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Lock-in rate - a written agreement guaranteeing a specific interest rate when your mortgage closes. Mortgage Rate - the cost or the interest rate you pay to borrow the money to buy your house. Rate Cap - the limit on the amount that the interest rate on an ARM can increase or decrease during any one adjustment period. Click here to learn more Terms
Terms To Know
Lock-in rate - a written agreement guaranteeing a specific interest rate when your mortgage closes. Mortgage Rate - the cost or the interest rate you pay to borrow the money to buy your house. Rate Cap - the limit on the amount that the interest rate on an ARM can increase or decrease during any one adjustment period. Click here to learn more Terms
Did You Know?
Reverse Mortages Allow Older Homeowners No Additional Bills The loan must be repaid when you die, sell your home, or no longer live there as your principal
residence. Reverse mortgages can help homeowners who are house-rich but cash-poor stay in their homes and still
meet their financial obligations. Read more ...
While still at high levels, home sales continued to cool over the past six weeks, especially for lower priced homes. Relocations spurred sales of moderate and high priced homes. Builders reported continued strength in traffic and sales but say it is taking a little longer to close deals. There were a few reports of sales cancellations, mostly because buyers were unable to sell their West Coast homes.
Housing markets have remained resilient in the Dallas District, where despite signs of cooling, "home demand remains strong" and residential building activity has been "robust."
Texas is a booming market in the Real Estate Industry. 5 different areas in Texas has made the top 40 real estate markets list. They are as follows:
The information provided on texas mortgage, Inc. is not intended to be official legal, real estate, or
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