Highlander Mortgage

08/17/2023

08/15/2023

08/04/2023

06/22/2023

06/15/2023

06/09/2023

https://financialpost.com/investing/investor-guide-federal-reserve-pause

As the Federal Reserve nears the end of its interest rate hiking cycle, David Rosenberg looks to history for the best path for investors

06/08/2023

06/08/2023

This is from an industry publication. I found it interesting. One thing I always tell people is that real estate is one of the least liquid investments you can make. So you should only put as much money down as you can comfortably afford without wiping out all your cash.

Redfin: More than a third of April home buys made with cash

06/06/2023

There may be no single more confusing form of math in use today than that of home financing. Many people think getting and paying for a mortgage loan in Austin to purchase a house, or even just refinancing or using a little home equity to consolidate or pay bills, is all a simple and straightforward process. However, they will quickly find out how complex this math really is. Highlander Mortgage in Austin is a great place to not only look for home mortgage and financial advice, but also just to learn more about it.

This is why it is so important to have a loan broker in Austin that you can trust. You need someone that will treat you like a client and partner they will be working with for their entire career, not a one-time commission to be put through the mortgage machine and spit out with a contract and handshake. Not only do you need your mortgage broker in Austin to look out for your interests first, you also need someone to help you understand the entire process, the fees and charges involved, as well as the terms and conditions of the loan. This is what Highlander Mortgage excels at.

This is because Highlander Mortgage knows that there is more to helping our community than just signing them up for loans. It’s about making sure that these good folks who are about to become our neighbors, and whose children are about to attend school with our children, get all of the help that they need in finding the right financial solution to their home financing needs, as well as dealing with a mortgage broker in Austin who gives them their first and best impression of what Texas hospitality is all about.

For more information, visit highlandermortgage.com

06/05/2023

Attention homebuyers and aspiring homeowners! I've got some important news regarding mortgage rates and buying opportunities that you don't want to miss. Here's what you need to know:

Mortgage Rates will be going down. A lot people think that mortgage rate movements are tied to Fed rate movements. However, it’s more accurate to say that they both react to the same thing: inflation expectations. So as inflation starts to abate, experts in the industry predict mortgage rates will decrease. This could happen SOONER than the Fed beginning to lower their Fed funds rate!

Perfect Time to Buy. While rates are still higher than where we would like them to be, the current market presents a unique advantage. Many potential buyers are waiting on the sidelines, waiting for rates to go down. By taking action now, you'll face less competition for homes from other homebuyers, even though the interest rate will be higher. Remember: you can always get a lower interest rate when the opportunity arises; what you CANNOT do is go back in time to pay a lower price for a house. All the homebuyers who are currently on the sidelines will be WISHING they could do that if they wait until rates are lower to buy.

So by buying now, rather than waiting for rates to go down, you will get the best of both worlds: a lower home price, AND a lower interest rate when it comes along.

Now, you’re probably saying, “yeah but then I’ll have to pay closing costs when I refinance.” Well, we got you covered there, too! That's why we're thrilled to offer a fantastic opportunity - a FREE refinance! Learn more about our free refinance offer here: https://www.highlandermortgage.com/refinance-for-free/

05/26/2023

It looks like all the unscrupulous mortgage lenders out there are looking for creative ways to generate revenue during a slow time in our industry. Once again, the preferred method of revenue generation seems to be the time-honored NCR:
Needless Cash-out Refinance.

Some time ago I sent out an email detailing the different ways to pull cash out of your home. There are three: traditional cash-out refinance, home equity loan (HEL), and home equity line of credit (HELOC). Please feel free to reach out to me if you want more information on the last two. What I want to focus on today is the traditional cash-out refinance.

A traditional cash-out refinance involves paying off your current loan with a new loan that is larger, and taking the difference as cash back. This cash you receive is not income, and is, therefore, not taxable. It can be a good method of debt consolidation for some people.

The main problem with doing this is you will be trading in your current ultra-low, never-to-be-seen-again interest rate (especially if you got it from me!) for a much higher interest rate! Also, the closing costs will be MUCH, MUCH higher than what you can get with a HEL or HELOC. So, in short, it's a really bad idea to do a cash-out refinance right now.

Chances are that a mortgage lender that purchases public-available mortgage loan data, or perhaps your current loan servicer, will be reaching out to you to try and talk you into doing one of these cash-out refinances. You may have already been contacted by someone.

Regardless, call me before you do anything. If you need to pull cash out of your home for any reason, there's a really good chance that a HEL or HELOC is a much better way to go. The closing costs will be much lower, and you get to keep the low interest rate on your current loan. I will most likely refer you to a local lender in your area who specializes in this type of loan.

One other thing: it is a good idea to opt out of receiving unwanted marketing calls. We automatically do this of behalf of all our clients, but just to be sure, go to optoutprescreen.com where you can opt out of receiving unsolicited credit offers, or opt in (haha).