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
.
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
.
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
.
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
.
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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🌴 Why Florida Investors Are Shifting Capital to Texas: The Next Big Move in Real Estate 🏗️
🌴 Why Florida Investors Are Shifting Capital to Texas: The Next Big Move in Real Estate 🏗️
💸 From Miami to Houston: Why Florida Investors Are Betting Big on Texas Real Estate 🤠
🌴 Why Florida Investors Are Moving Capital to Texas
For years, Florida has been a magnet for real estate investors chasing sunshine, population growth, and strong rental demand. But as the market matures — and prices climb — a growing number of Florida-based investors are now redirecting capital to Texas, seeking better yields, lower taxes, and scalable opportunities.
At Medallion Funds, we’re seeing this trend firsthand as investors trade the beaches of Miami for the booming corridors of Houston, Austin, Dallas, and San Antonio. Here’s why this capital migration is accelerating — and how Texas is becoming the new investment frontier.
1. Tax and Policy Advantages
Texas and Florida both lack state income tax, but Texas often wins on property tax offset and commercial incentives. Many Florida investors are discovering that Texas municipalities offer aggressive incentives for job creation, development, and investment in industrial, retail, and multifamily projects.
Plus, local governments in Texas are more pro-business, cutting through red tape that often delays permitting and approvals in coastal markets.
2. Population & Job Growth: The Engine Behind Returns
Florida’s population boom has plateaued, while Texas continues to add nearly 1,000 new residents daily. The influx of corporate relocations, tech firms, and energy expansion — especially around Houston’s Energy Corridor and Austin’s tech hub — creates massive demand for housing, logistics, and office space.
For investors, that means consistent rent growth, strong absorption, and lower vacancy risk across most Texas metros.
3. Lower Entry Costs & Higher Yields
A Class B multifamily property in Miami might trade at a 4.5% cap rate, while a comparable asset in Houston could still offer 6%–7% — with lower insurance premiums and less exposure to coastal climate risk.
Similarly, Texas offers industrial and IOS (Industrial Outdoor Storage) opportunities at price points that Florida simply can’t match. For yield-driven investors, that’s a clear invitation.
4. Infrastructure & Development Momentum
Texas is investing heavily in infrastructure expansion, from the I-10 corridor to Grand Parkway in West Houston, creating new development zones and connecting key logistics routes.
Florida, meanwhile, faces tighter land constraints and more regulatory oversight. Texas’ pro-growth stance continues to attract developers and institutional capital alike.
5. The Financing Edge
For those deploying capital in Texas, the lending landscape is equally attractive. Lenders prefer markets with strong fundamentals and liquidity, and Texas consistently ranks among the most favored for both bank and non-bank originations.
Through Medallion Funds, investors can access bridge loans, DSCR loans, and long-term commercial financing structured for cash flow and scalability.
Final Takeaway
Florida will always be a prime market — but for investors chasing growth, Texas offers the next great expansion story. Lower acquisition costs, faster growth, and business-friendly governance make it a logical next step for portfolio diversification.
👉 At Medallion Funds, we help investors seamlessly transition capital into Texas assets — whether that’s a stabilized multifamily deal, a retail strip in Katy, or an industrial yard in Brookshire.
Call to Action
Ready to explore opportunities in Texas?
Visit BillRappOnline.com or schedule a strategy call today.
Your next best investment might be in the Lone Star State. 🌟
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© 2023-2024 Bill Rapp, Medallion Funds LLC, Director of Capital Advisory
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