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
.

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: Get pre-approved before house-hunting
.

DO: Consider your future plans

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: 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

DO: Have a good sense of humor

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.

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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🌆 Buying a Home in Katy vs. Fulshear 🏠 | Best Houston Suburb for You?

🏡 Katy vs. Fulshear: Where Should You Buy Your Next Home in 2025?

Bill Rapp, Commercial Mortgage Broker

August 08, 2025•2 min read

🏡 Katy vs. Fulshear: Where Should You Buy Your Next Home in 2025?

🌆 Buying a Home in Katy vs. Fulshear 🏠 | Best Houston Suburb for You?

🌆 Buying a Home in Katy vs. Fulshear: Which Is Right for You?

If you're considering buying a home just west of Houston, two communities are likely on your radar: Katy and Fulshear. Both offer beautiful neighborhoods, strong schools, and family-friendly lifestyles—but which is the better fit for you? Let’s break down the differences so you can make a confident home-buying decision with the right mortgage strategy.

🛣️ Location & Commute

Katy has long been a suburban hotspot with quick access to I-10, making it ideal for commuters working in the Energy Corridor or Downtown Houston. Fulshear, on the other hand, offers a more laid-back, rural feel with new master-planned communities and less traffic—though it's slightly farther from central Houston.

🏘️ Housing Market Comparison

Area

Median Home Price

New Construction

Property Taxes

Katy

$385,000

Moderate

2.4–3.1%

Fulshear

$460,000

High

2.7–3.4%

Katy tends to have more resale inventory and established neighborhoods, while Fulshear is booming with brand-new homes in upscale developments.

🎓 Schools & Amenities

Both cities are served by top-rated school districts, including Katy ISD and Lamar CISD. Katy is packed with shopping, restaurants, and entertainment at places like LaCenterra, while Fulshear boasts a quieter charm with boutique retail and newer medical centers like the upcoming Houston Methodist Fulshear Campus.

🔑 Mortgage Considerations

· First-time buyer? Katy has more down payment assistance options.

· Building or renovating? Fulshear’s newer developments are ideal for one-time close construction loans.

· Higher price point? Fulshear may require jumbo loan financing.

· Want lower monthly payments? Katy offers more affordable home prices and slightly lower tax rates.

🧠 Final Thoughts

When it comes to Katy vs. Fulshear, the “right” choice comes down to lifestyle, commute, budget, and future goals. The good news? Whether you're buying in either location, Medallion Mortgage can help you secure the perfect home loan—from conventional to VA, FHA, jumbo, and construction loans.

📞 Let’s talk about your goals and see what’s possible.

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Bill Rapp - Commercial & Residential Mortgage Broker

Whether you're a first-time homebuyer, a seasoned investor, or a business owner with ambitious plans, securing the right financing is crucial. At Medallion Funds, we take the guesswork out of mortgages, offering a comprehensive suite of residential and commercial loan options to fit your unique needs. Looking for Your Dream Home? We understand the excitement and challenges of navigating the residential real estate market. Our experienced mortgage brokers will guide you through every step, from pre-qualification to closing. We offer a variety of loan programs to suit your financial situation, including: • Fixed-rate mortgages: Offering stability with predictable monthly payments. • Adjustable-rate mortgages (ARMs): Providing competitive rates for a set period. • FHA loans: Making homeownership accessible with lower down payments. • VA loans: Rewarding veterans with attractive rates and flexible terms. Investing in Your Business Future? Growth often requires capital, and we can help you unlock the potential of your commercial property. Our brokers specialize in a wide range of commercial loan options, including: • Purchase loans: Financing the acquisition of new buildings or land. • Construction loans: Facilitating the development of your project. • Refinance loans: Restructuring your existing mortgage for better terms. • SBA loans: Providing access to government-backed financing for qualified businesses. The Medallion Funds Difference: We go beyond simply finding a loan. We take the time to understand your goals and develop a personalized strategy. Here's what sets us apart: • Expertise: Our brokers have a deep understanding of both residential and commercial lending. • Competitive Rates: We leverage our strong lender relationships to secure the best possible terms. • Streamlined Process: We handle the paperwork, keeping you informed every step of the way. • Exceptional Service: We're committed to providing you with a positive and stress-free experience. Ready to Take the First Step? Contact Medallion Funds today for a free consultation. Let's discuss your financing needs and help you achieve your dreams!

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