Texas based Mortgage Broker Brian Schroeder discusses mortgage refinancing at a new web site that is full of free reports, a home buying guide and free mortgage calculators. The site is designed to give Texas residents all the facts about mortgage refinancing so they can make an educated decision when obtaining a mortgage.

Round Rock, TX -- (ReleaseWire) -- 03/24/2009 -- Mortgage rates plunge this week, as the Federal Reserve makes moves to lower rates associated with home mortgages. Texas mortgage broker, Brian Schroeder, has seen the industry ups and downs. He sees the current environment as one of rare opportunity for both home buyers and home refinances to secure all time low rates.

"This is most certainly the greatest opportunity in recent history, since early 1970, for someone to come in and either buy a home or refinance an existing one and receive a fantastic rate" Brian Schroeder said, a Texas based mortgage consultant. "There is definitely some excitement and buzz over it".

"I have seen current homeowners lower their rate, shorten their loan period down to 15 years and have a lower payment than their current one" Schroeder goes on to say. "This is huge when you can shorten someone's payoff from 24 or 25 years down to 15, and lower the rate. The two have a multiplier affect which builds equity super fast in the home". On the other hand, if someone needs to free up money on a monthly basis, refinancing to a lower rate at a 30 year term can save hundreds of dollars a month.

For those who want to buy a home in the months ahead, Uncle Sam has a little present for you. A tax credit of up to $8,000 is now available for qualified first-time home buyers purchasing a principal residence on or after January 1, 2009 and before December 1, 2009. Unlike the tax credit enacted in 2008, the new credit does not have to be repaid. The tax credit is equal to 10 percent of the home's purchase price up to a maximum of $8,000. "This ends up being a sort of rebate for the down payment" Schroeder said.

"With refinancing as popular as it is right now, Texas residents have to be even more careful about shopping for the best loan," says Schroeder. "Even the most attractive offer can wind up being a disaster once you realize how much the loan is really costing you."

Schroeder offers these tips when considering refinancing:

* You should get a significantly lower rate for refinancing to make sense. Don't rush to refinance unless it's truly worth your while. If you're working with a mortgage broker rather than going it alone, you can be assured that they're bringing you the best offers out there. If you're going it alone, you'll have to do the legwork for yourself.

* Consolidating unsecured debt with a refinance loan can be a dangerous idea. You may not be in financial trouble now, but if in a few years things change, instead of simply missing a credit card payment or two, you'll now be in danger of losing your home as well.

* Your credit score counts... big time. If you've had credit problems in the past like a bankruptcy, it might make sense to wait a while for your credit score to recover before trying to refinance. Most lenders make it hard for people with less than perfect credit to get the best deals. But, again, if you choose to let an expert like a mortgage broker get involved in the process, they can often find loan options that most homeowners didn't even know existed - which can save you thousands over the long haul.

Round Rock, Texas - based mortgage expert Brian Schroeder specializes in providing mortgage information to Texas residents that allows them to make informed decisions about their mortgage financing options and learn the insider secrets that can save them thousands of dollars over the life of their loan.

Brian Schroeder is available for interviews and will welcome all your mortgage related questions.

Call 512-680-0623 for a Free No-Obligation Consultation or visit http://texasmortgagehelp.com

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Austin and Round Rock Texas based Mortgage Broker Brian Schroeder reveals mortgage refinancing secrets at a new web site that is full of free reports, a home buying guide and free mortgage calculators. The site is designed to give Texas residents all the facts about mortgage refinancing so they can make an educated decision when obtaining a mortgage.

Round Rock, TX -- (ReleaseWire) -- 01/15/2009 -- With the rush to refinance home loans, not seen since the great refi boom in 2003, homeowners need to ask themselves some important questions. Not everybody should refinance, and those that should, its important to choose the right loan for your financial well being.

