Garland, Texas based Mortgage Broker Ryan Morgan 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.

Garland, TX -- (ReleaseWire) -- 02/12/2009 -- It seems like everyone throughout the nation is concerned with the ability to refinance and rightfully so; however a refinance loan here in Texas and more practically the Dallas / Fort Worth Metroplex have been very smooth transactions. Maybe you're thinking about it yourself? After all, with rates as low as they are, the promise of lowering your monthly payments, sometimes significantly, is a great attraction for many homeowners.

But before you sign on the dotted line, there are a few things you should know about the way refinancing works so you don't make a mistake that could wind up costing you big time.

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

Morgan 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.

Garland, Texas - based mortgage expert Ryan Morgan 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.

For more information on this press release visit: http://www.releasewire.com/press-releases/the-truth-about-mortgage-refinancing-revealed-by-texas-mortgage-expert-with-texasmortgage101com-25254.htm

Garland, Texas based Mortgage Broker Ryan Morgan reveals 3 things you should watch out for when shopping for home-finance products on the Internet.

Garland, TX -- (ReleaseWire) -- 02/11/2009 -- Garland, Texas Based Mortgage Broker Reveals 3 Things Lenders Don't Want You to Know About Shopping for a Mortgage Online

Anyone who's even remotely interested in shopping for a home loan has probably paid attention to all those commercials on TV touting the ease of using any of a variety of Internet services to compare mortgage offers from the comfort of your home. You may even have tried a couple of them yourself. But Ryan Morgan, a Loan Officer with Texas Mortgage 101, says Garland, Texas residents need to watch out when trying to use the Internet to do the heavy lifting for them.

"Sometimes, these Internet services might work fairly well for certain people." "But the one-size-fits-all approach they offer is going to leave a lot of people with loans that aren't the best for them, or even worse, they may be shut out of the process altogether."

Ryan Morgan says the problem with these services is that they never really get to know anything about your financial situation other than your credit history and income level. "So basically what winds up happening is that you're reduced to a number to them. And if they don't like whatever that number is, you're out of luck."

Here are three things you should watch out for when shopping for home-finance products on the Internet – things most online mortgage sites hope you ignore:

*Do they take the time to find out about your unique situation, or are you just a cyber-borrower in their eyes? Most of these sites simply don't have the manpower to individually work with every borrower. So a lot of times you wind up with a bad loan simply because there was no one to check if they could have gotten you a better deal.

*What do they offer people in special financial circumstances – such as the self-employed or people with damaged credit? Most of these sites don't even want to work with you unless you meet their stringent criteria.

*Do they provide advice to help when choosing between loan products? Most sites simply gather offers, throw them in your lap, and pressure you to choose between them. Unless you're a pretty experienced mortgage pro, deciding on the best offer can be difficult, if not impossible.

So, what's the solution? Use the Internet to educate yourself and then work with a real human being. You may not have thought about "old-fashioned" methods of finding the best deal, such as working with a mortgage broker. "But for anyone who values a real person sitting down with you and working through the process, there's no better option," says Morgan.

Garland, Texas - based mortgage expert Ryan Morgan specializes in providing 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.

Ryan Morgan is available for interviews and will welcome all your mortgage related questions.

Call 214-498-1845 for a Free No-Obligation Consultation or visit:

http://texasmortgage101.com

For more information on this press release visit: http://www.releasewire.com/press-releases/garland-texas-based-mortgage-broker-reveals-3-things-lenders-dont-want-you-to-know-about-shopping-for-a-mortgage-online-25253.htm

Garland, Texas based Mortgage Broker Ryan Morgan 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 the self-employed and other Texas residents all the facts so they can make an educated decision when obtaining a mortgage.

Garland, TX -- (ReleaseWire) -- 02/10/2009 -- Easy Ways for Self-Employed Garland, Texas Residents to Get the Best Mortgage

There's no denying that there are tons of benefits that go along with being self-employed. But along with the freedom of being your own boss, most Garland residents probably thought one of the things they wouldn't have much choice about is their mortgage. After all, mortgage lenders are traditionally hard on self-employed borrowers, right? Not necessarily.

In fact, says Ryan Morgan, a Senior Loan Officer with Texas Mortgage 101, it might actually be easier to get a mortgage when you're self-employed. If you know where to look, that is.

"What most people don't know is that many lenders are eager to work with self-employed borrowers," "And because of the unique loans they offer that are designed specifically for entrepreneurs, you might actually wind up going through less hassle during the process than your neighbor, who depends on the good graces of a boss for his livelihood."

Here are some quick pointers on shopping for a loan when you're self-employed:

*Look for lenders that will let you verify your income in ways that don't require tax returns or pay stubs. Bank statements, for example, can be much better indicators of cash flow.

*Explore no-doc loans. No-doc means what it sounds like – you don't have to provide all of the supporting documentation most borrowers do. You simply tell the lender what your income is. You'll usually need good credit scores or a larger down payment for this type of loan.

*Get your accountant to sign off on a profit-loss statement. Some lenders can use these as "verification" of your income from self-employment. This should be a simple thing to put together, especially if you have an accountant prepare your taxes every year.

*Ask the experts. Entrepreneurs don't have the time to shop around for lenders who offer these kinds of loans. So do what you would do in your business. Ask an expert. Mortgage brokers have access to dozens of lenders and mortgage products many people don't even know exist. They can streamline the process and make it easy to get the home you want, at a price you can afford.

Garland, Texas - based mortgage expert Ryan Morgan specializes in providing 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.

For more information on this press release visit: http://www.releasewire.com/press-releases/easy-ways-for-self-employed-garland-texas-residents-to-get-the-best-mortgage-25255.htm