Posts Tagged ‘housing crisis’

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Risk, Psychology, and the Housing Market

Monday, November 28th, 2011

One reason the housing market has been slow to recover is the massive glut of houses still available on the market. One reason there is a glut is because asking prices haven’t dropped as quickly as market values.

The excellent Planet Money blog explored this phenomenon recently, and learned a few things about the psychology of purchase and investment risk:

As it turns out, our brains feel losses and gains unevenly: Losing feels worse than winning feels good. In a down [housing] market, people really don’t want to sell, because selling feels like losing.

For example, [a study] compared two basically identical condos. The owners of both had paid off their mortgages. But one had bought at the peak of the market. That person, he found, would stubbornly ask for a higher price, and keep his condo on the market longer than the other person, who had bought at a lower price.

“The overall magnitude of this effect is very big,” Mayer told me. “This is an important factor in how housing markets operate.”

But this psychological quirk is also slowing the healing process. It makes people reluctant to lower the asking price on their homes, which in turn contributes to the glut of houses on the market. It’s unclear why our brains are wired this way — why we overemphasize losses.

Interesting stuff. The report didn’t attempt to answer why the brain overemphasizes losses, but it seems pretty obvious:  Winning $100,000 at a casino would be nice. Losing $100,000 would for most people likely be devastating. Earning a 10 percent return on an investment of your life savings would be nice. Losing your life savings can be ruinous.

In other words, while it’s nice to have more, loss can be devastating. Holding onto what we have is more important than gaining more. That fear of loss trumps desire for gain seems like a built-in survival instinct.

This applies to the housing market as well. On the buyer’s side, it’s understandable that some families might not be in the mood to jump right back in to the market after the last collapse (burn me once, fool on me; burn me twice…), or at least not make as big of a splash. The extra $50,000 worth of house you could get by splurging just a little bit more might seem nice (and could pay off big in the long-run), but not if there’s a decent chance that you’ll be underwater in three or four years. Betting big may be thrilling at the casino or dog track, but not when what you lose is where your wife, kids and dog call home. On the selling side, people might simply believe that time will heal old wounds, and if they wait long enough, eventually they’ll get their asking price.

Here at Texas Lending, we’re eager to help ease any fears that potential homebuyers in Texas might have. We’ve got a slew of affordable Dallas home loan, Houston home loan, and Austin home loan products — including home equity loans and home refinance loans.

About Kevin Miller

Kevin Miller, Owner & CEO of TexasLending.com. TexasLending.com provides expert service in the field of residential mortgages.

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Lone Star Recession Recap: Austin Housing Market

Monday, September 19th, 2011

The skyline in Austin never stopped morphing during the recession. Startups are flocking to the city, as well as hip heavyweights like Facebook and Google (who have both set up offices in Austin recently). Add in longtime employment hubs like Dell, plus employment anchors like the state government and the University of Texas (sources that are both stable and dynamic — meaning lots of people moving in and out, creating all sorts of real estate opportunities), and you’ve got a robust city determined to roll right through the recession.

So what does the housing market look like post-recession in one of America’s most recession-proof cities? A glance at the numbers says it’s in better shape than most cities, but not immune to broader economic problems. In fact, many Austinites have been in this situation before.

According to KUT:

Jim Gaines has been in the Central Texas real estate business for over thirty years. When asked if the housing market is the worst he’s ever seen it, he laughed and said, “Certainly not. The oil bust in the 80s was far worse.” Texas’ booming oil industry went belly up in the 1980s and dealt a major blow to the economy. Gaines explains that this concept of big boom equals big bust may be the very thing that has saved most of Texas from the current recession.

The rest of the nation started gaining steam through the 1990s, creating the slowly inflating economic bubble; Texas, however, was still licking its wounds from the oil bust so it did not boom along with everyone else. When the bubble burst, Texas was relatively unaffected

So let’s compare 2010 to 2007 with some data compiled by the Austin Board of Realtors:

  • Across the city, per-square-foot prices declined by 3.39 percent. Home prices stagnated, dropping slightly from $315,281 in 2007 to $314,704 in 2010.
  • Within the city limits, the total number of homes sold dropped 26 percent from 10,831 sold in 2007 to 7,997 sold in 2010.
  • Almost every zip code in Austin experienced declines, including highly coveted neighborhoods in West Lake, Tarrytown, Downtown, and around the UT campus.
  • Unemployment in Austin rose from 3.62 percent in 2007 to 7.12 percent in 2010.

