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Blog

10 Oct

Why Fall Is the Best Time of Year to Buy a Home

Few people know Fall is arguably the best time of year to buy a new home. The weather becomes cooler, the leaves begin to change, football season begins, and pumpkin-flavored everything is in abundant supply. But there's another great reason to love fall that might be less obvious...it's the best time of year to purchase a home. Prices Are Typically Lower The concept that buyers can get a better bang for their buck in the fall has been a popular notion for some time, but two recent reports validated that line of thought with data from actual home sales. According...

31 Aug

Affected by Hurricane Harvey?

There is little doubt Hurricane Harvey will be remembered for years to come. If you have been affected by this event, there is a good chance you are reading this post on your cell phone and/or not in your home. Where you probably keep all of your insurance documents. We're here to help! If you happen to remember who your auto or home insurance carrier is; see below. We have provided you a link to all of the possible carriers Efinity Insurance may have partnered with. If you are a client and do not who does not recall your carrier...

03 Aug

The number of homes for sale is a problem; here’s what to do about it!

In almost every major city in Texas there is solid demand from home buyers who struggle to find a home (any home) that meets both their housing and affordability requirements. This is especially true for first time home buyers. It’s a situation that requires both patience and creative solutions.On the other hand, this may be an excellent time for you to explore options that may not be on your short list. Here are a few suggestions;1.Look at a fixer-upper. That run-down house that’s been sitting on the market for months may be a diamond in the rough for a buyer...

06 May

Considering Buying or Refinancing a Home? Read This….

According to a survey conducted by J.D. Power, 27% of new homeowners ultimately came to regret their choice of lender. Twenty seven percent. The major reason for the dissatisfaction was overall poor customer experience. That's pretty vague so let's dive further. A lack of communication or unmet expectations (again back to communication) topped the "poor customer experience" sub list. Other regrets listed included pressure from the lender to choose a particular product/loan and not closing on time. Communication is a two way street. As a homeowner or potential homebuyer, you can remove some of the tension and turmoil of home...

17 Mar

Efinity Report 2017-03-17 00:19:00

As we indicated with our November 10th Blog, https://efinitygroup.blogspot.in/2016/11/if-you-currently-are-or-have-been.htmlthe Federal Reserve voted yesterday (Wednesday March 15th) to again raise the key interest rate one-quarter percentage point. This is just the first of three hikes we anticipate for 2017. The rate was increased one-quarter percentage point just three months ago in December 2016. This was the probable outcome following encouraging employment figures in February. We believe this consecutive increase marks a turning point in policy. The Fed raised the rate only twice in the past decade. Wednesday’s decision quickens the pace, signaling the potential for more aggressive action as the year...

09 Jan

First-Time Homeowners and our Existing FHA Clients

Federal Housing Administration announced they will reduce the annual premiums most borrowers will pay by a quarter of a percent. The new rates are projected to save new FHA-insured homeowners an average of $500 this year said U.S. Housing and Urban Development Secretary Julián Castro. This announcement along with Efinity's Mortgage's pledge to get our FHA borrowers into homes for only the required 3.5% down payment makes this the time to call us and get your home loan started. Efinity Group 817.581.8878 o888.638.5030 817.581.8898 finfo@efinitygroup.comwww.efinitygroup.comINSURANCE | INVESTMENTS | MORTGAGEAnnouncement & Source: https://portal.hud.gov/hudportal/HUD?src=/press/press_releases_media_advisories/2017/HUDNo_17-003

10 Nov

Low Interest Rate Train is Leaving the Station

If you currently are or have been considering refinancing your home loan but have put if off because life happens, your opportunity may be coming to a close. Trump's victory speech in the early hours of Wednesday included a pledge to spend on rebuilding America's infrastructure — a plan that should stir economic growth and mean substantial new debt. These comments might be what the US economy needs to get moving again after 4+ years of relatively flat growth. They are also inflationary in nature. Which is bad for borrowing rates.This new exacerbates the fact, mortgage application volume fell 1.2...

24 Oct

Fall Unique Challenges and Opportunities for Your Home

It’s not until Mid-October that signs of Autumn typically arrive in Texas. As the Indian Summer draws to a close, before the leaves fall and the wind turns chilly, it’s a good idea to do some seasonal maintenance on your home. Here are five (5) things to add to your fall “to do” list.Check for mold. The humidity of summer can cause mold to flourish. Check locations such as around leaky pipes, cabinets, generally areas that don’t get good ventilation. You will want to remove the mold as soon as possible. It’s wise to have this done by a professional.Have...

13 Jul

It’s SUMMER TIME!

It's SUMMER TIME! Many of our Mortgage clients are asking us about financing pools. There are a few different options for this. For those of you buying a new home and leveraging a conventional loan, Efinity Mortgage offers the Fannie Mae Homestyle program. This allows our clients to finance the cost of improvements (pools included) into the home loan. The original appraisal is completed subject to the improvements being completed. Additional downpayments may be required depending on the final valuation. If you are an existing homeowner and looking to add a pool to your home, there are a number of...

01 Jul

Do You “Really” Want to Be a Landlord

This week was pretty unusual for the Efinity Mortgage staff. Seemingly out of nowhere we had several new clients come in requesting financing for investment (rental) properties. As if there was a sign on our door which read "Efinity Mortgage; The Rental King". It's not that we don't finance investment properties but to have several new transactions in a week is highly unusual as the majority (99%) of our business comes from realtors and builders seeking to assist a family in buying a primary residence. All of that said, I do want to share a story of one couple in...