Average apartment rents in Houston have climbed 12 percent since 2019, almost $1300/month.
Average home price in Houston is at an all-time high of $411,000. Although the number of homes selling are declining, prices aren't, and homes priced below $300k are selling rapidly. With rising interest rates, a lot of people that decided to "time the market" are now priced out of the market.
Although a drop in interest rates may help you qualify for more home, it doesn't seem likely. With rates and home prices increasing, waiting will likely continue to price people out of the market, simply leaving them with higher rent to pay. What's the interest rate on rent?
Edward Foy The Home Equity Network 281-304-6353 info@HOMEQNET. com www.HOMEQNET.com/LT NMLS 310856 / 218762 _ #HoustonMortgage #HoustonRealtor #TXMortgage #MortgageRates #VAmortgage #JumboMortgage
Hard Credit Inquiries can drop your score by up to 10 points each time Don't shop your way out of an opportunity Err on the side of caution Take advantage of soft pulls _ Real Estate & Mortgage Solutions The Home Equity Network 281-304-6353 NMLS 310856 / 218762 info@HOMEQNET.com www.HOMEQNET.com/LT _ #HoustonMortgage #HoustonRealtor #TXMortgage #MortgageRates #VAmortgage #JumboMortgage #thehelpfulLO #home #house #homeowners #househunting #themoreyouknow #beprepared #investment #icanhelp #realestate
Finding the most efficient way to your destination requires knowing precisely where you stand. Here are just a few reasons why you should get pre-approved now, regardless of when you plan on purchasing a home. _ Real Estate & Mortgage Solutions The Home Equity Network 281-304-6353 NMLS 310856 / 218762 info@HOMEQNET.com www.HOMEQNET.com/LT _ #HoustonMortgage #HoustonRealtor #TXMortgage #MortgageRates #VAmortgage #JumboMortgage #thehelpfulLO #home #house #homeowners #househunting #themoreyouknow #beprepared #investment #icanhelp #realestate
Purchase a 2-4 unit property with an FHA Mortgage At least 1 applicant must occupy 1 of the units As little as 3.5% down Cover housing expense and earn income from remaining units. _ Real Estate & Mortgage Solutions The Home Equity Network 281-304-6353 NMLS 310856 / 218762 info@HOMEQNET.com www.HOMEQNET.com/LT _ #HoustonMortgage #HoustonRealtor #TXMortgage #MortgageRates #VAmortgage #JumboMortgage #thehelpfulLO #home #house #homeowners #househunting #themoreyouknow #beprepared #investment #icanhelp #realestate
Confirming loan limits increased to $715k
A DSCR loan is a great option for investors. Approved using prospective monthly rental income Finance up to 20 properties Loan amounts up to $2M Eligible for short-term and long-term rentals Up to 80% LTV _ Real Estate & Mortgage Solutions The Home Equity Network 281-304-6353 info@HOMEQNET.com www.HOMEQNET.com/LT _ #HoustonMortgage #HoustonRealtor #TXMortgage #MortgageRates #VAmortgage #JumboMortgage
A 2/1 buy down lowers your interest rate by 2 points in your first year and 1 point in your second year. Sounds great right? There's a cost, which can be paid by the seller, but those seller concessions might be better allocated. Know your options before choosing what's right for you. _ 281-304-6353 www.HOMEQNET.com/LT NMLS 310856 / 218762 _ #HoustonMortgage #HoustonRealtor #TXMortgage #MortgageRates #VAmortgage #JumboMortgage
Want to purchase or refinance your home but aren't sure how to get started?
Congratulations to Suggs Family on their home purchase!Thanks to Ishme Allah: Village Property Advisors, Justin Wiggins: New Home Programs, Priority Insurance, and Great American Title_Real Estate & Mortgage SolutionsThe Home Equity Network281-304-6353info@HOMEQNET.comwww.HOMEQNET.com/LT_#HoustonMortgage #HoustonRealtor#TXMortgage #MortgageRates #VAmortgage #JumboMortgage
Want your mortgage payment low but don't want to initially spend all your dough? Re-casting may be an option! _ 281-304-6353 info@HOMEQNET.com www.HOMEQNET.com/LT NMLS 310856 / 218762 _ #HoustonMortgage #HoustonRealtor #TXMortgage #MortgageRates #VAmortgage #JumboMortgage
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