In other words, it’s a great time to buy a home in Austin. Overall, the picture is rosy, and a robust recovery seems inevitable. But, currently, steals abound.

Here at Texas Lending, we’re proud to offer a slew of Austin home purchase loan options, as well as Austin home refinance loan options if you already own a home in the capital city and would like to take advantage of historically low Austin home interest rates. Contact our Austin home loan specialists for more information.

About Kevin Miller

Kevin Miller, Owner & CEO of TexasLending.com. TexasLending.com provides expert service in the field of residential mortgages.

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Recession Pt. II: How Could It Effect Housing?

Thursday, August 25th, 2011

Here’s something amazing: interest rates on U.S. Treasury bonds have gotten so low, so cheap, that if you invest in them (widely considered the safest investment you can make), there’s a good chance you’ll end up earning less in interest than the rate of inflation. On a five year bond, for example, you’d lose .75 percent.

In other words, you’re choosing to lose a little bit of money, rather than risking losing a lot of money. You’d be better off sticking your money in a giant piggy bank under a humongous mattress inside of enormous safe).

So why are investors still flocking to U.S. bonds? Well, as we mentioned last week, even a U.S. downgraded by a credit ratings agency is still truly one of the safest investments you can make. We have all the fundamentals for a robust economy — unmatched natural resources, (comparatively) effective governance, and rule of law that is (comparatively) strong. And despite how close we came to defaulting on our debts for self-inflicted reasons, no one really thinks we’ll be unable to pay debts for economic reasons anytime soon. We’re safe.

Plus, foreign countries simply love having dollars, even when it’s a little bit shaky. Global trade relies on a dominant “reserve” currency, and there’s simply nothing else out there to replace it.

But there’s another explanation. According to Bill Gross of PIMCO, the world’s largest bond fund: “They certainly reflect, in terms of their yields, not only a potential for a recession but the almost high probability of recession and the result of lowering inflation.”

So there you go. People are investing in treasuries both because the American economy is awesome, as well as because people think the American economy is about to tank again.

Only in America.

Regardless, it’s good for potential homebuyers. Here’s why:

If we slide back into a recession, the effect on housing won’t be the same. The housing market is holding the recovery back, yes. But it’s not like the housing bubble has re-inflated and is about to pop again. Prices are already about as low as they can get, and they’re going to stay low for a little bit longer. That’s not helping the economy, but it’s not the same as in 2007 and 2008, when so many homeowners saw the value of their homes plummet so precipitously almost overnight.

In fact, one of the most encouraging sign we have for the medium-term outlook in America is that — slowly but surely — the housing mess is sorting itself out. Americans are paying down debts, and the biggest drag on the economic recovery is slowly going away.

For potential home-buyers, this means historically low home prices, historically low Texas home purchase interest rates, and historically low home refinance rates. And here at Texas Lending, we’re proud to boast the lowest Texas home interest rates in the state.

About Kevin Miller

Kevin Miller, Owner & CEO of TexasLending.com. TexasLending.com provides expert service in the field of residential mortgages.

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Will the S&P Downgrade Affect the Texas Housing Market?

Monday, August 8th, 2011

Credit ratings agency Standard and Poor’s (S&P) followed through on its warnings and downgraded U.S. treasury bonds from AAA to AA-plus. Depending on how you look at the move, its impact on local housing markets could either be real or overblown.

Let’s take a look at why a single ratings firm downgrade could or could not be a problem for the Texas housing market (or, for an inside look at how ratings firms rate a nation’s credit, check out Planet Money’s fantastic podcast about the subject):

No biggie:

America is still an investment safe haven.

U.S. treasury bonds are still just about the safest investment you can make, despite the big economic issues facing our country. Europe is on the brink of collapse. Despite China’s enormous growth, it faces some severe structural issues that will likely keep it from ever becoming an America-esque superpower. Meanwhile, America still has the best combination of fundamentals needed for growth, like natural resources, the ability to collect tax revenues, military protection of our shipping lanes and economic interests, etc. Housing factors like interest rates will likely reflect this.

In fact, after Japan’s credit rating was downgraded in 2001, its interest rates actually sank. True to form, U.S. treasury interest rates also fell this morning. S&P doesn’t have any insider knowledge about the U.S. economy, so they’re essentially making the same judgement calls as individual investors who—according to today’s news—seem eager to keep buying.

