Call 281-304-6353

Houston Texas Real Estate & Mortgage Blog

24 views  Nov 17, 2022
Contrary to popular headlines, the market is not crashing. Normalizing might be a better word. Prices, Rates, and Rent are still rising. Don't let a headline have you waiting your way out of a good deal. Let's do the work, analyze the data and put together a plan the suits your needs Like, comment, share, and subscribe: https://youtube.com/channel/UCanwRN32fALOuSinp-HTMCg?sub_confirmation=1 
_
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
Article: Houston home sales fell nearly 23% in October even as prices climb: https://loom.ly/7utc54M
Song: "Sky" Figo Beats
Posted by Edward Foy on November 18th, 2022 12:39 PM

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

Posted by Edward Foy on November 10th, 2022 3:41 PM

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

Posted by Edward Foy on November 10th, 2022 3:40 PM

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

Posted by Edward Foy on November 10th, 2022 3:39 PM

Veterans: Thank You So Much for Your Service.
You're Earned Your VA Benefit, have you used it?
Here are just a few of the benefits.
Contact us today with any questions.
_
Real Estate & Mortgage Solutions
The Home Equity Network
281-304-6353
info@HOMEQNET.com
www.HOMEQNET.com/LT
NMLS 310856 / 218762
_
#HoustonMortgage #HoustonRealtor
#TXMortgage #MortgageRates #VAmortgage #JumboMortgage

Posted by Edward Foy on November 10th, 2022 3:36 PM

Confirming loan limits increased to $715k

_
Real Estate & Mortgage Solutions
The Home Equity Network
281-304-6353
info@HOMEQNET.com
www.HOMEQNET.com/LT
NMLS 310856 / 218762
_
#HoustonMortgage #HoustonRealtor
#TXMortgage #MortgageRates #VAmortgage #JumboMortgage
Posted by Edward Foy on November 10th, 2022 3:35 PM


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

Posted by Edward Foy on November 10th, 2022 3:35 PM

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

Posted by Edward Foy on November 10th, 2022 3:34 PM

Want to purchase or refinance your home but aren't sure how to get started?

We've got you covered!
_
Real Estate & Mortgage Solutions
The Home Equity Network
281-304-6353
info@HOMEQNET.com
www.HOMEQNET.com/LT
_
#HoustonMortgage #HoustonRealtor
#TXMortgage #MortgageRates #VAmortgage #JumboMortgage
Posted by Edward Foy on November 10th, 2022 2:00 PM

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 Solutions
The Home Equity Network
281-304-6353
info@HOMEQNET.com
www.HOMEQNET.com/LT
_
#HoustonMortgage #HoustonRealtor
#TXMortgage #MortgageRates #VAmortgage #JumboMortgage

Posted by Edward Foy on September 4th, 2022 1:17 PM

Archives:

Categories:

My Favorite Blogs:

Sites That Link to This Blog:

Question?

Do you have a question? We can help. Simply fill out the form below and we'll contact you with the answer, with no obligation to you. We guarantee your privacy.


The Home Equity Network

9806 Mesa Point Ct
Houston, TX 77095