Texas Lending
Texas Lending (TexasLending.com) has been a Consumers’ Choice Award recipient five years straight, winning the title of Best Mortgage Lender in the Dallas-Fort Worth area.
About Texas Lending
Known to many of its customers as Texas Lending, mortgage banker TexasLending.com was founded in 2001 with the goal of providing affordable mortgage rates to future homeowners. Based in Dallas, TexasLending.com is licensed to close mortgages in nine other states, including Michigan, Missouri, Tennessee, Florida, Colorado, Arkansas, Kansas, Oklahoma and Louisiana.
For each of the past five years, Texas Lending (TexasLending.com) has closed more than $500 million in loans. This is in part due to the company’s commitment to meeting the strict requirements for Texas mortgage loan providers. According to Texas Lending CEO Kevin Miller, Texas requires lenders to hold regulatory licenses, limiting many mortgage providers to only be able to handle first and second liens of credit and refinancing and home equity lines of credit. By having all of its regulatory licenses, TexasLending.com is able to cover a wide variety of residential loans, including adjustable rate loans, FHA, VA, reverse mortgages and more. In fact, in 2009 and 2010, HUD recognized TexasLending.com as one of the top five FHA lenders in the Dallas-Fort Worth area.
One of the most notable characteristics setting Texas Lending apart from other lending institutions is the company’s commitment to providing personalized service to customers. Texas Lending works closely with each customer to make sure they understand both the advantages and disadvantages of any borrowing decision that they make.
Because of its consistent customer service, Texas Lending (TexasLending.com) has won the Consumers’ Choice Award for five years in a row. In addition to providing great customer service from a 67,000 square foot office in Dallas, Texas Lending CEO Kevin Miller regularly hosts seminars geared toward educating future homebuyers on options. During these sessions, Miller reviews minimum qualification for various types of loans and further explains the Texas Lending loan process.
During the workshops, Texas Lending’s Miller also discusses the future of home buying, providing valuable insight to those who might be weighing whether or not this is a good time to buy. To make the seminars more convenient for attendees, Texas Lending offers them during evening hours, with attendance open to everyone.
Texas Lending’s glowing customer testimonials support the company’s commitment to professionalism and helping others. Emphasizing the importance of helping customers move into the home of their dreams, Texas Lending sees itself as a safe place for families to find the security they need. Texas Lending gets out the word through marketing and advertising campaigns to print, radio, TV, and Internet audiences. Additionally, Kevin Miller hosts a radio show about home mortgages that has been airing on weekends in Dallas-Fort Worth for more than a decade.
If you’re looking for a lender that will help walk you through the home buying process while providing competitive prices and great customer service, look no further than Texas Lending. With an eleven-year growth from four employees to two hundred, Texas Lending is poised to continue to grow.
For more information, visit Texas Lending online at www.TexasLending.com
TexasLending.com
4100 Alpha Rd. Suite 400
Dallas, TX 75244
NMLS# 137773
Texas Lending (TexasLending.com) Discusses Home Equity Loans
TexasLending.com (Texas Lending) offers a home equity loan experience unlike any other in the Dallas-Fort Worth area. Not only does its e-signature capability take a lot of the inconvenience out of the home loan process, the team at Texas Lending provides personalized service that makes the application process easy to understand.
Due to the current economy, many homeowners are choosing to remodel their current homes rather than move. Texas Lending often sees homeowners who have outgrown their home and are interested in adding on. Some homeowners are remodeling basements for extra rooms or redoing kitchens or bathrooms to prepare to stay in a home for the long haul, Texas Lending reports.
According to TexasLending.com Founder and CEO Kevin Miller, home equity loans are available in fixed term or variable term versions. Also called a second mortgage, Texas Lending’s Miller emphasizes that a home equity loan requires a very good credit history, as well as a good loan-to-value ratio. This is where some homeowners are falling short, Texas Lending notes, as home values have dropped and the homeowner is unable to qualify for a home equity loan.
Texas Lending works with customers to determine whether or not a home equity loan is the best fit for them. Not only will a homeowner have to qualify, home equity loans often come with closing costs, which may be difficult for struggling homeowners to afford. Texas Lending also cautions homeowners that appraisal fees and title fees may apply, as well as other miscellaneous fees associated with closing a home. The team at Texas Lending works with customers to determine if these costs can be reduced. Some may even be waived, depending on special offers going on at the time.
Another caution for homeowners, says Texas Lending, is the balloon payment. A balloon payment comes into play when a payee only pays the interest for the term of a loan. At the end of that term, Texas Lending explains, the payee will then be required to repay the balance in full. Texas Lending acknowledges that in some cases this is the best option for lendees, but the mortgage lender must fully disclose the terms of a balloon payment when the borrower closes on the loan.
Texas Lending CEO Kevin Miller knows that a home equity loan can be a great way for a homeowner to afford a major reconstructive project that will increase the overall value of his or her home. And since this can be an attractive alternative to buying a new home and putting a current home on the market, Texas Lending is committed to helping homeowners secure the best rate possible on a new home equity loan.
For more information, visit Texas Lending online at www.texaslending.com
TexasLending.com
4100 Alpha Rd. Suite 400
Dallas, TX 75244
NMLS# 137773
NMLS# 138112