Bad News Ahead:

It’s a blow to consumer confidence.

In aggregate, markets are largely irrational things. Consumers will usually make decisions based on their own desires and fears. So even if America has strong fundamentals, if people don’t feel very confident about the future, they won’t buy things like clothes, cars, and (yes) homes. A prominent ratings firm like S&P can fuel the fire of uncertainty.

Furthermore, folks with large stock portfolios have been slammed over the past few weeks, which means there will be both less of a mood to buy homes and less money to do so.

Pension rules punish.

Some prominent pension funds are required to hold only AAA-rated corporate and treasury securities, and will have to sell their U.S. bonds as result of the downgrade. This withdraws liquidity from our markets, and could make it more expensive for the government to borrow funds.

The downgrade isn’t entirely groundless.

Even if we’re better off than most countries around the globe, we’re still facing some steep challenges. There’s no easy way to slow the growth of healthcare costs — the main driver of our long-term deficits. Employment is dragging its feet. And, right or wrong, the fact that a sizable faction of Congress was willing to blow through the debt ceiling and begin defaulting on some of our obligations should rightly make U.S. bonds seen as not entirely risk-free.

Here at Texas Lending, we’ll make it as easy as possible for Texans to get the loans they need when it’s time to buy. Between our Texas home purchase loans, Texas home equity loans, and Texas home refinance loans, we can find a loan solution perfect for your family’s unique needs.

Let us know what you think — will the S&P downgrade impact the local housing market?

About Kevin Miller

Kevin Miller, Owner & CEO of TexasLending.com. TexasLending.com provides expert service in the field of residential mortgages.

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Get the Cash You Need to Invest in Home Savings

Monday, August 1st, 2011

Last week, we talked about how lots of Dallas homeowners are choosing to reinvest in their homes, instead of trying to make a move during a slumping housing market.

Here’s the strategy: Invest now in value-boosting home upgrades like a new kitchen, patio, or pool. Sell later when the housing market recovers. Reap the benefits.

But there’s another cost-effective reason to invest in a home remodel: Green home renovations are a great way to boost long-term value, while lowering your month-to-month energy bills as well.

Utility bills soar during scorching summer like this one, but a green retrofit can help bring them back to earth. For example, consider the savings reaped by one of America’s famous buildings — as recently pointed out in an article by former president Bill Clinton:

Just look at the Empire State Building—I can see it from my office window. Our climate-change people worked on their retrofit project. They cleared off a whole floor for a small factory to change the heating and air conditioning, put in new lighting and insulation, and cut energy-efficient glass for the windows. Johnson Controls, the energy-service company overseeing the project, guaranteed the building owners their electricity usage would go down 38 percent—a massive saving, which will enable the costs of the retrofits to be recovered through lower utility bills in less than five years.

Of course, you probably won’t see the same savings as a 102-story tower built in 1931. But a green retrofit is still an excellent way to lower the long-term month-to-month costs of living in your home — and some retrofits could eventually end up paying for themselves.

You need cash to do this. At Texas Lending, we’re proud to offer the best rates on Dallas home equity loans and Dallas home refinance loans available anywhere. Get the cash you need to invest in your family’s future.

About Kevin Miller

Kevin Miller, Owner & CEO of TexasLending.com. TexasLending.com provides expert service in the field of residential mortgages.

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Home Remodels Continue to Boom: Your Options

Monday, July 25th, 2011

Home sales continue to slump, but home remodels are soaring. Coincidence? Contradiction? Let’s take a look.

According to The Atlantic:

New home sales remain near their historical lows. Americans have been building so few homes for so long that some people are wondering if a housing shortage could result at some point in the future. The unusually weak demand for new homes serves as part of the reason for why millions of construction workers are unemployed. It could be worse, however. Some have found work remodeling homes instead of building new structures. In fact, remodeling hit an new high in May.

BuildFax Remodeling Index

So it’s good news for the construction industry, and good news for the broader economy if thousands of workers around Texas get put back to work on these types of projects. But it also highlights several different ways homeowners are trying to make the most of a slumping economy:

  1. As we’ve mentioned before, many folks in Texas would like to sell their homes for various reasons, but are in financial position to wait until the housing market improves before doing so. In the meantime, however, rather than passively waiting for the housing slump to end, they’re adding value to their homes through projects like home remodels and renovations. That way, when the market does improve, they’ll be in position to see a much greater return on their original home investment (plus those years waiting to sell will be spent in a nicer home).
  2. Similarly, while families desiring an extra bedroom or nicer living arrangements would normally just move to a nicer neighborhood nearby, remodeling offers a way to improve their living situations and add space to their home without having to go through the full hassle of selling, buying, and moving.
  3. There’s still a glut of foreclosed-upon homes available in Texas, so bargains abound for folks who are in position to buy. Unfortunately, foreclosed houses aren’t always kept in the best shape, so a little bit of work is often required to turn them into homes. Still, the remodel-foreclosure combination often ends up being cheaper than buying a home at full-price, and it gives the new buyers a chance to customize parts of the home to their tastes.

At Texas Lending, we offer multiple products that can get you the cash needed to invest in value-boosting home upgrade projects, including home equity loans and home refinance loans. We also offer some of the most favorable home purchase loans available anywhere in the state, should you look into buying a foreclosed home.

About Kevin Miller

Kevin Miller, Owner & CEO of TexasLending.com. TexasLending.com provides expert service in the field of residential mortgages.

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Deal or No Deal: Home Interest Rates Possibilities

Monday, July 18th, 2011

Without getting into politics, let’s take a look at how the success or failure of the debt ceiling negotiations these next couple weeks could affect the Dallas housing market. For better or for worse, what happens in Washington effects everyone — especially, as we detailed a few weeks ago, when it comes to Texas home interest rates.

Here’s how three potential scenarios could effect the landscape here in Texas:

1. Deal!

Currently, Texas is witnessing a prolonged buyer-friendly market. Unsold inventories are high, keeping prices low. Land is abundant. Texas home interest rates are firmly anchored to the rock bottom. For folks in position to buy, there truly never has been a much better time to buy (no cliche). And here at Texas Lending, we offer some of the lowest rates for Texas home purchase loan, Texas home refinance loans, and Texas home equity loans in the state.

Naturally, if a debt-ceiling/reduction deal is passed, this favorable homebuying environment should last a while longer.

Over the long-term, interest rates will eventually need to rise. And depending on how successful the deal is at reshaping the debt picture, we could end up back in the same sort of budget impasse a year or two from now (remember—the debt ceiling was raised seven times during the Bush Administration, so these debates can happen pretty regularly).

But, in the short-term, this historically buyers-friendly market will hang around just a little bit longer.

2a. No deal. Mo’ recession.

Depending on who you believe, a failure to reach a deal would either lead to economic catastrophe or, well, it wouldn’t. Let’s look at the worst-case scenario first:

As we explained a few weeks ago, home interest rates are basically tied to U.S. treasury rates, so the effects of a Washington default will trickle down to states like Texas as well. Washington Post domestic policy blogger Ezra Klein explains:

It’s easy to understand why the government will have more trouble borrowing if it fails to pay its debts, or even has a difficult time paying its debts. It’s a bit harder to see why ordinary Americans, the city of Pittsburgh, hospitals in Iowa, and medium-sized corporations will have more trouble borrowing. But they will. [...]

Much of the debt in the American economy, and in fact globally, is “benchmarked” to Treasury debt. When your bank quotes you a mortgage rate, the calculation begins with the rate on 10-year treasuries and then adds premiums for various types of risk specific to you and your area on top of that. “There’s a whole credit structure,” says Pete Davis, president of Davis Capital Investment Ideas. “Think of it as roads and bridges, but it’s finance, it’s all connected, and it’s all on top of treasuries. Your CD at a bank, your credit card interest rates, your car loans, your mortgages — that’s all built on Treasury rates. So when you shake the basis of it, everything on top of it shakes, too.”

This is how a default gets into the rest of the economy: It takes everything the financial markets thought they could know and rely on and upends it. It then shuts off credit, or makes it prohibitively expensive, for nearly every participant in the economy, from states and cities to hospitals and universities to homebuyers and credit-card applicants. That, in turn, freezes all of their activity, which destabilizes everyone who relies on them, which then destabilizes financial markets further, and so on.

There’s some history of this happening: In 1979, a combination of debt limit failure and a breakdown of the Treasury’s check-printing machines (!!!) alone led to a 0.6 point increase in interest rates ($50 to 100 billion per year in today’s terms) that lasted several years. And rating agencies like Moody’s have already put U.S. debt on review for a possible downgrading from AAA status — which alone could make interest rates spike.

In other words, things could get complicated quickly, leading home interest rates to rise.

2b. No deal. No problem.

Of course, many powerful voices in Washington contend that the fear about default is being overblown for political reasons, and that short-term default pain is bearable and necessary in order to put us on sound economic footing again.

If true, then the lucrative Texas home-buying environment should continue — especially while the Fed does everything it can to keep rates low to limit the impact of default on unemployment. Add in a healthier long-term debt outlook, and boosted investor confidence could spur the overall economy and housing market to more rapid improvement. Furthermore, that short-term pain (incurred while getting to such sound footing) could lead to a more sluggish recovery — counter-intuitively keeping the housing market ripe for home-buying.

More likely, however, is that the initial market turbulence will make borrowing at least temporarily difficult while the default sorts itself out. Lending tends to dry up during periods of uncertainty — even if the warnings about default turn out to be overblown.

So if you’re in position to pull the trigger on a home soon, it might be prudent to do so before we hit those rough waters. Apply online today to get the process started.

About Kevin Miller

Kevin Miller, Owner & CEO of TexasLending.com. TexasLending.com provides expert service in the field of residential mortgages.

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Banks Bailing on Reverse Mortgage Market. We’re Not.

Tuesday, July 5th, 2011

Let’s say you’ve spent years and years building up equity in your home, and steadily seen its value rise. But suddenly, in the wake of the recession, you’re facing a cash-strapped retirement. Normally, a reverse mortgage would be a great way to turn that equity into a stress-free future.

The big banks can no longer help you do that. We can.

According to Aol’s DailyFinance:

Last week, Wells Fargo, the biggest name in the nation’s reverse mortgage market, announced that it was getting out of the business, citing concerns that housing prices could continue to erode further. That move followed in the footsteps of No. 2 reverse mortgage player Bank of America, which exited the business earlier this year. Combined, the two banking behemoths represented 43.6% of the reverse mortgage market, based on a 12-month trailing period ending in April, according to industry researcher Reverse Market Insight.

If you didn’t catch that, the two largest banks in the reverse mortgage market (43.6 percent of the market, in fact) just aren’t in the mood to ride out the unstable market any longer. To that we say: “Surfs up!” We’ll stick with you on this bumpy wave until we’re all on calmer seas again. Here’s how one of our Texas reverse mortgages can help:

For elderly homeowners over the age of 62, reverse mortgages are a great way to access the equity they’ve spent decades building up in their homes. Basically, we “buy” the home from the homeowner while letting them live in it as long as they’d like. They only pay insurance, property taxes, and general upkeep (some upfront fees also apply). This gives the homeowner a hefty sum of cash and the chance to enjoy their golden years without financial stress.

After the homeowner either passes away or simply moves out, we sell the house in order to make up the difference. If the market has recovered and the home sells for more than it was worth when the reverse mortgage was purchased, remaining funds will go to homeowner’s heirs.

In other words, it’s an innovative way to make what’s probably your biggest asset — your home — carry you through retirement. Contact one of our Dallas reverse mortgage specialists for more information.

About Kevin Miller

Kevin Miller, Owner & CEO of TexasLending.com. TexasLending.com provides expert service in the field of residential mortgages.

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Feds Sticking With Low Home Loan Interest Rates: How It Affects You

Monday, June 27th, 2011

It looks like historically low home interest rates will be here for the foreseeable future — great news for folks in Texas looking to buy a new home.

According to AdvisorOne:

Federal Reserve policymakers are expected on Wednesday to keep interest rates at their historic lows and to make no plans for a third round of quantitative easing after the second round ends on June 30.

They’ll keep the supply of bonds that they hold relatively stable, and that will help keep intermediate- to longer-term interest rates low,” he predicted. “As interest rates stay low, that will hopefully encourage lending, and that lending will encourage growth in the economy. The Fed’s primary tool is monetary policy and interest rates, and they’ve really done everything they can to keep interest rates low.”

The Federal Open Market Committee (FOMC) meeting will be its first since April 27 when it maintained the federal funds rate at 0% to 0.25% and said that conditions in the U.S. economy “are likely to warrant exceptionally low levels for the federal funds rate for an extended period.”

