Lone Star Financing Home Mortgage Blog

News and articles related to Home Mortgage Loans. Provider: Lone Star Financing Feed Type: Residential [report]

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Changes Coming to FHA!
Before the conventional mortgage loan market collapsed, approximately 10% of home buyers utilized FHA financing.   Conventional loans were king.  Borrowers who had less than perfect credit and little money down could utilize the FHA programs to purchase a home.  FHA required 3 percent down and the seller could contribute up to 6 percent in seller [...]
02/11/2010 05:36 PM

Senate Passes New Tax Credit For Home Buyers
Buying a home is about to get cheaper for a whole new crop of homebuyers — $6,500 cheaper. The Senate voted Wednesday to extend and expand the tax credit to include many buyers who already own homes. The House is scheduled to vote on the bill Thursday. Buyers who have owned their current homes at least five [...]
11/05/2009 09:12 PM

Is it a Good Idea to Purchase a New Home in this Economy?
Historically, owning a home has always been a good, sound investment and even though our economy is going through some rough times and home values have fluctuated the past year or two, owning a home continues to be a smart investment. A few reasons to support home purchasing as a good investment is due to [...]
10/29/2009 05:10 PM

How new HERA laws can affect you!
On July 30, 2009 legislation went into effect that is impacting the timeliness in which Texas Mortgage Companies can close a mortgage loan.  This new law is called HERA which stands for new Housing and Economic Recovery Act. This piece of legislation is intended to protect the borrower from deceptive lending practices.  If your broker/lender is not educated [...]
08/28/2009 02:34 PM

FREE Good Faith Estimate Review
Already working with a mortgage broker or lender?  Send us your competing Good Faith Estimate and our mortgage consultants will help educate you so that you are armed with the information needed to make an informed decision and insure the best rates and closing costs for your next home loan.  In today’s mortgage industry it can [...]
08/05/2009 10:45 AM

Texas VA Home Loans vs. Conventional Home Loans
Are you a Texas Veteran and are you considering buying or refinancing in today’s market? Buying or refinancing a home is a decision that takes both careful thought and planning. Most prospective homebuyers put an extraordinary amount of time into selecting just the right home or deciding whether or not to refinance. Have you [...]
05/31/2009 02:51 PM

Take Advantage of Low Interest Rates with VA Streamline Loans
So what is this VA Streamline Loan everyone’s talking about? And have you heard of the VA's Interest Rate Reduction Refinancing Loan (IRRRL)? Interestingly, they are one in the same! This is a loan that refinances an existing VA Loan into a new VA Loan with a lower interest rate, or for some, from an adjustable rate mortgage (ARM) into a fixed rate mortgage.
05/17/2009 09:18 PM