Weekly Column #4: Dodd-Frank’s Eroding Power and You

The year was 2007 and America was celebrating a high financial point by spending every last nickel it could find on everything under the sun. Housing prices soared, so much so that a big part of the market was priced out of purchasing, and in some areas, homes were under contract in a matter of hours for amounts way over their asking price.


It was a non-stop PAR-TAY, especially if you were in the banking, insurance, and real estate sector. Then, one day in June, I went to a closing with my buyer and it all came crashing down. My banker was never, ever late, so this alone alarmed me that morning. Was he injured? Some kind of family emergency?

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How Millennials Can Get a Home Loan in 2018

Rather than starting out with some tired joke about Millennials and diamonds, Millennials and Ramen, or Millennials and their useless college degrees -- we’re actually here to give you some good news.

Millennials have a fantastic advantage when it comes to purchasing a home in 2018.

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Weekly Column #3: Is It A Good Time to Buy or Sell? Some Economic Indicators That Can Help

At least once a year, without fail, I’m asked to write a piece about whether or not it’s the right time to buy a home, get a mortgage or sell a home. This is life in the fast lane when you’re a writer with a lending and real estate background. Everybody wants an answer to THE burning question--it appears in search constantly. Site owners want to be able to give readers something that can help them figure out their current financial picture (while encouraging them to click on said site link)

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Thinking about Getting a Home Equity Line of Credit? Here Are the Most Important Factors to Consider.

A home equity line of credit, or HELOC, is a revolving line of credit that’s secured by the equity in your home. Think of it as a secured credit card, with your home acting as collateral.

Just like with a credit card, you’ll have a limit. This limit represents the equity in your home. You can tap it as frequently as you want, provided you have the available balance. When you pay down your balance, that amount of money is credited to your HELOC and you can spend it again later.

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Here’s What You Have to Consider Before Taking Out a Home Improvement Loan

Whether you’re looking at a Fannie Mae HomeStyle loan, an FHA 203k, or a good old home equity loan -- borrowing to make home improvements isn’t a decision to take lightly.

For any of these types of loans, the most important question any home buyer can ask is “What sort of house improvement can I buy with this loan?” The reason: it’s all too easy for a buyer to jump into a renovation loan in order to buy an extreme fixer-upper, without realizing that the house may be a total disaster.

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Weekly Column #2: FHA’s Mortgage Insurance is in the News Again

I keep a pretty close eye on economic data when it comes to housing and lending (kinda my job), but I’ve been especially eagle-eyed in the last couple of months as my husband and I are getting ready to get ready to buy a house in our adopted home of Dallas-Fort Worth, Texas. The market here is complex, so I don’t want to rush things, you know?

Of course you do.

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How to Get Started Applying for an FHA Loan

If you’re interested in getting an FHA mortgage loan to buy a home, you aren’t alone. Borrowers across the U.S. are intrigued by FHA loans for several reasons, including their incredibly low down payment requirements and the fact that you don’t need perfect credit to apply.

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Why You Should Buy a Home in 2018

While the U.S. financial crisis began over 10 years ago, many Americans are still a little worried about the idea of buying a home. After all, the crisis led to home prices falling more than 40% in some of the country’s top markets -- and no one wants to buy something that will drop significantly in value just a few years later.

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Should You Pay Off Your Mortgage or Invest Your Extra Money?

If you’ve recently gotten a windfall -- say, a big work bonus, or an inheritance from a long-lost uncle -- you might be wondering whether to pay off your mortgage, or invest the extra cash in order to make more money in the future.

When it comes to deciding the best way to spend your extra money, there are several factors to take into account. This includes the type of mortgage you currently have, your personal appetite for risk, and how much you expect to get from your potential investment. We’ll help you make the call.

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Is It Legal to Rent Your Home Out to Pay Your Mortgage?

Maybe you’re having trouble making your mortgage payments. Maybe you just want to downsize. Or maybe you simply want to escape your everyday routine and travel the world for a year. Regardless of your circumstance, renting out your home to pay your mortgage has never been a more popular option. But before you rush to list your house on Zillow and Trulia, know that renting your home could actually land you in trouble -- if you don’t take the right precautions first.

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Working with a Mortgage Broker: How Do They Operate?

If you’ve been looking for a home loan, you’ve most likely heard the term mortgage broker on more than one occasion. But what is a mortgage broker? Can they help you get a better home loan than if you simply went to your bank? Let’s take a look!

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Weekly Column #1: Predicting Changes to Interest Rates

Trying to predict what the real estate market is going to do is a bit like trying to nail a runny egg to a tree. Nevertheless, buyers are often asking real estate experts questions like “is it a good time to buy a house?” These market-related questions have as many answers as they have askers -- the industry as a whole is a slippery beast.

With this new and exciting column from Home.Loans, we’re going to tackle those animals, as well as help you understand the information that experts rely on to forecast trends. Let’s go!

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A No-Nonsense Guide to the Different Types of Mortgages (Part Five)

In part four of our “Different Types of Mortgages” series, we talked about home loans for refinancing, and home equity loan products. In the fifth and final part of our no-nonsense mortgage guide, we name a few more uncommon types of mortgages on the market.

