Mortgage Loan Assumption At a Glance Mortgage Loan assumption lets a buyer take over the existing mortgage Government-backed loans offer more flexible assumption options Conventional fixed-rate loans rarely permit assumptions Adjustable-rate mortgages may become assumable Non-sale inheritance transfers can bypass…
Choosing between fixed-rate and adjustable-rate mortgages is one of the most significant decisions when selecting a mortgage. Today, let's explore the key factors to consider when choosing between fixed-rate and adjustable-rate mortgages, including your financial goals, current interest rates, monthly…
Mortgage Rates Today Houston: Unlock the Secrets to the Best Rates is your go-to guide for securing Houston, Texas's most competitive mortgage rates. Specifically, let's focus on how to get the best mortgage rates today in Houston. We have compiled…
Mortgage Escrow Account – Key Takeaways A mortgage escrow account, or a “bank escrow,” is a financial buffer for property taxes and insurance payments. The money in the account technically belongs to the borrower but is managed by the lender.…
Key Takeaways: FHA MIP costs were reduced from 0.85% to 0.55% Potential savings of up to $1,056 annually and $31,680 for a $350,000 30yr mortgage. In Texas, FHA loan limits are $472,030 for single-family FHA home loans. Federal Housing Administration…
Key Takeaways Mortgage interest rates in Houston, including current FHA mortgage rates in Texas, are constantly changing. Silver Mortgage, a trusted mortgage lender in Houston, offers personalized assistance to help you understand the current market for the best mortgage interest…
Reverse Mortgage Eligibility Understanding Reverse Mortgage Eligibility for an FHA (Federal Housing Administration) HECM (Home Equity Conversion Mortgage) is crucial for homeowners considering this financial option. Let's explore the requirements related to age, homeownership, and primary residence for reverse mortgage…
DSCR Mortgage Loans Debt Service Coverage Ratio (DSCR) mortgage loans are an essential financing tool for real estate investors and business owners, particularly in states like Texas and Florida. DSCR loans are based on the property's ability to generate income…
APR and Mortgages: APR stands for Annual Percentage Rate, and it represents the cost of a mortgage over the life of the loan, including the interest rate and other associated fees or charges. APR is a standardized way of expressing the cost…
