• How do interest rates affect a home loan_

    How Do Interest Rates Affect a Home Loan?

    Whoa. This is a biggy. Interest rates are rising slowly and that can affect how much home you can afford. John Duke and Tom Hallock with Bank of Texas Mortgage have teamed up once again to go over how rising interest rates can affect how much home you can purchase. Just like Tom mentions in the video, for every 1% increase in interest rates, a person’s buying power drops by 11%. Check out the info in the graph below. If your maximum monthly payment is $2000, with rates at 4.5% a buyer can purchase a home at $495,000. However, if the interest rates increase to 5.5%, the maximum home loan…

  • challenges in the home buying process

    Challenges in the Home Buying Process

    There are many challenges that we see for home buyers, including credit issues, not knowing the buying process, looking at houses that are above their budget, and many more. John Duke with The John Duke Team and Thomas Hallock with Bank of Texas Mortgage, got together to discuss some of the challenges in the home buying process. Tom includes a few tips on getting approved, suggestions for repairing credit, and more. This five minute video is a great intro to what you need to be aware of as you start your home buying journey. Special thanks to Thomas Hallock with Bank of Texas Mortgage for joining us on a series…

  • 2018 tax season

    2018 Tax Season is here

    It rolls around every year and every year it seems there are changes in the tax laws. Well, this 2018 tax season is no different. Take a look at this quick break down for what’s happening to your taxes. There are many things we can do to get ready for tax season. Here’s a .pdf that explains a little more about how to prepare for the 2018 tax season, whether you’re ready for it or not! Hope this info is helpful. If you have any questions or need a CPA or accountant, I have a few names I can send your way. Just let me know! Shoot us an email…

  • New Homes in South Temple

    There are still affordable homes in Texas. You may be priced out of the Austin market, and if so, come on up to Temple, TX. It’s about 45 minutes north of Austin, but the cost of living is much more affordable. There are many new homes in South Temple ready for new owners! We have over 10 listings available in south Temple starting the $150’s. These are brand new homes. Great floor plans. Granite countertops in the kitchen. Many have open concept floor plans allowing for family and guests to be part of any event at the house. Located in the Alta Vista subdivision, these homes are in the Academy…

  • 115 Palomino Cove

    115 Palomino Cove – Jarrell – SOLD!

    On the western side of Jarrell is the gated community, Spears Ranch. Our latest listing resides in this gated community – 115 Palomino Cove. Set way off the road, this home is surrounded by over 500 hardwood trees – various types of oaks, elms, and cedars. The front of the property has been hand-cleared of cedars and is as beautiful as any state park.   Unique Features of 115 Palomino Cove The homeowners have created a list of all the things they love about this property. Peace and quiet on the ranch Little traffic on the ranch Privacy Difference in seasons Wildlife variety Over 500 hardwood trees on the property…

  • 138 Penny Lane – Your New Home

    Sitting on one acre of land in Georgetown, Texas, 138 Penny Lane could be your new home. It has so many features that make it that perfect home. At the back of the property sits a 32’x24′ 2.5 car garage with wiring for 220v. It would be perfect for a workshop, additional garage, man cave, or even a she shed. The house itself features 3 bedrooms, 2 baths with the master bedroom towards the back of the house, away from the other two bedrooms. The kitchen boasts a new cook top stove and microwave. And, it has an amazing island that allows for plenty of cooks to help with dinner.…

  • Start-to-finish tips for first-time homebuyers

    Making a Smooth Move: Start-to-Finish Tips for First-Time Homebuyers

    Thank you to Suzie Wilson of Happier Home for writing our blog post today! Making a Smooth Move: Start-to-Finish Tips for First-Time Homebuyers Like any major life decision, buying your first home is fun, exciting, and terrifying. It’s best to go in with a plan, as there are details about the process that you simply don’t know if you’ve never done it before. From financing, to choosing the right home for you, moving in, and everything in between, here’s how to make it a smooth move.   Step one: Self-audit and budgeting Going into your first home purchase without knowing everything there is to know about your own financial situation…

  • Texas Veterans Land Board

    Texas Veterans Land Board

    The Texas Veterans Land Board (TVLB) is a great resource and option for Texas vets to purchase land or a home. This is a really great program for those who do not have a lot of money to put down on property. Normally, when purchasing land, lenders require 20% down. But, the Texas Veterans Land Board affords vets the ability to purchase land with as little as 5% down. Here are a few things to keep in mind when using the TVLB as your lender: They are very stringent as to the condition of the property. For example, it has to have an all-weather road (if it is not located…

  • what if a home doesn't meet appraisal_

    What Happens If a Home Doesn’t Meet Appraisal?

    What happens if a home doesn’t meet appraisal? Before we get into those scenarios, you need to understand that if a home does not meet appraisal, then the lender will ONLY loan money on the value of the home. The value is determined by the appraiser, who is hired by the bank (the lender). When the appraiser is hired, he will look at homes in the area similar to the home that is being purchased. He will look at the size of the home, if it’s one or two stories, the year it was built, how many bedrooms and bathrooms, etc. He will also go and view the home in…

  • 5 strategies for saving your down payment

    5 Saving Strategies for Your Down Payment

    Whether you’re thinking of purchasing a home this year or in five years, it’s important to save for a down payment. Below are five tips to help you reach your savings target so you can purchase the right home that fits your needs. If you’d like to learn more about your financing options, we can put you in touch with a few lenders (for you to choose who you’d like to work with).