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Houston home buying is made simple at Texas United Mortgage. Keep reading our latest articles for tips and information that you can use today to be a better informed home buyer. Or, contact us anytime, we’ll be happy to answer your questions.
What Is Escrow, And How Does It Work?
What Is Escrow? An escrow account is maintained by a third party. There are two types of escrow. Real estate escrow is different from homeowner's escrow. When you decide to buy a home, you will need to open an escrow account. You will pay a deposit to the seller of...
Texas Home Buying: What Are Mortgage Points, And Should You Buy Them?
Mortgage points, or discount points, are used to prepay a portion of the interest on your mortgage. Your lender will present these points to you as a way to lower your interest rate. Buying these points sounds like a great way to save money, but is it really? Should...
What’s the Difference Between Prequalified For A Mortgage vs Preapproved?
To be prequalified for a mortgage, your lender will ask you a few questions about your income, assets, and down payment. Your lender may also ask you about your credit card debt to get a clear understanding of your financial situation. The pre-qualification process...
Can You Get a Mortgage In Texas Without A Credit Score?
Many first-time homebuyers ask, "get a mortgage in Texas without a credit score?" It's highly recommended that you pay off all your debt before you apply for a home loan. Utilizing credit responsibly and paying off your balance each month can boost your score and...
How Long Does it Take to Close on a House In Houston, Texas?
You have prepared your credit score and budget. You completed the shopping process. Then, you compared the loans and made the offer. Now, how long does it take to close on a house? Unfortunately, you do not get a mortgage then simply move into your new home right...