If you’re purchasing a new house, you’ve probably heard about mortgage protection insurance. If so, you may wonder, “Is mortgage protection insurance worth it?” Whether you’re considering cash-out refinancing in Texas or
If you’re self-employed, take significant tax deductions, or have inconsistent income, qualifying for a mortgage loan could be more complicated than for others. Banks want to know that you’re not
When a friend or family member prepares to purchase property, they might ask you to cosign. While cosigning is common, it has a few limitations to know before adding your
If you’re facing unexpected financial woes, you may be able to secure temporary relief from your mortgage payments with a forbearance agreement. This begs the question: What is a forbearance
What is a jumbo mortgage in Texas? This special type of home loan differs from traditional mortgages and, therefore, has its own criteria that borrowers need to meet to qualify
Are you at risk of missing one or more mortgage payments and worrying about what happens if you can’t pay your mortgage? As Houston’s most trusted mortgage experts, Champions Mortgage
If you’re looking for a new house, you’re probably wondering, “How long does it take to buy a home?” Keep reading to discover everything you should know about the process,
Buying a new house in Texas often requires a mortgage. In addition to paying the monthly mortgage bill, you should also expect to pay an origination fee. What is an
Becoming a homeowner or deciding to refinance your home takes some doing, and which pen to use on that mountain of paperwork isn’t the only decision you’ll need to make.
Buying your first home is an exciting endeavor, but there are a plethora of steps required. For most people, this home-buying journey starts with the mortgage approval process. However, when
For most individuals, signing a mortgage agreement is the only way to obtain their greatest investment: their homes. But finalizing this paperwork means new homeowners must repay the borrowed money
When you think about buying a house with multiple owners, you may instinctively assume that you can only do that with your siblings or with your partner as a married
Do you make your living being your own boss and don’t know how it will impact the type of mortgage you can secure? The experts at Champions Mortgage, the most
Buying your dream home is a complex process that begins with earning a letter of pre-approval from a mortgage lender. What is a pre-approval letter, and why is it important?
Are you considering buying a home and worried about the extra fees you’ll pay during closing? If so, you’re probably wondering, “What are closing costs on a home?” Keep reading
As you begin your home-buying journey, you’ll discover new terminologies, mortgage lingo, and several loan options. With all these new terms at hand and the need to choose between an
Are you considering buying a house and looking into your best options for financing? You might wonder, “What is a deed of trust?” Keep reading to discover everything you need
Are you just starting your homeownership journey? Then, you might have many questions like how can I afford a home, how do mortgage loans work, and what do mortgage lenders
GENERAL LOAN INFORMATION Will Mortgage Rates Go Down in 2024? Mortgage rates have spiked in the past few years. The average 30-year mortgage rate in the United States reached over
GENERAL LOAN INFORMATION How Long Do Mortgage Pre-Approvals Last? As you navigate the home buying process, you’ll have to wait for your pre-approval from a mortgage lender before you can
GENERAL LOAN INFORMATION How Does Reverse Mortgage Work? Understandably, many seniors struggle with their income from month to month. With the average social security barely enough to live on, seniors
GENERAL LOAN INFORMATION Many people finance their home purchase with a conventional loan from a bank or private lender. Unlike an FHA loan, conventional loans allow more freedom with the
When you buy a home, you gain more than a place to live. A house is an investment and wealth-building tool, and in time, you can use it to access
Many people finance their home purchase with a conventional loan from a bank or private lender. Unlike an FHA loan, conventional loans allow more freedom with the property. However, these
Your status as a member of the military grants you a wide range of benefits from the Veterans Administration, including the ability to take out a VA loan to purchase
Taking out any kind of loan can impact your annual tax situation. With home equity loans in particular, homeowners usually ask lenders one common question: Are home equity loans tax-deductible?
When you need a lump sum of money, you may decide to take out a home equity loan. Doing so involves using your home as collateral to borrow money. A
It’s no secret that home prices continue to skyrocket, sending many Houston residents scrambling for loans to help pay for their new residential property. However, there’s a catch: many lenders
Manufactured homes have come a long way over the last few decades as viable alternatives to traditional “stick-built” homes. These properties give Houston residents a beautiful place to call home
Many folks that decide to purchase a home will take out a mortgage to afford the property. Your mortgage terms determine the monthly payment amount needed to buy your house.
Many Texas property owners understand how their mortgages work and what these financial commitments mean for their long-term wealth prospects. But how does a second mortgage work? The guide below
Did you know that the average closing costs for a home purchase in the US can range from 3% to 6% of the purchase price, adding up to thousands of dollars in fees and taxes?
For example, if you’re purchasing a home for $200,000, you could be looking at up to $10,000 in closing fees.
Nothing is more important than finding a house you’re truly proud to call home. If you’ve been struggling to find the right financing, you aren’t alone. The team at Champions Mortgage is here to make buying and securing your dream home easy.