Austin Texas Mortgage Rates Today’s Texas Current Mortgage Rates (May 2, 2008) Austin, Texas

Now might be a great time to refinance your home loan or pull “cash out” with a home equity loan. Both the 30 and 15 year home loan rates are below 6%.

We do home loans all over Texas and are based out of Austin, Tx.   Please call us now at 512-996-8194.

Mortgage Rates change all the time, however Today’s 30 year mortgage rate is between 5.875%-6.00% depending on your credit. The lowest mortgage rate is the 15 year rate at 5.37%-5.5%. Of course, if you want a 10 or 20 year home loan, we offer these too.

If you currently have a 30 year mortgage and would like to refinance to a 15 year loan please call my office at 512-996-8194. Mylendingplace.com

Now that gas prices are moving towards $4.00 gallon you may want use these low rates to redo your entire financial situation. Refinance your home to a lower rate, move from a 30 year mortgage to a 15 year home loan, and and pull cash out to pay off all your non-tax deductible debt. 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

100% financing is still available up to 417,000.  But is it a good idea?   

Phone is 512-577-2958 | jon@mylendingplace.com

When I started Mylendingplace over 3 years ago, I decided I wanted to do “good loans”.  Or Home loans that really helped people move forward toward their overall financial goals.   Remember, a mortgage is either a 15-30 year debt instrument or a financial tool.  It can be a 30 year debt loan or a tool to bigger, better things like getting out of  debt, saving for college, retirement. 

Any licensed mortgage person can do a home loan, it’s how the mortgage is constructed or designed that’s important.    In this post, let’s explore the question “how much is the right amount to put down on a home.”

Let’s compare the following:   80/20 loans (100% financing) or 10% down home loans.           Read the rest of this entry »