Texas Mortgage Pros Urges Potential Homeowners To Take Action Ahead Of Rate Hike
Getting in on current market rates could generate long-term savings, publishes thetexasmortgagepros.com
Houston, Texas – January 9, 2017 /MarketersMedia/ —
With annual real estate forecasts now released, industry experts are predicting an upturn in the Texas housing market. Members of the Mortgage Bankers Association expect mortgage rates to rise steadily during the coming year, reaching a 4.4 percent peak during the fourth quarter. At the same time, an estimated 7 percent surge in home prices is anticipated by year’s end. In light of these prognoses, Gerry Nicodemus of The Texas Mortgage Pros (http://thetexasmortgagepros.com) has launched efforts to encourage potential homeowners to take advantage of the current market status.
Said Nicodemus, “Now is a great time for hopeful home buyers to turn their dreams into reality. It’s also the perfect time for anyone considering refinancing to take action. Locking in a fixed loan now while rates are low could amount to significant savings in the long run, and getting in on the market before housing prices go up is a definite advantage. We have a number of loan options at our clients’ disposal, both traditional and non-traditional, geared toward a broad range of incomes and financial standings.”
Texas Mortgage Pros offer traditional home loans with either fixed or adjustable rates. In most cases, a minimum credit score of 640 is required for these types of loans with 5 percent of the total price of the home due at signing. Refinancing and reverse mortgages are likewise available.
FHA loans are being made available through the company as well for first-time buyers, lower-income applicants and those with past credit issues. As opposed to conventional loans, these typically require 3.5 percent down payments and are within reach of those with credit scores ranging from 580 to 620. As is the case with traditional options, both fixed and adjustable rates are offered. Further details can be found at http://thetexasmortgagepros.com/fha-loan-requirements/.
Concluded Nicodemus, “We’re here to help those in our area become homeowners and make every effort to determine the best options for our clients. We also strive to stand by their side through every step of the buying process. Anyone interested in purchasing a home in the near future is urged to get in on the potential savings as early as possible this year before prices and mortgage rates surge. We look forward to doing our part to put more Houston-area residents in homes of their own during the months to come.”
About The Texas Mortgage Pros:
Offering a variety of home loan options, The Texas Mortgage Pros serves potential home buyers throughout the greater Houston area.
For more information, please visit http://thetexasmortgagepros.com
Contact Info:
Name: Gerry Nicodemus
Organization: The Texas Mortgage Pros
Phone: (281) 860-2533
Release ID: 159794
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