Addison Baldwin Group

First United Mortgage Group

  • Home
  • Blog
  • Pre-Qualify Now
  • Rate Quote
  • Contact

Use A Fixer-Upper Mortgage To Expand Your Options

May 17, 2022 by Michael Addison

Many people purchasing a home for the first time are running into the same problem. There simply are not enough starter or entry-level houses available in the current market that are ready for people to move into. One solution some home buyers are exploring is to buy a fixer-upper home. With a home renovation mortgage, prospective homebuyers can qualify for a home loan that combines the cost of home improvements with the purchase price of the house. A Lack Of Affordable Homes Regardless of whether they are brand new or resale homes, there simply are not enough affordable homes for first-time homebuyers. A significant number of new houses are built for people who are looking to purchase their … [Read more...]

Filed Under: Mortgage Tagged With: Mortgage, Refinance, Renovation Loan

Refinancing: Check Your Financials First

May 4, 2022 by Michael Addison

Although interest rates continue to rise, they are still low and you have probably heard that refinancing could help you save money on your home loan. Even though you are probably focused on current mortgage interest rates, feverishly comparing them to your own interest rate, you need to check your financials first. What are a few important indicators of your financial health that you need to check before you go through the refinancing process? Check Your Credit Report During the refinancing process, you will essentially replace your current home loan with another one. Therefore, the lender is going to check your credit report, so you should do so before your lender does. You can request one … [Read more...]

Filed Under: Mortgage Tagged With: Debt to Income, Mortgage, Refinance

Common Fees During Refinancing

April 14, 2022 by Michael Addison

As interest rates fluctuate, you might think about refinancing your mortgage. This is the cost of taking out a new home loan to replace the one you currently have. If you get a significantly lower interest rate, you could save tens of thousands of dollars over the life of the mortgage. On the other hand, you need to think about potential expenses you might incur during the refinancing process. Because you are taking out another home loan, you may need to pay closing costs a second time. What are some of the most common expenses you might have to pay? The Mortgage Application Fee One of the most common expenses is the mortgage application fee. Essentially, this is a fee that the lender will … [Read more...]

Filed Under: Mortgage Tagged With: Fees, Mortgage, Refinance

Taxes And A Cash-Out Refinance: What To Know

April 13, 2022 by Michael Addison

If you decide to go through the refinancing process, there are several options available. One of the most popular options is a cash-out refinance. Essentially, you capitalize on the difference between current interest rates and the interest rate on your home loan to keep your payments the same while also drawing equity out of your home in the form of cash. You can use this money to fund your retirement, complete home repairs, or do a renovation project. Even though you can do just about anything you want with this cash, what do you need to know about a cash-out refinance and taxes? You Do Not Have To Pay Taxes On Your Cash-Out Refinance You don't have to pay taxes on the cash stemming … [Read more...]

Filed Under: Mortgage Tagged With: Cash Out, Mortgage, Refinance

  • 1
  • 2
  • 3
  • …
  • 6
  • Next Page »
headshot

Michael Addison & Jessica Baldwin

Loan Officer
NMLS 603214 | 857625
Call Us Today!
214-233-5123

PRE-QUALIFY NOW  

FREE RATE QUOTE   



Addison Baldwin

Connect with Us

Let’s Keep In Touch!

  • This field is for validation purposes and should be left unchanged.

Browse Articles by Category

Recent Articles

  • What Fees Are Involved With a Reverse Mortgage? Let’s Take a Look
  • Use A Fixer-Upper Mortgage To Expand Your Options
  • What’s Ahead For Mortgage Rates This Week – May 16, 2022
  • Wondering How Much Mortgage You Can Afford? Here’s How to Calculate It
Equal Housing Lender
NMLS Consumer Access
Member FDIC | Equal Housing Lender | NMLS# 400025

Looking for something?

Our Location


2805 N Dallas Pkwy, Ste 525
Plano, TX 75093

Copyright © 2022 · Powered by MySMARTblog