So before you go and get "sold" a loan by someone on the other end of an 800 number, or someone who is not licensed and part of a phone room taking random calls from people like you from across the United States, make sure you're able to talk to a Mortgage Advisor.

"Not many are aware that an individual answering the phone at anyone of the large banks are not required to be licensed", says Brian Schroeder, an Austin and Round Rock, Texas based mortgage consultant. "Texas is one the states that requires a Mortgage Advisor, or broker, to not only be licensed, but to take continuing education courses in order to remain abreast of best practices. And the Mortgage Advisor is able to deliver a loan at or below the rates of the banks with competitive costs."

Schroeder offers these tips when considering refinancing:

1) Consider what your motivations are for the refinance. Do you want to lessen the burden each month and have lower payments? Or are OK every month and not pinched, but want to get a lower rate so as to lower the amount of interest you pay over the life of the loan? How about getting rid of your Mortgage Insurance?

A mortgage Advisor can you show you loan options that can save you tens of thousands of dollars in interest either way. In many cases the loan can be paid off in a shorter period of time and the home owner can double the equity in half the amount of time it would otherwise take.

Disregard the refinance if you don't plan on staying in the home long enough to recoup the closing costs. Take the difference between you old payment and the new payment and divide that into your closing costs. That number is the number of months it will take for you to start taking advantage of the lower payments.

2) Be cautious when it's suggested to roll debt into your home loan, as in a "Cash Out Refinance". This is done by paying off debt with the equity in your house. The first caveat is taking unsecured debt, such as credit card debt, and making it secured debt through the loan. Missing a credit card payment won't effect where you lay your head at night. While missing mortgage payments may find you in a difficult position with the holder of your note.

The other concern is the rates will be higher for the "cash out" loan, sometimes a whole point higher. And in Texas, there is a law that establishes "once a cash out, always a cash out". This means to say, once you tap the equity in your home through a refinance, any time down the road while in the same home, you decide to refinance again irrespective of you asking for cash out again, it will be treated as a "cash out" and subject to those higher rates.

3) Make sure you have a credit history that puts you in position to take advantage of these killer rates. Late pays on the mortgage note will dampen the deal. Multiple lates will kill it. Also, the credit companies, Trans Union, Experian, and Equifax are putting more weight on credit card late pays. Also, if you are maxing out your credit line on each of the cards, move balances so as to be under 50% of credit line. You may want to establish another credit card to do this. Keep the older cards open and if you don't use them, take the out for a ride once in a while, then pay them off next month so as to keep the active.

Austin and Round Rock, Texas - based mortgage expert Brian Schroeder specializes in providing mortgage information to Texas residents that allows them to make informed decisions about their mortgage financing options and learn the insider secrets that can save them thousands of dollars over the life of their loan.

Brian Schroeder is available for interviews and will welcome all your mortgage related questions.

Call 512-680-0623 for a Free No-Obligation Consultation or visit http://TexasMortgageHelp.com

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Given the current state of our economy, people are stunned to discover that you can still get no-money-down home loans in the state of Texas. But they are still very much out there and are playing a major part in today's home buying market.

Austin, TX -- (ReleaseWire) -- 11/25/2008 -- Austin Texas based Mortgage Expert finally reveals the secret of 100% Mortgage Financing at a brand new website:

http://www.TexasMortgageHelp.com/100financing.htm

"Yes, this is true, and no, it's not a dream" says Austin, Texas - based mortgage expert Brian Schroeder. "It is still possible to find 100% financing for Texas home mortgage loans. You don't have to be a First Time Home Buyer and you can end up buying a property without putting any money down."

Go ahead, you can do it -- get a fully-financed Texas home mortgage loan.

And now is a particularly good time to buy for those who have been thinking of jumping in due to some recent developments. Prices are likely to be as low as they are going to get since the federal government's take over of Fannie Mae and Freddie Mac, the two dominate guarantors of home loans. Interest rates are also likely to remain low.

