Mortgage Tips

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