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 from every corner of the State of Texas, including the Permian Basin area. Not all lenders are alike. I encourage you to check out your lender thoroughly and beware of Internet lenders. If it sounds too good to be true, it usually is. It is better to stick with local lenders, especially in the BoomTime economy. These days it is taking 45-60+ days to close on a mortgage loan....depending on your lender. Call/text/email me for a list of the top lenders in this area.
I can also put you in touch with commercial lenders, if you are looking at a commercial property...let me know and we will get started :)
Use the mortgage calculators below to assist you in making some decisions around financing your new home.
This calculator will help you determine how much money you qualify to borrow. The results are informal. You will be subject to a credit approval from your financial institution taking into consideration existing debt load, amount of down payment, income and other variables.
This calculator will 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.