Real Estate, Finding a good Texas mortgage rate
Down...which is why this is the best time for homeowners in the Lone Star State to refinance their mortgages, pay off unsecured debt and enjoy lower payments every month.
Because the economy has been so badly managed for the past seven years, the Federal government now has to scramble to find a way to keep everything from collapsing. As a result, the Federal Reserve (which is not a government agency, but a private corporation that controls the nation's money supply) now has to increase the availability of money by lowering rates yet again. Currently, we're seeing mortgage rates lower than they've been in several years - as low as 5.5% in some cases.
Can your Texas mortgage broker help you? Undoubtedly. Mortgage brokers represent hundreds of companies and loan programs, and are therefore in an excellent position to find the program that can fit your situation the best.
Take advantage of the direction of mortgage rates in Texas and you'll enjoy:
- Lower payments. Credit card companies (not your legislators) wrote laws that allowed them to double minimum payments. They are also legally able to charge interest rates as high as 29%, even for customers who pay their bills every month (it's in the fine print of your credit card agreement). A home equity line of credit has a lower interest rate that will remain the same for the life of the loan - resulting in lower payments.
- A Better Credit Score. High levels of unsecured debt are great news to the credit bureaus, because it gives them another excuse to stick it to the working American by keeping him/her in that "sub-prime" category. When you pay off that unsecured debt, it looks a whole lot better on your credit report - and every retired debt helps.
- Tax Benefits. Before 1982, there was a tax deduction for credit card interest. President Reagan took that away from working people in his tax reforms of 1982. The interest on a home equity loan is usually tax deductible however, meaning substantial savings when April 15th rolls around (consult your tax advisor).
It takes little time to find and contact a Mortgage online texas broker and get the process started. The bad news is that nobody really knows how long these low rates will last, so now is the time to take action - especially if you are carrying an adjustable rate mortgage. Those rates have nowhere to go but up. Bail out of that ARM and get the security and stability of a fixed rate mortgage today.w
Related Tags: houston mortgage, dallas mortgage, banker mortgage texas, mortgage online texas, mortgage dallas, texas mortgage broker, mortgage houston
Your Article Search Directory : Find in Articles
Recent articles in this category:
- 5 Reasons to Buy Jasper Real Estate
Jasper is a small town in North Georgia and it is growing rapidly. Since North Georgia Foreclosures - Ellijay Real Estate
Ellijay Georgia has always been known for it's outdoor activities and seasonal festivals. Downtown E - How to Deal With Blocked Drains
A blocked drain is an occurrence that happens eventually to all households. You may have experienced - The Benefits of Hiring a Plumbing Consultant
Your dream home may not always be brand new, with fresh paint and home essentials. There are certain - The Worst Mistake You Can Make When You Apply to Rent a Home
A whole new class of people has become renters and potential renters in America during the last thre - State of Individual Real Estate Markets
Everybody is well aware of the hit that the real estate market has taken over the past three years. - Thoughts on Avoiding the Landlord Trap
I've heard several people say they would never invest in a multifamily rental property because they - An Idea to Increase the Bottom Line of Your Investment Property
Are you pretty sure that you've already maximized the income coming from your property? If you've cl - Finding the Value of a Piece of Investment Real Estate
There is a lot of confusion about how much investment property is really worth. We'll look at three - Arkansas Land For Sale - Search Engine Optimization and Your Website
If you have Arkansas land for sale and are interested in advertising it on your website I have a few
Most viewed articles in this category:
- How High Did Home Prices Really Go
The U.S. Census Bureau released data on Tuesday that revealed where the nation's hottest markets wer - New Homeowners Tips for Household Safety
With so many items on their ¡°buying a home¡± checklist, few homeowners take into considerati - Truth About VA Foreclosures
Many people now days are finding themselves out of work and not being able to make the mortgage paym - Avoid Rookie Real Estate Investing Mistakes
When Robert Kiyosaki, author of the Rich Dad book series, bought his first property he was, of cours - Finding The Perfect Roommate On Craigslist
Craigslist, Roommates, and The Concerns Craigslist is "great" when it comes to looking for housing - The Forgotten Secret To Selling Property - Simple, Quick And Cheap
Why spend big dollars trying to get people to drive a long way to see your house, when your best pro - Get Amazing Results Selling Real Estate Online
This is the age of the internet. Why not take advantage of the widespread use of the internet to ad - Dallas Real Estate Information
In the United States, Dallas is considered as the second leading state according to the area. If any - The Largest Private Equity Indian Real Estate Deal
In the largest private equity deal won by the real estate sector, Morgan Stanley Real Estate has inv - Fractional Real Estate Ownership
Fractional ownership of vacation ski condos is growing in popularity. Park City Utah a popular ski t