Breaking Bad (Financial Habits) with Texas Lending

Texas LendingYou don’t have to pull a Walter White to save money. Reps from TexasLending.com, a mortgage lender headquartered in Dallas, say bad financial habits are a state-of-mind and breaking them is a matter of will.

According to TexasLending.com representatives, people save best when they have a clearly defined purpose. In other words, those who want it bad enough, are the ones who are most successful in their savings campaigns. For instance, a mother saving for her daughter’s tap dance lessons may work twice as hard and give up a few small luxuries for what’s most important to her: her child’s happiness.

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Texas Lending Discusses Home Buyer Negotiation Strategies

House2Negotiations may not always be pleasant, but they are a necessary part of the home buying process. This according to Texas Lending mortgage professionals, who say the purpose of negotiations is to get the best price for all parties concerned.

Q: Should I use a buyer’s agent or approach the listing agent on my own?

Texas Lending: It’s always a good idea to have an agent on your side. A good buyer’s agent will be familiar with the market and offer you advice on trends and comparable properties so that you can make a more informed decision when it’s time to place an offer.

Q: What are comparable properties?

Texas Lending: Comparable properties, or comps, are properties of similar size, age, condition, and amenities in a particular area, usually within a few miles of the subject property. Your real estate agent should have a comparative market analysis (CMA) on-hand for you to review before making an offer. One of the main benefits of assessing comparable market properties is that it gives you a baseline value per square foot and therefore a better footing from which to hold your negotiations. Continue reading

Texas Lending: Quality of Life Affected by Neighborhood

Texas LendingBefore you blindly sign a contract on your future home, invest a few hours into researching the area. According to expert mortgage lenders from Texas Lending, you can save yourself time, money, and misery by getting to know the area where you want to live before you make a life-altering commitment.

Q: I already know what kind of house I want. How much does the neighborhood really matter?

Texas Lending: More than you might think. Your ideal home maybe priced just right, with a big yard, and plenty of privacy. However, what goes on just beyond your property line can have a huge impact on your quality of life. Check the area’s crime rate and ask around about any industrial operations or landfills which might create air or land pollution that you’d rather avoid. Continue reading

The Start of a New Year is a Good Time to Consider Finances, Says Texas Lending

Texas LendingThe New Year is traditionally a time when people look for new beginnings. For some, this means starting a gym membership, enrolling in school, or giving up an old vice. However, according to the mortgage experts at Texas Lending, the one resolution everyone should consider is revisiting their financial situation and making a plan for the coming months.

First things first – credit cards. Texas Lending representatives explain that credit card debt is the single most detrimental financial crisis for many homebuyers. A good rule of thumb is that credit cards not paid off at the end of each month are being used too much. If this is the case, it’s the perfect opportunity to see where spending habits may be altered to reflect a more realistic financial lifestyle that fits better with available income.

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Texas Lending Home Buying Experts Discuss Home Search Strategies

Texas LendingFinding the right neighborhood is important. Read on as Texas Lending explores ways to pick the perfect community for your next new home.

Q: What sort of things should I look for during my initial search?

Texas Lending: Before you even begin browsing the MLS, take some time to write down what you really want. Is it access to top-notch schools? A community swimming pool? Do you need a large yard or want to live in an HOA neighborhood that provides lawn care? Your “wish list” is going to be as unique as you.

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TexasLending.com: Buyer Beware of Foundation Problems

TexasLending.comA failing foundation can make or break a home buyer’s decision to sign a contract, warn the experts at TexasLending.com. Unfortunately, many prospective owners assume that minor issues are not a big deal. Read on to find out more.

Q: How do I know if there is a problem with the foundation of a home I am interested in purchasing?

TexasLending.com: Oftentimes, these issues are not exposed until the home inspection phase of your purchase. If discovered, you are still out the cost of the inspection and possibly the appraisal as well. A few things you can look for during the initial walk-through are uneven floors, windows and doors that get stuck or don’t shut all the way, or cracks along the brick exterior or in the interior drywall.

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TexasLending.com: Serving Veterans

TexasLending.comTexasLending.com is one of the area’s leading providers of VA loans. Our experienced mortgage professionals work closely with U.S. servicemen and women to ensure a stress-free transaction every time. In the following brief question-and-answer session, we have provided basic information on VA loans and the home buying process.

Q: What is a VA loan?

TexasLending.com: A Veterans Administration (VA) loan is a loan guaranteed by the Federal Government on behalf of eligible/entitled veterans. These loans were first made available in 1944 when the U.S. Congress approved the Servicemen’s Readjustment Act, which offered certain financial benefits to soldiers returning from war.

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