TexasLending.com Teaches Homeowners about the Role of Appraisers and Underwriters in Home Loan Process

TexasLending.comIn today’s world, homebuyers are often unclear about the roles of both the appraiser and the underwriter throughout a loan process, says TexasLending.com. The company’s highly qualified and experienced staff of professionals stands ready to put clients at ease regarding  all aspects of this complex effort. Working in tandem, the appraiser and the underwriter have distinct tasks that must be accomplished.

Appraisers

TexasLending.com explains the most significant role of the appraiser is to calculate the property’s true value. Most appraisers should have attained a state license, or at least hold certifications or qualifications of some type.  Please note that appraisers are independent contractors and are not employed by TexasLending.com  A licensed appraiser must follow the rules of conduct and code of ethics determined by The Appraisal Foundation.

In the beginning of the process, an appraiser inspects the property both inside and out to look for potential flaws. It’s also necessary to examine nearby homes that might be comparable to determine what particular aspects of the property might be attractive to buyers, adds TexasLending.com. [Read more...]

TexasLending.com Discusses Potential for Texas Housing Bubble

TexasLending.comQ: How does the current housing market in Texas compare with other states?

TexasLending.com: Home prices in Texas are more encouraging than in most states. Only three other states – Oklahoma, South Dakota and Nebraska – have also rebounded to the same rates they’d seen pre-recession.

Q: Why has Texas succeeded in a way that other states haven’t?
 
TexasLending.com: When the American economy collapsed in 2008, the housing bubble wasn’t as extreme in Texas. While many homeowners outside of Texas experienced serious price decline, it was easier to recover in Texas. Generally, Texas has a more stable economy than most states, meaning that the housing market typically does not reach one extreme or another every time there’s a disturbance.

Q: I’m confused about what is and isn’t a housing bubble, can you explain?

TexasLending.com: There is absolutely nothing wrong with asset prices increasing in value. When home prices move up gradually over decades, that is not considered a bubble. In order to be defined as a bubble, there must be a real capacity of that bubble bursting. When a significant amount of people choose to sell during a short period of time, that’s a bubble. [Read more...]

Credit Improvement Tips from TexasLending.com

Texas LendingEven in today’s economy, it is possible to repair damaged credit ratings, says TexasLending.com

TexasLending.com, one of the leading mortgage brokers in Texas, says that people with a credit score of just 620 may be eligible to buy a home at the present-day low rates and bargain prices. However, many Americans are sitting on credit ratings of 500 or less and fear the American dream may never become reality, reports TexasLending.com. Here, TexasLending.com offers some practical advice about how to get a wayward credit score in position for future purchases.

Face Your Fears

According to TexasLending.com, many people don’t want to see their score out of fear of the unknown. It’s important to face those fears and check your credit report from all three major credit reporting agencies, says Kevin Miller, CEO of TexasLending.com. Experian, Equifax, and TransUnion all calculate scores with a slightly different algorithm and some creditors may not report to all three. Even if one score is under that 620 point mark, the average is what most creditors look at so you may have better overall credit than you’d expect, points out TexasLending.com. Either way, knowledge is power and once you know where you stand you can decide where you are going. [Read more...]

Press / Media Mentions of TexasLending.com


TexasLending.com Honored With Prestigious Consumers’ Choice Award for 6th Straight Year
TexasLending.com founder Kevin Miller announced recently that his firm has been recognized with the Consumers’ Choice Award in its category for the sixth year in a row. The award is given only to those businesses, like TexasLending.com, that have shown superior customer service and a staunch dedication to their clients.

TexasLending.com Honored With Prestigious Consumers’ Choice Award for 6th Straight Year
TexasLending.com founder Kevin Miller announced recently that his firm has been recognized with the Consumers’ Choice Award in its category for the sixth year in a row. The award is given only to those businesses, like TexasLending.com, that have shown superior customer service and a staunch dedication to their clients.

TexasLending.com Honored With Prestigious Consumers’ Choice Award for 6th Straight Year
TexasLending.com founder Kevin Miller announced recently that his firm has been recognized with the Consumers’ Choice Award in its category for the sixth year in a row. The award is given only to those businesses, like TexasLending.com, that have shown superior customer service and a staunch dedication to their clients.

TexasLending.com on Leading Social Networks

Connect with TexasLending.com on Facebook, Twitter, Google+ and Linkedin
Connect with TexasLending.com on Facebook
Join our fan page on the world’s largest, fastest growing social network, and interact with other like minded folks. Plus, get updates, fresh content and other good stuff.
Follow TexasLending.com on Twitter
Subscribe to our article feed on Twitter, and be the first to get our freshest content.
Follow TexasLending.com on Linkedin
Subscribe to our article feed on Linkedin, and be the first to get our freshest content.
Follow TexasLending.com on Google+
Subscribe to our article feed on Google Plus, and be the first to get our freshest content

TexasLending.com Profile on LinkedIn