Posts Tagged ‘homebuyer’
Buying a Home While Renting: How to Avoid Paying for Two Places at Once
Timing the purchase of your first home while you’re still renting can feel overwhelming. The last thing you want is to be stuck paying both rent and a new mortgage at the same time. With the right planning, though, you can make the transition smooth and even save money in the process! When Does Your…
Read MoreCan You Use Your 401(k) for a Down Payment on a House?
If you’re getting ready to buy a home and eyeing your 401(k) for help with the down payment, you’re not alone, but before tapping into your retirement savings, it’s important to understand how it works and what the potential impact could be. Yes, your 401(k) can be used toward your down payment, but there are…
Read MoreIs Waiting for Lower Interest Rates Costing You More?
At Liberty Star Mortgage in Fulshear, Texas, we understand that timing is one of the biggest concerns for homebuyers—especially when it comes to interest rates. Many buyers are holding off, hoping that rates will drop before they make a move. But what most don’t realize is that waiting for lower rates could actually end up…
Read MoreWhat Costs Are Actually in Your Monthly Mortgage Payment? Let’s Break Down the Total
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 &…
Read MoreTaking Time Off to Raise Kids? Here’s What It Means for Your Mortgage Approval
Many parents take time away from their careers to raise their children, but when it’s time to buy a home, they often wonder: will my employment gap affect my mortgage approval? The good news is, not necessarily! Lenders understand that life happens, and as long as you meet certain requirements, you may still qualify for…
Read MoreBuying a Home While Separated in Texas: What You Need to Know
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…
Read MoreWhen 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…
Read MoreBuying a Home with a Low Credit Score: What You Need to Know
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…
Read More3 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…
Read MoreHow to Buy Investment Property with Your Primary Residence Loan
Are you dreaming of owning an investment property? At Liberty Star Mortgage, we have a strategy to help you achieve this goal while securing the benefits of a primary residence loan. It’s all about combining smart planning with creative financing. @collettesmortgagetips Let’s talk about how you can buy investment property along with a primary residence!…
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