collins county home loans: Buy now before the houses are all gone... - 02/10/17 04:17 PM
There are plenty of reasons to buy a home now.
Interest rates, rising home rates, and a shrinking inventory are all reasons why 2017 is so crucial to home buyers. We all know by now that those record low-interest rates cannot last forever. With two more interest rate hikes on the horizon, this is a good sign for our economy, even though it means goodbye to very low-interest rates. If you have not told potential buyers that the feds plan on increasing the interest rates by at least June, tell them now!
 
Home inventory is getting thin.The past two years of declining unemployment … (2 comments)

collins county home loans: Mortgage Rates Drop after a wild week - 02/09/17 02:42 PM
As new administration sets in, fiscal policies take notice. As the weekly jobs reports come in,  economists are uncertain of several aspects of the current market. This has caused the 30-year fixed rate mortgage to dropped to 4.17%. This is slightly lower than last weeks 4.19% but still higher than the 52-week rate of 3.65% from last year. 
The 15-year Fixed-rate mortgage has also lowered a bit from last week's rate of 3.23%. With the new rates in, Home buyers are urged to lock into a loan as they are still at historic lows. The current administration is set to make huge changes to Dodd-Frank and the … (0 comments)

collins county home loans: The Safest Home Loan in Texas - 01/18/17 04:03 PM
Texas 30 Year Fixed Mortgage  
A 30 year fixed mortgage is quite possibly one of the safest loans that one can attain for the purchase of a home. The interest rate is locked for the duration of the loan, doing away with any uncertainty associated with the ever changing landscape of the housing market. The loans are amortized meaning that the principal on loan is being paid off throughout the life of the loan. 
 
Also called conventional loans, fixed rate mortgages may cost the borrower a little more in the long run, as they are not susceptible to the varying rates that … (0 comments)

collins county home loans: Collin County Construction Loans - 01/10/17 03:37 PM
Construction Loans in Prosper Texas 
Have you ever walked into a model home and thought about how things would look with higher ceilings, a larger entry way, more windows perhaps?
 
New home construction is on its way back; it has been for the last few years. The market is beginning to reach higher and higher as buyers begin to come back and sellers phase out. While these homes are ruggedly built and have some serious curb appeal, they tend to mirror one another more often than not.
 
Buying an older home takes some of the “cookie cutter” stigmas out of purchasing an existing … (0 comments)