http://www.bankrate.com/finance/news/mortgages-plummet-swing-refi.aspx

As Austin mortgage rates hit another record low, some homeowners ponder whether it’s worth reaching into their savings to buy their way into the refinance craze. Others have the privilege of cashing out and reinvesting the money.

The benchmark 30-year fixed-rate mortgage fell to 4.02 percent, compared to 4.05 percent the previous week, according to the Bankrate.com national survey of large lenders. The mortgages in this week’s …

Read the rest

Recently I noticed, Bank  of America is offering  Austin 30-year fixed mortgage rates  at 3.75% with 1.125% buy-down points and offering  Austin 15-year fixed mortgage rates at 2.875% with 1.00% buy-down points.

Bank of America, like most major lenders, knows people want low mortgage rates so they just offer higher fees. Why pay additional points when getting your mortgage rate when you don’t have to?

At Mylendingplace.com, we can get you the …

Read the rest

Normally Texas Interest rates have been pretty stable.  However, we’re seeing a slight dip in mortgage rates which makes it a great time to buy or refinance.    We usually lock mortgage/refinance loans on 30-45 day locks….this just means we have 45 days to fund your  loan.

Today’s Texas Mortgage | Refinance Rates | Austin | Dallas | Houston | El Paso | Lubbock

Today’s 30 year rates are: …

Read the rest

Everybody knows that a Texas Jumbo  mortgage is a mortgage balance that’s over $417,000.   And in most cases this jumbo level extends to $517,000 because we can do a second lien behind a first lien and get around the Texas Jumbo rates-by still doing a first of 417K and a second.

Yet the problem with a lot of banks (like Bank of America, Wells, …

Read the rest

As a local Austin, Texas Mortgage company we’ve been around for 6+ years now.  It seems like we’ve seen every market and we’ve certaintly done loans all over Central Texas.   We’ve done home loans in Austin, North  Austin, South Austin, Round Rock, Downtown home loans…..

Austin Condo loans…. (these are 10% down these days)

Large homes loans in West Lake.  (Up to $417,000…otherwise it’s a Texas Jumbo …

Read the rest

Texas Cash Out Loans have a lot of rules. The most popular rule is the 3% rule which means all the refinance fees can’t exceed 3% of the loan amount.  This rule makes it really difficult to do smaller loans, under $100,000.   Which is kinda ironic since most regulation is supposed to help…this law–this refinance cash out rule–actually hurts home owner’s with smaller …

Read the rest

Everybody knows that mortgage rates increase the closer we are to the maximum allowed loan to value.  So did you know that the closer you are to the maximum 80% for a Texas Cash out, that you have a higher rate than, say, if your loan was at 60-70% loan to value.

Today’s Texas Cash Out Rates:

• If you are looking for a 30 year
…

Read the rest

We do a lot of “No PMI” loans…even at the 95% level. This just means you can avoid PMI when you only have 5% equity in your home.  It’s a great loan to compare to Texas FHA.  Remember, Texas FHA loans are 3.5% plus 1% (funding fee).  So when you really look at things, a Texas FHA loan at 4.5% isn’t really that much less than a 5% …

Read the rest

Today’s Texas Mortgage Rates are still really low.

 Today’s 15 year fixed rates are bouncing between 3.375-3.5%

Today’s 30 year fixed rates are bouncing between 4.12-4.375%, depending on your loan to value.

www.mylendingplace.com

However, if you’re looking for a Texas HELOC (with minimal closing fees) these rates are 5.375-5.625%–these are 15 year second lien HELOCS.

 As for Texas Jumbo Rates:   The …

Read the rest

Buying or refinancing a Condo is still challenging, however if you have 10% to put down or you have 10% equity we can help.

For the longest time it was really hard to buy or refinance a condo, especially non-warrantable condos-however these days banks will refinance or help you purchase a Texas Condo loan as long as you have the 10% cushion.  This …

Read the rest

April 12, 2012

What are today’s current Texas Mortgage, Refinance rates?

Austin, Texas mortgage/refinance rates are still really low.   In fact, we had a past client call us yesterday who wanted to refinance again because mortgage rates are still so low. Of course, he wanted to know every single loan option! He wanted the current 10 year, 15 year fixed, 20 year fixed …

Read the rest

Welcome to Spring…and while the Austin, Texas weather is awesome don’t forget about the Refinance Rates.

If you’re looking for the lowest Texas interest rates, give us a call at 512-996-8194 or email jon@mylendingplace.com.

Today’s 15 year Austin mortgage rates are 3.375-3.5%.

Today’s 10 year fixed rates are lower, but remember the 10 year fixed rates are lower.  Normally the 10 and 15 year fixed rates …

Read the rest

Let’s face it sometimes the biggest hurdle when pulling cash out of your home are all the closing costs.  While www.mylendingplace.com has the lowest closing cost around (because they don’t charge points), there are still some unavoidable closing costs.  For example, every Texas Mortgage Bank/Broker is going to charge you a lender fee regardless how it’s structured or called-some call it an origination point …

Read the rest

While many banks are avoiding refinancing condos www.mylendingplace.com is still offering purchase as well as refinancing on condos-even non-warrantables. To 90% loan to value.   In the past it was easy to  refinance a condo as long as it was warrantable (meaning it was occupied by more than 50% owner-occupied tenates.)

Then the mortgage crisis hit and banks became stricter across the board-and many Texas mortgage companies stopped doing all …

Read the rest

April 4, 2012

Now that it’s spring many people in Austin, Texas are refinancing their homes.  Today’s current mortgage/refinance rates in the Austin-area are:

Today’s Austin, Texas 30 year fixed rates are 4.125-4.25%

Today’s Austin, Texas 15 year fixed rates are 3.5-3.625%

Call for Texas HELOC rates and Texas Jumbo Mortgage Rates….512-996-8194

www.mylendingplace.com

Of course you can refinance your home as well as pull cash out, …

Read the rest