Houston Home Loans

When looking to purchase a new home, a little extra help is necessary. Find the right loan for you:

Home Mortgage Loan: the transfer of interest in property to a lender as a security for debt is called a mortgage. The mortgage itself is not a debt, but It is the lender’s security for a debt. The transfer of an interest in land (or the equivalent) from an owner to a lender as long as the condition is the interest will be returned to the owned when the terms of the mortgage are fulfilled.

• Fixed Rate Mortgage: a mortgage loan where the interest rate remains the unchanged through the period of the loan.


• Adjustment Rate Mortgage: a mortgage loan where the interest rate may be periodically adjusted based on a variety of reasons.

Home Equity: the real property value and may serve as collateral for a home equity loan or home equity line of credit or HELOC.

• Home Improvement: home equity loans used for home improvements to increase the equity of your home.


• Debt Consolidation: merging of interest payments into one monthly payment.

Government Loans: this loan protects lenders against defaults on payments making it easier for lenders to offer borrowers lower interest rates. Its main use is to enable home ownership to lower income households or first time buyers.

• FHA Loan: a federal-backed mortgage loan in the United States insured by the Federal Housing Administration. The loan may be issued by federally qualified lenders.


• VA Loan: designed to offer enduring financing to American Veterans or their surviving spouses (as long as they don’t remarry) a mortgage loan in the United States. It is guaranteed by the U.S. Department of Veterans Affairs. The loan may be issued by qualified lenders.


• USDA Loan: United States Department of Agriculture home loan.

Refinancing: may be used to decrease interest rates or expenses by refinancing at a lower rate, to lengthen the repayment time, to pay off other debt(s), to reduce the periodic payment responsibility, to diminish or modify a risk, or to raise cash for an investment, consumption, or payment of a dividend.