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Hector Valadez

NMLS ID 1417843

210-692-9300 hector@homeloanexpertsusa.com

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Blog Image: Why a Mortgage is Good Debt

Why a Mortgage is Good Debt

In today’s coronavirus-crisis economy, many Americans may be regretting taking on debt in the past or facing new debt to cover expenses during unemployment. And yet millions of consumers continue to apply for mortgages for home purchases, one of the largest debts most people will ever assume. The reason for this is that some debt is actually considered “good debt.” Here’s how to tell the difference between good and bad debt and why mortgage loans fall under that category. Good Debt There are several crucial factors that determine good debt. First, the financing is...

September 2nd, 2020 | Mortgage, Debt, Why a Mortgage is Good Debt

Blog Image: Is Applying for Mortgage Online a Good Idea?

Is Applying for Mortgage Online a Good Idea?

You can do pretty much everything on the Internet today, including apply for mortgage financing. Just because something is digital, does that automatically mean it’s better? There are several factors to consider when deciding between applying online or in person.  Because the Millennial generation is now at the prime age for homebuying, their preferences are influencing the mortgage industry. The National Association of Realtors reports that in 2018, millennials bought more homes in the U.S. than any other generation. This age group grew up with computers and the Internet and the...

February 19th, 2020 | Mortgage, Is Applying for Mortgage Online a Good Idea?

Blog Image: Why NOT to Pay Off Your Mortgage Early

Why NOT to Pay Off Your Mortgage Early

Your mortgage payment is likely the biggest one you make each month. The thought of getting rid of that payment sooner and saving on some of the interest payments can be very attractive. However, there are plenty of trade-offs when you start diverting much of your disposable income toward extra mortgage payments. Here are several reasons why it may not be in your best interest to pay off your mortgage early. Lost Investment Income In order to pay off a mortgage earlier than the traditional 30- or 15-year terms, you will have to devote a significant part of your monthly income on the paym...

January 29th, 2020 | Mortgage, Why NOT to Pay Off Your Mortgage Early