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Hector Valadez

NMLS ID 1417843

210-692-9300 hector@homeloanexpertsusa.com

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Blog Image: 4 Refinancing Mistakes to Avoid

4 Refinancing Mistakes to Avoid

Mortgage interest rates have been low for several years and have recently fallen near record-lows. While it is a great time to refinance your home loan, there are several mistakes to be sure to avoid during the process. Mistake #1 - Assuming You Can Get Yesterday’s Rate Today If you’ve seen mortgage rates drop recently, you may figure that rate will be available for several days. The truth is that mortgage rates fluctuate daily. When you find that rates have dropped low enough to make refinancing worthwhile, you may want to consider locking in your rate with a lender. So...

April 29th, 2020 | Refinancing a Home, 4 Refinancing Mistakes to Avoid

Blog Image: What You Need to Know About Mortgage Forbearance

What You Need to Know About Mortgage Forbearance

If you are one of the 22 million Americans who have filed for coronavirus-related unemployment in the past few weeks, you may also be wondering if you are going to be able to make your mortgage payments. If your income has vanished or been reduced due to COVID-19 shutdowns, you can appeal to your mortgage lender for payment forbearance. Before you do, there are several questions you need to ask to understand how it will affect your situation. Is My Loan Covered by the CARES Act? In the wake of the COVID-19 economic fallout, the U.S. government recently passed the CARES Act to provide mor...

April 22nd, 2020 | Mortgage Advice, Credit, What You Need to Know About Mortgage Forbearance

Blog Image: How To Get Help If You Can’t Pay Your Mortgage

How To Get Help If You Can’t Pay Your Mortgage

With the coronavirus spreading across the nation, many people have lost income as companies have temporarily closed their doors to stop the contagion. If your income has been disrupted and you do not think you’ll be able to make your mortgage payments, there are several steps you can take to avoid default and foreclosure. Fannie Mae or Freddie Mac Loan Help If your loan is backed by either Fannie Mae or Freddie Mac, you can contact your lender to have your payments lowered or suspended for up to 12 months, according to new federal government directives. Additionally, you will not b...

April 15th, 2020 | Mortgage Advice, How To Get Help If You Can’t Pay Your Mortgage

Blog Image: How to Buy a Home During COVID-19

How to Buy a Home During COVID-19

With most of the country on shelter-in-place orders due to the outbreak of the COVID-19 virus, the homebuying process has undergone plenty of changes for those still looking to get into a home of their own. Buyers, sellers and real estate agents have had to make adjustments for the safety of all. If you are in the midst of your home search or ready to start, here’s what you need to know about buying a home during this challenging coronavirus environment. Virtual Shopping & Viewing Agents and sellers have had to get creative during this time of social distancing. Buyers have had...

April 8th, 2020 | Purchasing a Home, How to Buy a Home During COVID-19

Blog Image: The Best Home Loans for Buying a Fixer-Upper

The Best Home Loans for Buying a Fixer-Upper

You’ve found the perfect property – or at least what could be the perfect property after a few improvements. Upfront repairs and renovations can take a toll on your budget though. Fortunately, there are several mortgage options that will allow you to buy the house and borrow money for improvements all at once. All of these home loans are made by traditional lenders and guaranteed by government agencies or groups. Fannie Mae HomeStyle Renovation Mortgage Government-sponsored entity Fannie Mae backs a mortgage product that is both a traditional mortgage and home improvement loa...

April 1st, 2020 | FHA Loans, VA Loans, The Best Home Loans for Buying a Fixer-Upper