TexasLending.com is the most trusted name in home purchase and refinance in the greater Dallas area. The firm has been honored with the prestigious Consumer’s Choice Award for Mortgage Lenders/Non-Banks six years running and is a proud member of the Dallas and Northeast Texas Better Business Bureau.
TexasLending.com offers residential home buyers a full line of mortgage services including refinances, reverse mortgages, jumbo loans, VA and FHA loans, and, of course, conventional home purchase products. Unlike many brokerages in the area, TexasLending.com is licensed to execute special programs like the FHA Streamline Refinance and Title I Improvement Loans. As well, TexasLending.com can help answer client questions about down payment gift assistance and home purchase after a negative credit marking, like bankruptcy.
TexasLending.com can be contacted by calling toll free 800.346.8047 and can be heard on the radio each Saturday at 1:00 for a two hour-long consumer education call-in show featuring founder Kevin Miller on AM 570 KLIF.
Home equity is a smart option for credit, says TexasLending.com
TexasLending.com is a one-stop shop for Texans looking to purchase, refinance, or borrow from the equity they already have built in their homes. There are two different types of home equity loans: fixed term and variable credit. The TexasLending.com home equity experts offer a rundown of the two to help consumers make a better decision about their lending options.
According to TexasLending.com, a fixed term home equity loan is a line of credit that is repaid over a set period of time. This type of loan product is good for a set amount. Once the loan is repaid the consumer may, with credit approval, open a new account and borrow against the property’s equity again, says TexasLending.com. Fixed home equity loans are a good option for those with major medical expenses, or homeowners that are planning a major home renovation. Additionally, TexasLending.com points out these loans are a viable option for consolidating high-interest credit card debt.
A fixed term loan will offer the consumer a competitive rate for the duration of the loan period, states TexasLending.com. Since fixed rate loans are billed the same amount every month, they are a good choice for those who must know their budget ahead of time. TexasLending.com also notes that fixed rate home equity loans provide an immediate lump sum of cash which can be invested or deposited into an interest bearing account.
Home Equity Lines of Credit
This is a form of revolving credit, much like a credit card. TexasLending.com points out that the flexibility of this form of credit makes it ideal for homeowners who want the security of a credit card without high interest rates. TexasLending.com also points out that families who are likely to have sudden expenses, such as those with children in college or in an older home needing constant repair, can benefit from a home equity credit line.
Home equity credit lines offer variable monthly payments. The more of the credit line is used, the higher the minimum payment will be, says TexasLending.com. Also, for those who have little or no savings, there is a great deal of security in knowing they can rely on the equity they own in their home for emergencies, without having to wait for an approval at each time of need, claims TexasLending.com.
TexasLending.com offers their exclusive E-Signature technology for home loan applications and they are committed to providing competitive terms that are clearly explained from the beginning. As a local mortgage banker, TexasLending.com is licensed to provide all types of mortgage related products via their knowledgeable agents; agents who understand Texans and aren’t afraid to get down to business and find the best deal for their neighbors.
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