30 year fixed Mortgage Rates:  Austin, Texas

What in the world are mortgage rates doing?   Especially 30 year fixed loan rates?  

As you can see in these below mortgage charts, home loan rates aren’t exactly stable right now.  

In fact,  this is the type of market you really should consider working with a Texas mortgage broker (like me!) as opposed to a retail bank.  Why? 

Because mortgage brokers have numerous banks to offer you and should 30-year loan rates go up dramatically during your home’s purchase or refinance-we can take advantage of lower rates by simple using a different bank.   Plus mortgage brokers offer more types of loans than banks such as investment property refinancing or “NO PMI” mortgage. Read the rest of this entry »

Every mortgage or refinance needs a target; something larger we’re trying to accomplish beyond just buying/refinancing a home or investment property.

The best loan isn’t always the loan with the lowest rate.  The best loan is the one that moves forward financially.

Here are a few “Refinance Rules” you may want to consider.  These rules aren’t strict.  But they help to develop a focus.  Because a mortgage should not be an end in and of itself, but a means to a bigger end.   
Top Refinance Rules… #1) Eliminating Consumer Debt: (Non-tax deductible) #2) Have a Savings Cushion: Ideally 3-6 months in a liquid interest-bearing account. … Read the rest of this entry »