Mortgage Lending and the Real Estate Market
For the better part of the last ten years, the Texas real estate market has seen some wide swings and some big changes. In the years following the bursting of the real estate bubble in 2007, the housing market has been downright crazy. To use a psychiatric analogy, it’s been rather “bipolar”, if not downright “schizophrenic”. Its bipolar characteristics include wide swings from one extreme to the other, and its schizophrenic qualities include an apparent detachment from reality, sensibility, and an inability for many people to relate to it. While a variety of factors played into the historic decline, mortgage lending played the largest role in the market’s fall and subsequent...
Indian Harbor Homes for Sale
Welcome to Indian Harbor, one of the first master planned waterfront communities in Granbury. Located just off of Hwy. 144 on Granbury Lake’s west side, Indian Harbor is a great mix of old and new. Its large, diverse neighborhood offers a large selection of homes, various lot types and sizes, and mobile/modular homes all within its borders.
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Indian Harbor is a gated community with 24-Hour Security, a Volunteer Fire Department and sits just outside the city limits. With plenty of amenities and low HOA Fees, it is a popular neighborhood for all types of lifestyles.
The Indian Harbor Community Center features a Pool, Tennis Courts, Playground and Teen Center. The Marina offers a Boat Ramp, Boat Slip Rentals and “Boomers” Lakeside Cafe. Enjoy a local, casual atmosphere offering a hearty breakfast, great burgers and daily lunch specials.
RV Facilities are also available and offer great accommodations for guests and property owners.
If you crave a large, diverse community with lots of recreational activities …. Indian Harbor could be your ideal location!
Listed below are homes for sale in Indian Harbor in Granbury TX. This is a great community for people interested in boating or tennis. We have a great selection of modern and traditional houses here,...
Getting Started in Real Estate Investing for 3.5% Down
If you have looked into real estate investing, you are very familiar with the fact that when purchasing an investment property, you need to put down 25% or more as your down payment. FHA, the Federal Housing Administration, insures mort loans today, and for investors that is their down payment minimum for real estate investment loans. We have a little known trick for getting an FHA insured loan on an investment property, for as little as 3.5%. Before getting to the trick to becoming a real estate investor with little money down, we need to explain a couple things first.
What is FHA?
The FHA was started as part of the National Housing Act of 1934 as a way to help the “average joe” purchase a home. Prior to the FHA, to purchase a home you went through a private lender, who usually required a heavy down payment. At that time, shortly after the great depression, very few people had the 20% (or more) to put down to purchase a home. It was well understood that home purchases were crucial to pull the US economy out of the doldrums, so the FHA was created to assist.
The FHA does not directly lend any money. What the FHA does is give a guarantee for private lenders. The FHA provides a rigid set of underwriting guidelines that the lender must follow to be able to take advantage of the FHA guarantee. If the mortgage lender fits all of the FHA guidelines, they are able to provide a mortgage with as little as 3.5% down, but the lender is guaranteed the difference between the smaller...
The Difference Between Banks and Mortgage Brokers
Buying a house today has many steps and can sometimes seem overwhelming. Although searching for homes for sale is the fun part, obtaining the right lender, to provide the mortgage, is a critical part that many times gets overlooked. One of the big questions that always comes up is the difference between a Bank and a Mortgage Broker.
In many instances, people feel as if they fully know the difference,...