you want to avoid PMI we can a 80/10 or even an 80/20.   80/20 Mortgages are good for those who have a limited down-payment or those who want to pay off consumer debt.

In Texas, 100% financing or an 80/20 mortgages have higher rates than 5% down loans.  

 If you’d like to get pre-qualified or if you have other mortgage questions,  please email jon@mylendingplace.com.   Or if you just want to review your credit report before you buy.     512.996.8194 | Cell is 512.577.2958

       Read the rest of this entry »

This is the typical 10% down loan with PMI (mortgage insurance) offered by Countrywide, Wells Fargo, Washington Mutual, etc.  As a Mortgage Broker,  I try to avoid PMI when possible.  To do so we can do a 80/10 or even an 80/20 to avoid PMI.   100% loans or an 80/20 mortgages have higher rates than 5% down loans.  

 If you’d like to get pre-qualified or if you have other mortgage questions,  please email jon@mylendingplace.com.   Or if you just want to review your credit report before you buy.     512.996.8194 | Cell is 512.577.2958

       Read the rest of this entry »

Austin Texas Mortgage rates hit 2 year low.  

http://www.mylendingplace.com |  Austin Home loan 512-996-8194