Got it? Gibberish? We’ll explain:

What the Federal Reserve does matters to folks in need of a Texas home loan for several reasons. Primarily, however, it’s because Texas home purchase loan rates and Texas home refinance rates tend to rise and fall almost exactly alongside the Fed’s rates.

Here’s why — in an oversimplified (but hopefully helpful) nutshell:

Interest rates rise when money in the economy gets tight. In a weak economy like the current one, when overall consumption is still far below where it needs to be to sustain a full recovery, the Fed wants to keep interest rates low to make it easier for folks to get loans and start businesses, use credit cards, and buy homes. To achieve this, the Fed increases the money supply, which lowers rates by limiting competition for the available dollars.

This can lead to inflation, debt, and dangerous currency devaluation on the global market if its not carefully controlled, which is why the Fed will eventually reverse course and try to shrink the money supply following an economic recovery.

In other words, eventually federal interest rates will rise, and home loan and home refinance rates will as well. But, if the Fed’s recent moves tell us anything, we’ll see historically low home interest rates for a while longer.

This is excellent news for Texas folks in need of a home loan, home equity loan, or home interest loans. Interest rates are anchored to the rock bottom, and here at Texas Lending, we’re offering the lowest home interest rates of anywhere in the Texas.

About Kevin Miller

Kevin Miller, Owner & CEO of TexasLending.com. TexasLending.com provides expert service in the field of residential mortgages.

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The American Dream Lives: Home-Ownership Proves Its Worth

Friday, June 17th, 2011

Despite all the pain created by the housing market collapse, the long-term case for home-ownership appears to only be getting stronger.

According to the Wall St. Journal:

Despite all the gloom, however, there are growing indications that it is a good time to buy. Mortgage rates, which fell to 4.55% for the week ending June 2, according to Freddie Mac, are near 50-year lows. Homes have become more affordable than they have been in years: According to Moody’s Analytics, the ratio of home prices to income is now 20.9% lower than the 15-year average through 2010, and 12.5% lower than the 1989-2004 average. A historic glut of homes, meanwhile, has created a buyer’s market: There were about 15 million vacant homes in the U.S. last year.

But the long-term benefits of home ownership remain very much intact. For now, at least, you can deduct the mortgage interest on your taxes—a big perk for people in higher tax brackets. You get to paint your walls any color you wish, without having to clear it with a landlord. And assuming you can buy a home for about the same price as you can rent one, buying will give you the ability one day to live rent-free. Come retirement time, a paid-off mortgage means your monthly expenses are significantly reduced, and you have a chunk of equity to play with.

At Texas Lending, our rock bottom Texas home loan interest rates make now a great time to buy. Similarly, our home refinance loan rates are anchored to the floor. But the home-buying environment just isn’t going to get much more ripe than it is right now.

The Wall St. Journal also notes that once the main factor holding markets back — the glut of foreclosures created by the crisis — clears up, other factors like prices and employment should also quickly return back to normal. Currently, signs confidently point to 2013 for the end of the foreclosure mess. Prices could begin to tick up before then.

The numbers needed for a more robust recovery are slowly starting to align here in Dallas more quickly. According to the Dallas Morning News, for example, home foreclosures have seen a pretty big drop these past few months:

Home foreclosure filings in North Texas are down for the fourth consecutive month. The number of Dallas-Fort Worth homes threatened with forced sale by lenders is 6 percent lower for June than a year earlier, according to Foreclosure Listing Service. And foreclosure postings are down 7 percent so far this year compared with the first six months of 2010.

“For the first time in 11 years, foreclosure posting activity for mid-year declined compared to the previous year,” said George Roddy, president of the Addison-based foreclosure tracking firm, in the company’s latest report. The biggest decline in June foreclosure filings was in Dallas County, where postings were 10 percent lower than a year ago.

And when the recovery finally shakes off its sluggishness for good, both interest rates and home prices will increase. That’s good news for the broader economy, but it means the window of this historic buyer’s market will close. Similarly, the chance to refinance your home at at historically low refinance rates will also slip away.

So if you’re in a sound position to consider buying a home, contact one of our Texas home loan specialists to learn more about your options. Opportunities abound out there in the Texas housing market, and we’re eager to help potential homeowners find them.

About Kevin Miller

Kevin Miller, Owner & CEO of TexasLending.com. TexasLending.com provides expert service in the field of residential mortgages.

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