Mortgage Blog | Best Plano Broker

Why Financial Planners are Raving About Reverse Mortgages for Retirement

Reverse mortgages are gaining popularity among seniors as a way to supplement retirement income. Traditionally viewed as a last resort for cash-strapped retirees, reverse mortgages are now being recommended by financial planners as part of a strategic retirement planning strategy. In this blog post, we will explore why financial planners are recommending reverse mortgages and…

Here are five reasons to buy your home now

Stop Throwing Money Away on Rent and Start Building Equity with Our First-Time Homebuyer Mortgage Programs As a first-time homebuyer in the Dallas area, getting a mortgage can solve a number of problems you may face as a renter when looking to purchase your dream home. With the help of a mortgage broker, you can…

Mortgage Rates for the week ending March 31st, 2023 increased slightly even though inflation appears to be slowing down and jobless claims are increasing. I think It may have to do with the mortgage bond liquidity. Currently, there are a lot of mortgage bonds on the market and fewer buyers as people return to the…

How does a first time home buyer loan work

Tips for First-Time Home Buyers Buying your first home is a big decision, but it’s also an exciting one. It’s a chance to put down roots, build equity, and create a space that’s uniquely yours. But before you start shopping for your dream home, there are a few things you need to do to make…

How to Divide Your Home Equity in a Divorce: What Do You Need? Divorce is a difficult and stressful process. Not only will you feel the loss of a relationship, but you may also be dealing with legal and logistical hurdles. Splitting up real estate assets, even in the best of relationships, can cause distrust and resentment.…

Mortgage Market Update for Dallas Texas March 17, 2023. Mortgage rates declined this week by roughly 0.375% due to news from the banking sector. Several of my 190+ lenders that I shop my clients mortgages with this week lowered rates. Some are more cautious than other, waiting to see if the volatility will subside before…

Hi everyone. It’s Friday, February 24th and I’m coming to you with the mortgage rate and Real Estate market update for Dallas Texas. Unfortunately, it was not a good week for mortgage rates. Interest rates climbed this week by as much as .375% on some products. Basically, the work that the Fed is doing to…

Tips for First-Time Homebuyers 1. Save Early When saving money for your dream home, here are the top costs to be aware of: When applying for a mortgage, the type of mortgage will determine how much down payment is necessary. Conventional loans that target first-time home buyers with good credit often require down payments of…

Divorce Equity Buy Out Is better with an Owelty Lien to 95

Divorce Equity Buy Out Is better with an Owelty Lien and up to 95% of the home’s value. The decision of which spouse will keep the marital house is an important one in many divorce situations. In some cases, the spouses agree to sell their home and split the equity. Other cases see one spouse keeping the…

Mortgage and Real Estate Market Forecast for 2023

What does the market hold for 2023 for mortgages and real estate? There is a lot of misinformation about the market. Will there be a real estate crash? What will happen to mortgage rates? Is now a good time to buy? Today we’re going to talk about these questions and I will share with you…