Are you an Early Retiree who's ready to move? Should I take Money Out of My 401(k) To Purchase a New Home? In almost all cases, drawing from your retirement, or 401(k), account is not a good idea. Saving money through a 401(k) provides opportunities for tax breaks and employer contributions, but requires discipline [...]
Is a "Cash Out" Refinance Right for You? There are a number of different refinancing options available to homeowners. Some popular ones are: 15 and 30 year mortgage refinances, cash-in refinancing, short refinancing, and lastly, cash out refinancing. Cash Out Refinancing is a great way to access money you have tied up in your mortgage [...]
Low Down Payment on a Jumbo Mortgage The jumbo property market in Texas is in much better shape than most markets around the country. However, sales are still slow in the upper end for a few reasons. But, one of the least discussed is the large down payment and reserve requirements for jumbo mortgages. The [...]
Finding the Best Jumbo Mortgage Rates in Texas Non-conforming loans or Jumbo loans are loans with higher dollar amounts which may not be sold to Fannie Mae or Freddie Mac. A Texas Mortgage that is above the conforming loan limit of $417,000 for the year 2010 is considered to be a Jumbo loan. Non-conforming Texas [...]
The Good Neighbor Next Door Sales (GNND) program is a federal revitalization initiative through HUD that provides homeownership at a substantial discount to qualified buyers. Under this Texas Home Loan program, HUD offers a 50% discount on the list price of a qualified home as long as the buyer commits to live in the property [...]
