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Texas Mortgage

Texas Mortgage

Within this Thread you can review or add tips concerning obtaining a Mortgage in this state. More info can be found here: https://www.internationaldiscussions.com/real-estate-mortgages/usa/texas.php

Mortgage Texas

It is all in how you play the game in Texas. If you are looking at a mortgage for a new construction you may want to look into several options. The banks are going to make offers, if you do not already own your land, they are happy to combine the land and home construction into one loan. I do not recommend this. Buy the land and start making your payments immediately. Now take your bids from your contractors down to the bank and take a second loan for house construction. Most the time you can finance land with little to no money down so that you can save the bulk of your down payment for the loan on the house construction. This will actually give you two mortgage payments rather than one but they will actually (In most cases) be less then if you had combined them into one loan. You will get a better interest rate on the land rather than the house. This also allows you to pay the land off quickly. Then you will have several options. Subdivide the land and sell off other lots to make payments towards the house. Or you can take advantage of the lower payment to save or invest.

Texas Mortgage History & Civil Business Politics

Dallas/Fort Worth quarterly foreclosure postings jump 22%

Foreclosure filings on homes in the first quarter of 2010 jumped 22 percent when compared with the same period last year, a new report from Foreclosure Listing Service Inc. Said Thursday. Ref. Source 9