Mortgage Do's And Don'ts
Mortgages can be tricky, and it's easy to make mistakes that can end up costing you dearly. That's why we've put together this list of Mortgage Do's and Do not's to help you navigate the process with ease - and a little bit of humor.
DO: Shop around for the best mortgage rates
DON'T: Assume your bank will give you the best rate just because you have a checking account there. Remember, loyalty is a two-way street.
DO: Have a budget in mind
DON'T: Get in over your head. Just because you can technically afford a million-dollar mansion doesn't mean you should buy one. You don't want to be house-poor and unable to afford groceries.
DO: Get pre-approved before house-hunting
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DON'T: Assume you'll be approved for a mortgage just because you have good credit. Pre-approval is important because it gives you a better idea of how much house you can afford and shows sellers that you're serious.
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DO: Consider your future plans
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DON'T: Assume you'll live in your new house forever. Life happens, and you may need to sell sooner than you think. Make sure you're not getting into a mortgage that you can't realistically afford if you need to move in a few years.
DO: Get pre-approved before house-hunting
.
DON'T: Assume you'll be approved for a mortgage just because you have good credit. Pre-approval is important because it gives you a better idea of how much house you can afford and shows sellers that you're serious.
.
DO: Consider your future plans
.
DON'T: Assume you'll live in your new house forever. Life happens, and you may need to sell sooner than you think. Make sure you're not getting into a mortgage that you can't realistically afford if you need to move in a few years.
DO: Read the fine print
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DON'T: Sign on the dotted line without reading the terms and conditions. There may be hidden fees or clauses that could come back to haunt you later.
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DO: Be prepared for unexpected expenses
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DON'T: Assume everything will go smoothly. There may be unforeseen expenses, like a leaky roof or a broken furnace, that can quickly drain your savings. Be sure to budget for these types of surprises.
DO: Read the fine print
.
DON'T: Sign on the dotted line without reading the terms and conditions. There may be hidden fees or clauses that could come back to haunt you later.
.
DO: Be prepared for unexpected expenses
.
DON'T: Assume everything will go smoothly. There may be unforeseen expenses, like a leaky roof or a broken furnace, that can quickly drain your savings. Be sure to budget for these types of surprises.
DO: Have a good sense of humor
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DON'T: Take everything too seriously. Yes, buying a house and getting a mortgage can be stressful, but try to find the humor in the situation. After all, laughter is the best medicine for a stressful day.
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By following these Mortgage Do's and Do not's, you'll be well on your way to successfully navigating the mortgage process - with a smile on your face. Good luck, and happy house hunting!
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🏠📜 New Texas Eviction Law: A Game-Changer for Landlords & Tenants! 🔥⚖️
🏠📜 New Texas Eviction Law: A Game-Changer for Landlords & Tenants! 🔥⚖️
🚀 No More Notice? Texas Bill Could Speed Up Evictions! ⚠️🏡
The Texas Legislature is making waves with House Bill 32, a proposed law that could fast-track evictions and give landlords more power to remove tenants—including squatters—without the usual legal hoops. But is this a win for property owners or a threat to renters’ rights? 🤔🏠
🔥 What’s Changing?
No More Notice to Vacate 🚫📜 – Landlords wouldn’t need to give a 3-day warning before starting the eviction process.
Fast-Track Evictions ⚡🚪 – Tenants could lose their case without a trial if they fail to respond within three days.
Squatter Crackdown 🏚️ – Lt. Gov. Dan Patrick & Gov. Greg Abbott have made this a priority in response to alleged squatter horror stories.
💥 Why This Matters:
Landlords gain more control over their properties, making it easier to remove illegal occupants quickly.
Renters face a tougher legal battle if falsely accused or unable to make it to court—especially in rural areas.
Texas real estate investors & property managers should stay informed because these changes could reshape the eviction process statewide.
📢 Everything is Bigger and Better in Texas—but is House Bill 32 going too far, or is it a necessary step to protect property owners? Let’s discuss! 💬👇
#TexasEvictions #LandlordRights #TenantRights #SquatterLaws #HoustonRealEstate #RentalProperty #TexasHousing #CommercialRealEstate
Looking to buy, sell, or finance commercial real estate?
Work with an experienced Commercial Real Estate & Mortgage Broker you can trust!
Call me at 281-222-0433 today!
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