North Texas Real Estate Blog

The great plus for buyers of Southlake, Colleyville, and other homes in Tarrant County is the mortgage competition born of the loan crises.  All mortgage companies have had to cut costs and deliver more efficiently to the buyers of Southlake and Colleyville real estate.  Even though rates did go up for a while, lower margins are being passed on to the consumer.

Buyers of Tarrant as well as Denton County real estate always need to keep the bigger picture in mind.  North Texas real estate has steadily gained in value over the last few decades.  With such a great location in the Metroplex, there is no stopping the trend.  Homeowners are enjoying property value increases. 

That means that there is more to the equation than the interest rate, which is now going down a bit again.  We offer a wonderful quality of life where our homes in Southlake are near Grapevine Lake, the Dallas/Fort Worth International Airport, a vast amount of employment options, the best schools and universities, and a vast array of cultural and leisure activities.  Our quality of life has a value and many of our communities are ranked Best Places to Live, Most Affordable, etc. 

Even if the interest rates move back up, the inflation means that your home is also worth more, goods cost more, and you are making more money, right?  So, it is best not to make the interest rate or even the price of the home deter you from considering real estate that meets the needs of your family.

Ask around for good references for a mortgage company—they are not all equal.  The best companies will have mortgage products that can mitigate some of the costs that you anticipate when buying a home.  It is important to be sure that your loan officer has experience, can come up with creative solutions, will follow the transaction each step of the way, and is able to deliver effective customer service. 

Choosing a professional with sincerity and professionalism will simplify the myriad options for loans that can be confusing for the first home buyer.  Fixed-rate mortgages offer an interest rate that stays put for 15, 20 or 30 years.  There are adjustable rate mortgages that are the best option for a select group of people to start out with.  Many of the loans originating in our state have lower rates than other areas of the country.  Add to all of this the point system and Private Mortgage Insurance, and you’ll see that it takes skill to present clients with the best possible package.

We are happy to assist the homebuyer to find a good mortgage company in the area.  Contact Dave Warden at (817) 706-3291 for assistance when relocating to the Metroplex.