And as of this past July, the Housing and Economic Recovery Act of 2008, included a tax credit of $7,500 for the first-time-homebuyer. Eligible borrowers can take a federal tax credit on their tax returns of up to 10% of the purchase price of their home, not to exceed $7,500. This is absolutely the best time to get in to that house if you have been on the sidelines waiting.

"With 100% financing", mortgage expert Brian Schroeder goes on to say, "you can purchase real estate property without putting any money down, making the fantasy of owning a home a reality for a lot of people. What is so nice about purchasing a house without making a down-payment is that it frees up your money for other things, like paying your closing fees or furnishing your new home."

It might be in your best interest to have a broker like Austin, Texas - based mortgage expert Brian Schroeder look for you. There is a great deal of competition in the mortgage industry, and although there are a number of direct lenders around the country, not all of them will offer fully financed home mortgage loans. Loans of this sort are considered niche loans.

Brokers, like Schroeder, have relationships with a large number of mortgage lenders throughout the country, so they can easily find you the best possible mortgage.

It costs you nothing to allow Schroeder to evaluate your circumstances and talk to a few lenders to see what they can offer you. After you do this, you can make your decision based on the best rates and programs they can locate that offer 100% financing.

These mortgages require full documentation, so the borrower must provide proof of a high enough income to carry the loan, as well as a decent credit history. These loans are underwritten by government-backed lenders, and they make carrying mortgage insurance and putting money into escrow to cover taxes and insurance a requirement.

Given the current state of our economy, people are stunned to discover that you can still get no-money-down home loans in the state of Texas. But they are still very much out there and are playing a major part in today's home buying market.

Austin, Texas - based mortgage expert Brian Schroeder can handle requests for more details. For the last seven years, he has been working very closely with families in the state of Texas.

Call 512-680-0623 for a Free No-Obligation Consultation or visit him at:

http://www.TexasMortgageHelp.com/100financing.htm

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Round Rock, Texas Based Mortgage Lender Brian Schroeder reveals mortgage secrets at a new web site that is full of free reports, a home buying guide and free mortgage calculators. The site is designed to give consumers all the facts so they can make an educated decision when obtaining a mortgage.

Round Rock, TX -- (ReleaseWire) -- 11/07/2008 -- Round Rock Texas based Mortgage Expert finally reveals the secrets at a brand new website

http://www.TexasMortgageHelp.com

This site is loaded with FREE REPORTS, an informative home buying guide, mortgage calculators consumers can use to run various loan scenarios and home buying resources you can use to save time and money before and after you purchase your home.

If you're planning to buy your next home, your first home, that dream home, a condo, vacation home, investment property or looking to refinance in Texas or the surrounding areas, you will find that this site is a complete resource full of insider secrets that will allow you to choose the loan program best suited to your financial needs.

Here is just a small sample of the secrets revealed on this site...

*Little Known Secrets That Will Show You How To Improve Your Credit Score

*Important Terms You Must Know BEFORE Obtaining A Mortgage

*Tested and Proven Strategies For Building A Better Credit Record Faster and Easier

*The Top Mortgage Questions Borrowers Must Ask Before Applying For A Mortgage

*How To Finally Stop Renting And Own A Home Of Your Own

*How To Own A Home With Low Interest Rates And A Low Down Payment, Regardless Of Your Credit

*7 Things You Should NOT Do When Applying For A Home Loan

*12 Secrets To Lowering Your Homeowners Insurance Cost Your Agent Doesn't Want You To Know

Round Rock, Texas - based mortgage expert Brian Schroeder specializes in providing information to consumers that allows them to make informed decisions about their mortgage financing options and learn the insider secrets that can save them thousands of dollars over the life of their loan.

Brian Schroeder is available for interviews and will welcome all your mortgage related questions.

Call 512-255-5626 for a Free No-Obligation Consultation or visit

http://www.TexasMortgageHelp.com

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm