Renting an apartment or a house is how most of us spend our early adulthood. After all, not many 19-year-olds can afford a down payment on a house, and renting provides the flexibility that most young adults require. Whether you are a college student moving from one apartment to the next as roommates come and go or you have a  job that requires you to travel, there are numerous reasons that make renting a great option. As you become older, however, the need for this flexibility lessens, and owning a home starts looking increasingly alluring. While everyone has unique needs — especially financially — that influence whether owning or renting a home is viable, there are certain concrete criteria that you should consider when deciding which route to take. In today’s blog, Family Home Loan Texas looks at and talks about what you need to keep in mind when figuring out if you should continue renting or opt to buy. (more…)

Looking at home prices — particularly in North Texas — can be a shock. While you are surely aware that you do not have to pay the total cost of the house upfront, the numbers are still staggering. Many of us consider the costs broken down into two parts: the down payment and monthly mortgage payments. While this is certainly true, there are additional costs that you need to be aware of. Therefore, it is important to understand all of the things you should expect to pay for and budget appropriately. In today’s blog, Family Home Loan Texas discusses what you need to budget for when buying a home.  (more…)

Buying a house is incredibly exciting; after all, you are finding a place that you love enough to call home. While this is certainly true, the actual purchasing process can be tricky and stressful. From navigating escrow to finding appraisers to more, there is a lot that buyers have to keep in mind. An often overlooked part of buying a house is protecting yourself should any issues arise with the seller’s title to the home. There is nothing to worry about in most cases, but you still want to protect yourself should a problem with the title arise. Luckily, title insurance can keep you safe and worry-free. In today’s blog, Family Home Loan Texas discusses title insurance and how it can protect you if problems with the sale occur. (more…)

The home buying process can seem daunting, especially for those who have not been through it before. It is admittedly complex, and there are more steps involved than you may expect. Because of this, it is essential to learn as much as you can before beginning this journey, so you do not find yourself overwhelmed or scrambling once it is underway. One of the steps that cause confusion for buyers is escrow. This occurs between the time the seller accepts your offer and when you get the keys to your new home. In today’s blog, Family Home Loan Texas discusses escrow and what you need to know about it before beginning the home buying process.  (more…)

Becoming a homeowner is a major responsibility, so there is a lot to consider before diving into this commitment. One of the most prevalent aspects of this jump that you’ll need to think about is the difference between renting and buying. If you have been going back and forth between the two options, you surely know that there is a lot to consider. This is an especially relevant topic for those living in North Texas, where home and rent prices have skyrocketed. Many find their monthly rents approaching the same levels as their friends or family’s mortgage payments. With this in mind, it is important to look at the advantages and disadvantages of each to better determine what is best for you and your future. In today’s blog, Family Home Loan Texas discusses the advantages and disadvantages of renting and buying. (more…)