A Vacation Home Is Closer Than You May Think

vacation homeIt is easy to sit back and imagine yourself sitting on beachfront property or in a cabin on an idyllic mountain. While the thought of owning your own vacation property certainly sounds perfect, it can admittedly feel daunting. After all, if you are still paying your mortgage on your primary residence, the thought of taking out another or freeing up cash is difficult. With that said, purchasing a second home is more attainable than you might think. In today’s blog, Family Home Loan Texas talks about the ways you can pay for a second home and the reasons it may not be as arduous as you might think. (more…)

Do You Need Homeowners Insurance?

homeowner's insuranceIf you have never owned a home, the checklist of things you need to do before buying one in addition to what you need once you do can seem daunting. Luckily, there are many resources available to help you stay on track throughout the entire process. One particularly important element of homeownership is maintaining insurance. This is not only recommended but is also required by mortgage companies before you take out a loan. In today’s blog, Family Home Loan Texas talks about the importance of homeowners insurance and what it covers. (more…)

Fixed-Rate And Adjustable-Rate Mortgages

mortgage loanIf you have a mortgage, you are certainly paying interest on it. This is true for all loans, as it incentivizes lenders to provide you with the funds you need. It also gives them security should the loan default. Long-term interest rates are primarily determined by the demand for U.S. Treasury notes, and they fluctuate accordingly. There is currently high demand, which is why interest rates are currently very low. This is advantageous for buyers at the moment, but there is still some nuance to understand about the types of mortgage loans available to you. In today’s blog, Family Home Loan Texas discusses the differences between fixed-rate and adjustable-rate mortgages and how to decide what is best for you. (more…)

Fun Family Events In DFW This Weekend

community blogIt is almost the weekend, once again, so that means it is time for another community blog. We survived the snow and ice of last week, and now there is no sign the temperature ever dropped below fifty — oh the joys of living in North Texas. Now that there are no driving risks, this is a great time to explore the myriad fun, family-friendly events happening throughout DFW this weekend. In today’s community blog, Family Home Loan Texas explores some of the premier events going on throughout North Texas this weekend. (more…)

Reverse Mortgage Myths And Misconceptions

Reverse MortgageReverse mortgages have gotten a bad reputation over the years, and a lot of it is rooted in myths and misinformation. This is particularly unfortunate because they are actually very helpful for those who qualify. They provide a way to free up necessary funds that can cover major expenses and can help you live your retirement to its fullest — without having to worry about the limitations of a fixed income. In today’s blog, Family Home Loan Texas sets the record straight and discusses the persisting myths that surround these helpful loans. (more…)

Do You Qualify For A VA Loan?

VA LoanWhen you are in the market for a new home, the listed prices can seem dizzying. After all, not many of us have the cash to pay outright, so we turn to mortgage loans. Though these are incredibly helpful and necessary, even the down payment amounts can seem daunting. Though the payment for a conventional, traditional mortgage is around 20%, there are other loans available that offer lower down payments and other incentives. One of the most helpful and generous of these is a VA Loan, which is available to veterans their spouses, and others who meet eligibility requirements. In today’s blog, Family Home Loan Texas talks about the benefits of these loans and how to know if you qualify. (more…)

What Are The 2022 Home Loan Trends?

home trendsIn our previous blog, we discussed navigating the housing market in DFW. If you have been following real estate news and prices in general, you’ve probably noticed that prices are significantly higher than they have been and that it seems like there are fewer homes on the market than there had been previously. With the pandemic, most things feel turbulent lately, and this includes the housing market. With this in mind, in today’s blog, Family Home Loan Texas talks about the real estate and home loan trends that we expect for 2022. (more…)

Navigating The DFW Housing Market

DFW Housing MarketIf you live in DFW or you regularly follow real estate news, you are likely aware that something is going on in the housing market — namely, that house prices are up dramatically. There is a litany of reasons for this, but one of the major ones is that there is something of a housing shortage. In other words, the amount of available houses dwindles in comparison to the number of buyers. To stay competitive, some buyers are even eschewing common practices like completing home inspections and are just offering to buy outright. We know this can be a lot, so in today’s blog, Family Home Texas discusses the ways we can help you navigate the DFW Housing Market. (more…)

Enjoy Yourself This Weekend In DFW

community blogThe weekend is finally near, so you know what that means: another installment of our community blog. If you do not know, each week, we highlight great family-friendly events happening all across North Texas. Luckily the days will be relatively warm this weekend, so the cold shouldn’t be too much of a deterrent. Going out at night, however, will be a different story. Regardless of the temperatures, there are a lot of fun events happening this weekend, so we hope you take the time to enjoy yourself. In today’s community blog, Family Home Loan Texas highlights some of our favorite family-friendly activities going on over the next few days. (more…)

FHA Loans Can Make Buying A Home Possible

fha loanWe understand that the prospect of buying a house, especially for potential new homeowners, may seem unattainable for many. It is a major undertaking and could very likely be the largest purchase you’ve ever considered making. This often turns people away from the idea, as they assume they simply can’t make it work. While purchasing a home certainly requires a stable financial situation, it is probably more within your reach than you may expect. In today’s blog, Family Home Loan Texas discusses how FHA Loans can help make buying a house possible for many individuals. (more…)