What Costs Are Actually in Your Monthly Mortgage Payment? Let’s Break Down the Total

Homebuyer Education

What Costs Are Actually in Your Monthly Mortgage Payment? Let’s Break Down the Total

monthly mortgage payment

At Liberty Star Mortgage, we’re often asked: “What exactly is included in my monthly mortgage payment?” Understanding the components of your mortgage can help you plan and budget with confidence, especially if you’re a first-time homebuyer. Here’s a breakdown of the four main costs that typically make up a monthly mortgage payment: 1. Principal &…

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How to Lower Your Mortgage Payment Without Refinancing: What Is a Mortgage Recast?

mortgage recast, mortgage loan options

When most homeowners think about lowering their mortgage payment, they immediately think of refinancing. But did you know there’s another option that doesn’t involve changing your loan term or interest rate? It’s called a mortgage recast, and it could be the solution you’re looking for. What Is a Mortgage Recast? A mortgage recast is when…

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Can You Roll Closing Costs Into Your Mortgage?

roll closing costs into your mortgage

One common question homebuyers ask is whether they can roll their closing costs and prepaid items into their loan. The answer? Yes and no; it depends on whether you’re purchasing or refinancing. How to Include Closing Costs in Your Home Purchase If you’re buying a home, you typically can’t add closing costs directly to your…

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Buying a Home While Separated in Texas: What You Need to Know

buying a home while separated in texas

If you’re going through a separation and considering buying a home, you might be wondering how it will affect the mortgage process. In Texas, there is no legal separation—you are either married, single, or divorced. This distinction matters because Texas is a community property state, meaning your spouse may still have a legal and financial…

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When Should You Start The Home Buying Process?

When Should You Start The Home Buying Process?

Many people know they want to buy a home, but aren’t sure when they should make that move. It’s a future goal, but figuring out when to start can be tricky. One thing is clear: the best time to call a loan officer is right now, even if you’re still in the early stages of…

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What to Do If Your Home Appraisal Comes in Lower Than the Purchase Price

What to Do If Your Home Appraisal Comes in Lower Than the Purchase Price

An appraisal is a key step in the home-buying process, determining the fair market value of the property. But what happens when the appraisal comes in lower than the agreed-upon purchase price? This scenario can create challenges, but with the right strategy, you can navigate them smoothly.   How Does a Low Appraisal Affect Your…

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Buying a Home with a Low Credit Score: What You Need to Know

Buying a Home, Low Credit Score, Liberty Star Mortgage, Homebuyer, Mortgage Tips, FHA Loans

If you have a low credit score, you may be wondering if homeownership is possible. The short answer? Yes, you can buy a home with a low credit score. But the real question is… should you? That depends on your financial situation, loan options, and long-term goals.   What is the Minimum Credit Score to…

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3 Reasons You Need a Real Estate Agent for Your Home Purchase

3 Reasons You Need A Real Estate Agent For Your Home Purchase

Recently, there’s been a lot of talk about whether real estate agents are necessary in today’s market. Some believe you can handle the process yourself, skipping representation altogether. While it’s true that buying or selling a home involves plenty of resources at your fingertips, nothing replaces the expertise and guidance of a seasoned professional. If…

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Book a one-on-one consultation with Loan Officer, Collette Horton, to discuss your mortgage options and find the perfect loan for your needs.

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Main Number:
(281) 558-0004

Fulshear Locations:
30417 5th Street, Suite B
Fulshear, TX 77441

5757 Flewellen Oaks Lane, Suite 104
Fulshear, TX 77441

Sherry Collette Horton , NMLS #290357

Important Information about Procedures for Opening a New Account
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account (e.g., establishes a formal relationship by means of a loan application) What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.
No statement on this website should be considered a commitment to make a loan. Loans are subject to borrower qualifications, including income, property evaluation, sufficient equity in the home to meet LTV requirements, and final credit approval. Approvals are subject to underwriting guidelines, interest rates, and program guidelines, and are subject to change without notice based on applicant's eligibility and market conditions. Refinancing an existing loan may result in total finance charges being higher over life of loan. Reduction in payments may reflect longer loan term. Terms of the loan may be subject to payment of points and fees by the applicant.