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A No-Nonsense Guide to the Different Types of Mortgages (Part Four)

In part three of our “Different Types of Mortgages” series, we talked about conforming loans, jumbo loans, and super jumbo loans. Now, we’ll share some of the other types of mortgages that aren’t used for buying a residence -- from refinancing loans to home equity products.

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A No-Nonsense Guide to the Different Types of Mortgages (Part Three)

In part two of our “Different Types of Mortgages” series, we talked about government insured loans and conventional loans. The next category of mortgages is based on size: do you need a jumbo loan, or a conforming loan?

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A No-Nonsense Guide to the Different Types of Mortgages (Part Two)

In part one of our “Different Types of Mortgages” series, we talked about fixed and adjustable rate mortgages. The next important consideration when looking at your mortgage options is whether to go for a government-insured home loan, or a conventional one.

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A No-Nonsense Guide to the Different Types of Mortgages (Part One)

When it comes to buying a home in 2018, the average American has more home loan options than ever before. Unfortunately, more choice isn’t always better. With many options come many questions, especially if you’re a first time home buyer and not a veteran of the mortgage game. Thats where our ultimate guide to mortgages comes in! Our 5 part series will delve into the nitty gritties of the many types of mortgages on the market.

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The 5 Best FHA Lenders in Texas

If you’re looking for a great home loan in Texas, you’re not alone. Right now, the Lone Star State is home to more than 28 million people. The housing market is relatively hot, with home prices having increased a solid 7 percent between June of 2017 and 2018. In this article, we’ll review the best FHA approved lenders in Texas and how they can help guide you on your quest to homeownership.

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Is a 40-Year Mortgage for Real? How and When You Might Consider One

The most common type of mortgage for first time home buyers and longtime homeowners alike is the U.S. is the classic 30-year fixed-rate home loan. The 15-year fixed-rate mortgage is another popular home loan option, followed by the somewhat less common 20- and 25-year mortgages.

One of the types of mortgages that’s a lot less talked about is the 40-year mortgage -- and no, it isn’t a fairy tale or myth. 40-year mortgages do exist, but that doesn’t mean that they’re a good choice for everyone.

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All About Home Loans for First-Time Home Buyers

Being a first-time home buyer is a glorious time in your life. You’re on a solid path with your career, you’ve managed to save a little money, and maybe (dare we say it?) you’ve come to enjoy tracking your credit score. As a responsible, independent adult, you’re tired of living under the rule of your landlord -- so now it’s time to get out on your own and buy a home!

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5 DIY Home Improvement Hacks You'd Never Believe

DIY projects are all about becoming a more creative and inventive version of your regular desk mounted self. Oh, sure, during the week you’re Bob from Accounting, but on the weekend? That’s when you transform into Bob the Resourceful DIY Guy. This article is for all the Bobs (and Bobbies) out there.

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PMI vs MIP: What You Need to Know, and How Homebuyers Can Save Thousands

There’s an epic battle raging in the mortgage world between two fierce and unyielding opponents: PMI and MIP. Both do essentially the same thing, but they aren’t the same. Let’s take a walk through both camps to get a better understanding of these much-maligned mortgage insurances.

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Tiny Home Financing for First-Time Home Buyers

You thought your college apartment was tiny--that is, until you started seeing tiny homes pop up everywhere. They make that apartment look like a mansion by comparison. Financing them, on the other hand, isn’t so attractive all the time. Let us help you make your little dreams come true.

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The 8 Most Important Things to Know Before Building a Shipping Container Home

Right now, shipping container homes have never been hotter. With the average price of owning a home in the U.S. sitting around $257,000, and the price of buying a brand new home sitting at $407,000, it’s only natural that people are flocking to a more cost-friendly alternative. Shipping containers, by contrast, may cost as little as $1,400 each, and you might not even need that many to make a beautiful and spacious home.


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Renting Vs. Buying a Home: The Pros and Cons of Each

Vanilla or chocolate ice cream? Coke or pepsi? Renting or buying a home? These are some of the world’s biggest debates -- but unlike choosing an ice cream flavor or a brand of soda, the decision of whether to rent or buy could affect your financial future for decades to come.

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The 9 Most Affordable (and Awesome) Cities for Buying a Home

When it comes to buying the perfect home, location is one of the most important variables. And, with home prices across the country on the rise, many people want to look to places where they’ll get the most bang for their buck -- a nice house and a great city to live in, too.

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Home Equity Loans and Bad Credit: How and Where to Get One

HELoans and HELOCs are types of home equity loans. Use the difference between what you owe on your home and what it’s worth to finance home improvements, large purchases, etc. Shop around for best rates if you have bad credit.

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Ask Home.Loans: How Does Refinancing Work?

Your home is your castle, but sometimes even the best castles can stand to have the moat dug out a little deeper or their battlements reinforced after a particularly harrowing attack by marauding knights. Borrowing money for those items on your credit alone can be tricky, which is why banks offer you multiple options to tap your home’s equity, including the choice to refinance your current mortgage.

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How to Refinance Your Mortgage the Easy Way

If you want to save money on your mortgage or access some of the equity in your home, refinancing your mortgage could be a vital step in your journey. There are a variety of things that make home refinancing a popular financial tool -- and today, we’ll get into how and why you might want to consider refinancing.

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