This is the typical 10% down loan with PMI (mortgage insurance) offered by Countrywide, Wells Fargo, Washington Mutual, etc.  As a Mortgage Broker,  I try to avoid PMI when possible.  To do so we can do a 80/10 or even an 80/20 to avoid PMI.   100% loans or an 80/20 mortgages have higher rates than 5% down loans.  

 If you’d like to get pre-qualified or if you have other mortgage questions,  please email jon@mylendingplace.com.   Or if you just want to review your credit report before you buy.     512.996.8194 | Cell is 512.577.2958

       Read the rest of this entry »

Texas Mortgage,  Home Loan Rates, Refinance:  30 year fixed rates:  (Countrywide, Wells Fargo, Wachovia)

Bad News:  Sister Britney Spears in having more drama…Oops, she did it again.  But at least this time she was wearing underwear!

Good News:  Texas Mortgage Rates are dropping due to a recent economic report.    Remember, when the financial markets gain strength, mortgage rates rise.   When we get a weak jobs report, this is potentially bad for the economy, so mortgage rates go down.    Great time to refinance, buy, or consolidate debt with an equity loan.

Good news–mortgage rates go up.  Bad news–mortgage rates go down.    As far as cousin, Britney Spears?  That’s a whole different story. 

http://www.mylendingplace.com

512-577-2958, call Jon Spears:  We do home loans (and Home Equity Loans) all over Texas.  

         Read the rest of this entry »

Today’s 30 year fixed mortgage rates: