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Dana Staniec

Refinance Your Houston Loan and Enjoy a Lower Monthly Payment

11-12-10
Dana Staniec

During this time of year, many homeowners find themselves juggling their regular mortgage payment in addition to extra expenses that come with the holiday season. While winter temperatures in most cities are chillier than in Houston, holiday expenditures can make consumers a little hot under the collar when bills start arriving in their mailbox. One expense that they can actually reduce is their monthly mortgage payment. While no one can predict how long mortgage rates are going to last, most people would agree that current rates are at consumer-friendly levels, making now a great time to refinance your home loan.

Reduce Your Mortgage Payment While Rates Are Favorable

Many Texas residents are currently making payments on a mortgage with an unnecessarily high interest rate. By refinancing now when rates are low, you can begin managing your spending and saving and start 2011 off with a more comfortable debt level. You can use this extra cash to make those home improvements you've been putting off or add a little extra money to your rainy day fund or retirement account...the possibilities are endless!

Work with a Houston Loan Professional

Evaluate your financial goals and see if a Houston loan is the right choice for you. As a Quicken Loans mortgage professional licensed in Texas, I have helped many clients refinance into a lower mortgage payment and save thousands of dollars over the life of their loan. Research your refinance options, and if you're ready to move forward, get in touch with me at Quicken Loans today!

New Homes, Houston Mortgage Loans on the Rise

09-09-10
Dana Staniec

No industry has been hit harder by the recession than home construction. According to a report released in August by the U.S. Department of Commerce, new home construction fell to its lowest levels on record since 1963. And Texas is no exception.

There is hope though.

Texas Comptroller Susan Combs writes in an Aug. 30, 2010 report at TexasAhead that in the 12 months ending June 2010, more than 69,500 building permits for single-family homes were issued. That's 15 percent more than in the 12 months ending June 2009. Builders are more likely to keep building in states where the foreclosure rate is comparatively low. Texas is one of them.

The greater-Houston area in particular seems to be home to several subdivisions filled with the sounds of construction. However, what if you don't feel like waiting to build a new home?

Take Advantage of Record-Low Houston Mortgage Loans

Record-low mortgage rates have created plenty of inventory and motivated sellers willing to take less than even the comparable-sales prices their real estate agents are suggesting. Buyers are snatching up what they hope will eventually look like great deals.

So what's this mean for you?

Work with a Houston Mortgage Loans Professional

This is a great opportunity to evaluate your financial situation and see if refinancing or even buying with Houston mortgage loans is the right choice (it probably is). Refinancing will save you cash by lowering your monthly mortgage payment. Depending on your financial situation, you could save thousands in interest by locking-in a lower rate.

As a Quicken Loans home loan expert licensed in Houston, I have helped many clients buy a new home or refinance into a lower monthly mortgage payment with a home mortgage. Whether you want to refinance or buy a home, if you're ready to move forward get in touch with me at Quicken Loans today!

A Word from Joel Gurman, Vice President of Quicken Loans

Let me leave you with some good advice from my friend and mentor Joel Gurman Quicken Loans. He stresses doing your own research and empowering yourself to make the best financial decision possible when you are looking to refinance or buy a home. Go online, ask family and friends, and always consult a trusted mortgage professional. Good luck!

Ease the Financial Burden with Houston Home Loans

09-01-10
Dana Staniec

The recession has hit us where it hurts most – our pocketbooks. Home prices are down. People continue to struggle to find work. To alleviate the toll of the downed economy, many families are moving in with relatives.

According to a recent survey by AARP Bulletin, 11 percent of those surveyed between the ages of 35 and 44 reported living with their parents or in-laws. Eleven percent of those over the age of 50 said they were living with their grandchildren or parents, and 19 percent said they were living with their children.

"The recession is having an impact on people of all ages, and the effects are starting to be felt at home," said Jim Toedtman, vice president and editor of AARP Bulletin in a recent Click2Houston.com article. "We see more people living under the same roof as their parents and their adult children. As Americans face tougher economic conditions, we'll likely see more of this."

With all the negative news lately, is there a place where the grass is greener?

Houston Home Loans Are at Record Lows

Mortgage rates are at historic lows. Really, rates haven’t been this low since Eisenhower was president in the 50’s! While many are extremely cautious with any large financial decisions because of the faltering economy, I think everyone should at least consider refinancing before rates go back up. They may never be this low again!

Work with a Houston Home Loans Professional

Consider this great opportunity. Evaluate your financial situation and see if refinancing with Houston home loans is the right choice (it probably is). Refinancing will save you cash by lowering your monthly mortgage payment. Depending on your financial situation, you could save thousands in interest by locking-in a lower rate.

As a Quicken Loans home loan expert licensed in Houston, I have helped many clients buy a new home or refinance into a lower monthly mortgage payment with Houston home loans. Whether you’re looking for FHA Loans, VA Loans, fixed-rate, or adjustable rate mortgages, if you’re ready to move forward get in touch with me at Quicken Loans today!

Listen – this REALLY is the best time for Houston Refinance

08-23-10
Dana Staniec

Hey everyone.

My first blog post.

I'm excited and I want to start with "hello" and "did you know mortgage rates were at their lowest levels since 1955?"

That's right. You don't need glasses. This week, mortgage rates dropped to their lowest levels since 1955, according to the National Bureau of Economic Research.

Which brings me to the main point of this post.

This is a GREAT time for a Houston refinance

If you are above 6% on your mortgage right now and you have the equity to refinance, shame on you. You are spending money you don't need to. I URGE you to get in touch with a Houston refinance professional and have your financial situation reviewed.

If you worked with me, I'd run your credit (of course), review your assets, your expenses, and your income and then work with you to determine whether a refinance makes sense for you. If you are over 6%, I can almost guarantee it does. Assuming you can qualify, you'll probably save some nice money. That's cash back in your pocket each month. I have a good feeling you'll find things to do with that money.

Buying a home in Houston is a great idea for the same reason a Houston Refinance makes sense

So, we're clear that NOW is the time to refinance your Houston mortgage. That's a no-brainer. But what about buying a home?

Well, if rates are at historic lows and home prices are lower than they've been in a long time, my guess is the same thing holds true for buying a home in Houston. If now is a great time for a Houston refinance, it's also a REALLY good time to buy a Houston home.

Interestingly, not everyone thinks so. In fact, a recent article in the Houston Business Journal claims that about one quarter or current renters will NEVER buy a home. What? Excuse me? Twenty-five percent of all renters don't ever want to buy a home? They don't want to take advantage of low home prices and the lowest rates since their grandparents were young? Or the tax advantages of homeownership?

I'm not sure what to think of that. I'm going to dig into this and see if I can find more information. It certainly doesn't make any sense to me.

Just do it. Get a Houston refinance

So get on the phone, email, or web (however you want to communicate with your Houston refinance pro - or home buying pro) and get started. You can save money. Don't you want to?