Building a custom home is exciting, but coordinating the land, construction budget, builder, and mortgage can feel overwhelming. A construction loan is short-term financing that pays eligible home-building costs through scheduled draws as construction progresses. In this guide, we explain…
Written by Lesley Guerrero | Mortgage Knowledge Made Simple Chief Operating Officer | Mortgage Loan Originator | Mission Mortgage NMLS #1615801 Helping Texans make smarter home financing decisions through practical mortgage education. In Texas, we love tech workers. If you…
Building your dream home in Austin or surrounding communities can feel like a complex journey, especially when it comes to financing your construction project. A construction loan is a short-term form of financing that covers the cost of building or…
Building your ideal home in Central Texas is a major milestone, but figuring out how to finance the construction process can cause uncertainty. A construction loan is a short-term, special-purpose mortgage that covers the cost of building a new home,…
Navigating the mortgage process when you’re self-employed can be frustrating, especially if traditional loan programs don’t fit your unique financial picture. Non-QM (Non-Qualified Mortgage) loans are a flexible mortgage option that allow self-employed borrowers and those with non-traditional income to…
Whether this is your first or tenth home purchase, shopping for a new home is an exciting time. It can also be a stressful and lengthy process. This guide can help you stay on track and in your new home…
Ready to purchase your first home? Use this easy-to-follow checklist to navigate the path to home ownership. Determine Your Budget: It’s best to determine how much house you can afford early in the process to avoid falling in love with…
If you have received your Closing Disclosure from your lender, you are almost done with your home buying journey. The Closing Disclosure, provided at least three full days before closing when you sign the final purchase documents, means that you…
Before you begin your new home search, talk to a lender about getting preapproved for a mortgage. This important step can save you time in negotiations and keep your search on target and within budget. What exactly is a preapproval…
Buying a home is a big purchase, one that takes time to save up to afford. Many homebuyers use a mortgage to finance the majority of the cost, but still need to save up a down payment. Here are five…