For many, owning an investment property is a great way to generate passive income. After you put down the initial money to purchase it, you can either sit back and collect rent or you can spruce it up, wait for the property to appreciate in value, and then sell for a profit. While this certainly sounds attractive to many people, actually funding the property can seem daunting. Taking out a new loan when you already have a mortgage is a big step, but it is certainly attainable. In today’s blog, Family Home Loan Texas discusses the benefits of an investment property and how we can help you finance one. (more…)
What Are Your Refinancing Options?
Refinancing a mortgage loan can be a helpful way to save money over a long period of time. If you plan on owning a home for a long time, there is a good chance that the initial terms of your mortgage — when you first got it — might not remain ideal over the years. If interest rates drop or you increase your income to where you can pay off the loan quicker than originally planned, refinancing your loan could be advantageous. In today’s blog, Family Home Loan Texas discusses the different refinancing options that you can choose. (more…)
Enjoy This Weekend With Your Family
We are now in the familiar lull between Thanksgiving and Christmas where we have the time to charge our social batteries and prepare for the upcoming holidays. Whether you are trying to wrap up projects before the New Year, or you are scrambling to buy gifts, it is a busy time. With that in mind, it is important to still indulge in fun activities when you can. In today’s community blog, Family Home Loan Texas discusses what family-friendly events are happening across North Texas. (more…)
How Do I Find The Right Loan For My Family?
When you are looking at the mortgages available to you, you could easily feel overwhelmed by the number of choices. There are seemingly endless kinds — each meeting different financial needs and having different eligibility requirements. With that in mind, there are several more common ones that you will be able to choose from, narrowing down your list. In today’s blog, Family Home Loan Texas discusses the most common loans and will help you figure out the one that will work best for you and your family. (more…)
How Much Money Do I Need To Buy A House?
Homeownership is something most Americans strive for; we all want a piece of property that we can call our own. However, looking at the cost of homes can be a daunting exercise. With six-figure pricetags, purchasing a house is a major investment. Luckily, with mortgages and monthly payments, buying a house is not just for those who can pay for it all upfront with cash. That said, it is important to understand what you can afford, so you can still cover other important expenses. In today’s blog, Family Home Loan Texas talks about how much money you need to buy a house. (more…)
What To Know About Homeowners Insurance
Having homeowners insurance is an essential (and mandatory) part of owning a home. It not only covers your home and belongings in case of damage or theft but it is also required by mortgage companies before they give you a loan. Because of this, you should factor its cost in when determining what your overall monthly payments will be. In today’s blog, Family Home Loan Texas discusses everything you should know about homeowners insurance. (more…)
What To Do This Weekend In North Texas
Welcome back to another community blog post! Even though Thanksgiving hasn’t even arrived yet, some family-friendly holiday events are starting to pop up all around the DFW Metroplex. We will certainly write about more of them as we move into December, but we figured we’d kick things off with a couple this week. In addition to these, there are some other, incredible happenings going on this weekend, and we are excited to share them with you. In today’s community blog, Family Home Loan Texas talks about all the events that you will certainly want to take the family to in the next couple of days. (more…)
What Goes Into Your Monthly Payments?
When you are looking at purchasing a home, the price likely seems astronomical; after all, very few people have hundreds of thousands of dollars available to put towards a home. Because of this, most individuals need a mortgage — which is paid each month until they attain full equity in their home. In today’s blog, Family Home Loan Texas discusses the various components that make up your total monthly mortgage payment.
How To Finance An Investment Property
Owning an investment property is a great way to generate passive income. Not only is it safe compared to a fluctuating stock market, but it also allows you to receive either monthly money from rent or from a large sum when you flip a property. While this has many perks, it can be difficult to make the purchase initially because there is more red tape than with a traditional home purchase or even with a second home. In today’s blog, Family Home Loan Texas discusses how you can finance an investment property. (more…)
Family Friendly Events Happening This Weekend
It is almost the weekend, which means it is time for another installment of our weekly community blog. In the next few days, there are myriad events that you and the whole family will love. From quiet artistic outings to adrenaline-pumping extravaganzas, you’ll certainly want to venture out of the house this weekend. In today’s community blog, Family Home Loan Texas gives the rundown on some particularly fun local adventures you are sure to love. (more…)
