Unlock Savings: Essential Tips for Mortgage Rate Locks
When it comes to mortgage rates, many people assume that once they start talking to a lender, they’re locked into a fixed rate. However, mortgage rates are far from static. Just like the stock market, they’re constantly fluctuating, and understanding how rate locks work can make a significant difference in your financial savings. The Truth…
Read MoreIs Your HOA Payment Included in Escrow?
When buying a home, there’s often confusion about what’s included in your escrow account, particularly regarding Homeowners Association (HOA) dues. Many people assume that, like property taxes and homeowners insurance, their HOA fees will be collected monthly as part of their escrow payments. However, this is a common misconception. HOA Payments and Escrow: What’s the…
Read MoreThe Benefits to Owning an Investment Property or Vacation Home
When it comes to investing in real estate, many people consider the potential of owning an investment property or vacation home. Not only can these properties offer financial benefits, but they also provide unique opportunities for personal enjoyment and long-term family legacy. Here’s why owning an investment property or vacation home can be a smart…
Read MoreHow Does Your Tax Rate Impact Your Monthly Mortgage Payment? | Mortgage Math with Collette
Welcome to Mortgage Math, with Mortgage Expert, Collette Horton! Let’s break down how your tax rate significantly impacts your monthly mortgage payment. Sometimes it can mean the difference of HUNDREDS of dollars per month! When you’re planning to buy a home, one of the most crucial factors to consider is how your tax…
Read More4 Home Buying Tips Everyone Should Know
Buying a home is one of the most significant financial decisions you’ll ever make. To help you navigate this journey, we’ve compiled four essential tips that every homebuyer should know. Whether you’re a first-time buyer or looking to upgrade, these insights will ensure a smoother and more successful experience. 1. Get Pre-approved Before You Start…
Read MoreIs Homeownership Your Best Hedge Against Inflation…?
Buying a home is the most expensive and important financial transaction most people will ever make. It’s also the strongest tool and best hedge they will have in their portfolio to fight inflation. While money invested in a stock may go down, historically, your home appreciates in value over the long-term. And as you build…
Read MoreThe Essential Guide for Houston First-Time Homebuyers
Buying your first home in Houston is an exciting milestone, but it can also be a daunting process filled with new terminology and important decisions. To help you navigate this journey, we’ve put together an essential guide for first-time homebuyers in Houston. Follow these steps to make your home-buying experience as smooth and enjoyable as…
Read MoreThe 10 Commandments of Mortgage: Navigating Your Path to Homeownership
Welcome to the definitive guide for all prospective homeowners! I’m Collette Horton from Liberty Star Mortgage, and today, we’re delving into the essential principles that every buyer should follow when venturing into the realm of real estate and mortgages. These rules aren’t just suggestions—they are the cornerstone of a smooth and successful home buying experience.…
Read MoreWhy You Should Avoid Big Purchases Before Closing on Your Home
Buying a home is a major milestone, and the process can be both exciting and stressful. One crucial aspect to keep in mind is the impact of your financial decisions leading up to the closing date. Making big purchases before closing on a home can jeopardize your mortgage approval and delay your move-in date. Here’s…
Read MoreUnderstanding FHA Loans: A Comprehensive Guide for Homebuyers
Are you considering buying a home but worried about high down payments and stringent credit requirements? If so, an FHA loan might be the solution you’ve been searching for. In this guide, we’ll break down everything you need to know about FHA loans and how they can help you achieve your dream of homeownership. What…
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