Mortgages By Alexis

Mortgages By Alexis Local heart. National strength.
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🏡 Alexis Farrar | Mortgage Strategist | Loan Officer– PrimeLending
Making mortgages simple 🏠✨ FHA • VA • USDA • Jumbo • Reno • Refi
📍 DFW | Plano | Frisco
Expert strategy. I’m Alexis Farrar NMLS: 283785 Loan Officer with PrimeLending, a national mortgage lender making the home loan process simple.

05/30/2026

“You need 20% down to buy a home.”

I still hear this all the time, and it’s simply not true.

This week, one of my clients used down payment assistance, received seller credits to cover closing costs, brought $0 to closing, and even got money back at closing.

Every buyer’s situation is different, but don’t let outdated advice stop you from exploring your options. You may have more paths to homeownership than you realize.

05/29/2026

Your first home doesn’t have to be your dream home, but it can be your steppingstone for your down payment on your dream home.🏡💖

05/28/2026

It blows my mind how many homeowners I’m talking to lately who bought homes just 2–3 years ago and are now shocked that their mortgage payment jumped by $500–$600 per month 😳

And no… it’s usually not because their interest rate changed.

Most of the time, property taxes and homeowners insurance increased, creating a major escrow shortage.

At closing, lenders collect escrow reserves upfront - but over time those costs rise.

That’s why I always recommend homeowners start adding an extra $50–$100/month toward escrow early to help build a larger cushion and avoid dramatic shortages later.

Most people are never taught this until they get blindsided by the notice in the mail.

Follow me for real-world mortgage tips homeowners actually need to know 🏡





The APR (Annual Percentage Rate) is different because it includes many of the costs associated with getting the loan, ex...
05/26/2026

The APR (Annual Percentage Rate) is different because it includes many of the costs associated with getting the loan, expressed as an annual percentage.

That’s why the APR is usually higher than the note rate.

Two lenders can advertise the same interest rate, but the total cost of the loan may be very different depending on fees, points, and loan structure.

This is why you should compare more than just the rate when shopping for a mortgage. 🏡


Most people think paying off collections before applying for a mortgage will HELP their credit score…But sometimes it ca...
05/25/2026

Most people think paying off collections before applying for a mortgage will HELP their credit score…

But sometimes it can actually lower it. 👀

Mortgage credit scoring is very different from the scores you see on apps like Credit Karma. And I’ve seen buyers accidentally hurt their approval chances trying to “fix” their credit first.

Sometimes the smarter strategy is:
✔️ lowering credit card balances
✔️ timing payoffs correctly
✔️ knowing WHICH debts actually matter

This is why you should never make major credit moves before talking to a mortgage professional first.

Thinking about buying a home soon?
DM me “SCORE” before you touch anything on your credit report. ✅

05/24/2026

How I’d buy a home in 2026 as a mortgage loan officer.

There are currently 630,000 more sellers in the US than there are buyers. This means buyers have leverage to negotiate for seller credits to buy down their interest rate and/or pay for closing costs.

These buying strategies, and more, can help you save thousands on your mortgage.

DM “HOME” and I’ll help you put your game plan together.

I’ll go first: Putting down my phone when I’m hanging out with family or friends.
05/24/2026

I’ll go first: Putting down my phone when I’m hanging out with family or friends.

“My 401k is almost at $401k…”Yeah… what a terrible problem to have. 😂Some people are 36 wondering if they’ll ever retire...
05/23/2026

“My 401k is almost at $401k…”
Yeah… what a terrible problem to have. 😂

Some people are 36 wondering if they’ll ever retire.
Others are upset because their retirement account is only pushing HALF A MILLION before 40.

Listen… having money locked away for your future isn’t failure.
It’s discipline paying off.

Also, let’s be honest - if most people could touch their 401k whenever they wanted, half of it would disappear into:
☕ Starbucks
🚤 boats they can’t afford
📱 Amazon “deals”
and a kitchen remodel they found on TikTok.

Delayed gratification is hard… but broke at 60 is harder.

Address

8560 Belleview Drive 3rd Floor STE 325
Allen, TX
75024

Opening Hours

Monday 9am - 6pm
Tuesday 9am - 6pm
Wednesday 9am - 6pm
Thursday 9am - 6pm
Friday 9am - 6pm
Saturday 9am - 5pm
Sunday 9am - 5pm

Telephone

+19729776364

Website

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