Mortgage Info

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If you're like most buyers, a home is the most expensive purchase you'll ever make, and you'll probably need some form of financing.   There are many lending institutions that offer a variety of mortgage products. 

Financing options and rates can vary widely, so it is important to do your research and shop around to ensure you get the mortgage that best meets your needs at the best price.   I would be happy to refer you to some very good mortgage contacts I have in Dallas, or to help you in any other way I can to secure the best possible rate for your home purchase.   

Use the mortgage calculator below to help you determine what your mortgage payments will be based on purchase price, interest rate and mortgage term, as well as other factors. The amortization table shows what the interest and principal payments will be over the term of the mortgage.

Should you buy or rent? This is a question most of us will likely face in our lives, whether buying a house makes more financial sense than renting a home For buying, the total costs compare the total amount of money you would be spending over time, minus the potential value you might receive if you someday sell the property. 

View the interactive graph and see what this looks like at different times, and how it compares if you were instead paying rent. From the tool, you'll see that the amount of time you plan on keeping the home has a major impact. 

To get more personal, you can customize the advanced options to crunch more specific numbers and evaluate more specific scenarios. But keep in mind that a financial comparison is just one of many factors when deciding whether to rent or buy.