Texas Home Equity Cash Out Refinance with Mortgage Mark

Texas Home Equity Cash Out Refinance (A6)

Texas Home Equity Loan Overview A home equity cash out refinance home loan on a primary residence in Texas is a unique loan. The Texas Constitution has mandatory guidelines for these loan in Section 50(a)(6); hence the “A6” designation. Below is the “fine” print and “Need to Knows” behind these mortgages. Other Items to Note […]

Closing Cost Overview With Dallas Top Mortgage Lender

Closing Costs Overview

There are three components that make up the “costs” for every home loan closing: the down payment (or equity for refinances), closing costs, and prepaids. The Mortgage Down Payment (or equity) is determined by you, the borrower. The Closing Costs are the actual fees for the home loan and will vary depending on the purpose, product, […]

Refinancing Your Home With Top Mortgage Lender in Dallas TX

Should I Refinance My Mortgage?

This page is to serve as a guide to answer the question “Should I refinance my mortgage” and help you determine the true financial benefit of a rate-and-term refinance  (i.e. a refinance that either lowers your mortgage interest rate or changes the term of your mortgage). If you ultimately want us to do the work (and we […]

Down Payment with Dallas Top Lender

Mortgage Down Payments

So you’re buying a home and trying to determine how much you should put for a mortgage down payment. Below are the basic down-payment guidelines for various loans programs, AND a few of our opinions about how much you should (or shouldn’t) put down for a down payment. The funds due at closing consists of […]

Property Tax Basics

Property Tax Basics Paying property taxes is part of home ownership and the taxes help fund the city, county, schools, and hospitals. Taxes are either paid directly to the taxing authorities or via an Escrow Account. When purchasing a home the property taxes that are paid at closing are classified as Prepaids in the mortgage Closing Costs. […]

Escrow Analysis and Rebalance with Best Mortgage Lender in Dallas Small 200x200

Escrow Analysis and Rebalance

Escrow Analysis And Rebalance If you currently have a mortgage AND have an Escrow Account then this page may be applicable to you. You may also want to check out our page on New Construction Escrows if you bought (or are buying) a newly constructed home. Escrow Analysis Every year, typically around February, mortgage servicers […]

Property Tax Home Valuation Dallas Real Estate and Top Lender in Dallas

Property Tax Home Valuations

Part of home ownership is paying property taxes and how much you pay in property taxes is determined by the tax rate and the county’s assessed value for your home. There are two ways to reduce your property taxes: 1) vote in local elections to keep the tax rate down, and 2) contest your property […]

Prepaids For A Mortgage Home Loan With Top Mortgage Lender In Dallas 200 x 200

Mortgage Prepaids

Mortgage Prepaids When purchasing or refinancing a mortgage home loan there are Closing Costs and there Prepaids. Closing costs are fees incurred for purchasing the property and prepaids are costs incurred for home ownership. In other words, even if you paid cash for a home you would still owe the prepaids (with the exception of […]

Escrow Accounts with Best Mortgage Lender in Dallas and Collin County Real Estate 200 x 200

Escrow Accounts

Escrow Accounts A mortgage escrow account is a reserve account held by the mortgage servicer on behalf of the homeowner and is considered part of the Mortgage Prepaids. An escrow account contains the homeowner’s funds that are used to pay the annual property taxes and homeowners insurance when the bills come due. While these funds technically belong […]