When homebuyers are seeking low or no down payment mortgage loans to buy a home, the FHA, Federal Housing Administration, and VA, Veterans Administration, loans come to mind most often. One that rarely gets attention because it is not widely known [...]
Purchasing a home is an exciting milestone in life, but it is important to have your home inspected before you seal the deal and commit to closing on it. Completing a home inspection is perhaps one of the most crucial steps in the closing process [...]
If your debts are dragging you down and there seems to be no end in sight, it’s easy to be tempted by the solutions offered by debt consolidation loan companies. There’s no doubt that these loans can ease your worries and lead to a clearer [...]
FHA loans are insured by the Federal Housing Administration and are designed to help low-income homebuyers get a home loan. If you’ve never had an FHA loan before, you may be eligible for one even if you don’t think your credit score is high [...]
Having an excellent credit score offers opportunities that a poor score cannot. Consumers with good credit receive affordable interest rates, faster loan approval, and higher credit limits. How you spend your money and pay your debts impacts your [...]
Interest Rates. Points. Down Payments. FHA, FDA, Freddie Mac, VA.... The acronyms, 'industry terms', and details of the options you have for a home mortgage seem endless. Don't let the terms and details intimidate you! Texas Equity Group is [...]
What Is a Fixed-Rate Mortgage? The term "fixed-rate mortgage" refers to a home loan that has a fixed interest rate for the entire term of the loan. This means the mortgage carries a constant interest rate from beginning to end. Terms [...]
What Is an Adjustable-Rate Mortgage (ARM)? An adjustable-rate mortgage (ARM) is a type of mortgage in which the interest rate applied on the outstanding balance varies throughout the life of the loan. With an adjustable-rate mortgage, the [...]
Federal Housing Administration (FHA), agency within the U.S. Department of Housing and Urban Development (HUD) that was established by the National Housing Act on June 27, 1934 to facilitate home financing, improve housing [...]
The United States Department of Veterans Affairs (VA) is a federal Cabinet-level agency that provides integrated life-long healthcare services to eligible military veterans at the 1700 VA medical centers and outpatient [...]