Thankful for Low Mortgage Rates in Texas

Thankful for Low Mortgage Rates in Texas

Happy Thanksgiving week to everyone! It is a time to reflect what we are grateful for. It is also a time to take inventory on what we truly care about in our lives. We are rapidly approaching the end of the year with the holiday season kicking into high gear. However, one additional thing to be thankful for is low mortgage rates in Texas with refinance options.

With low rates in the housing market, people can be thankful for low mortgage rates in Texas. This has been a year filled with a lot of challenges, but there are opportunities to take advantage of how low home loans are currently. Let’s talk more about it.

Historically Low Mortgage Rates in Texas

According to national news outlets, mortgage rates are at an all-time low. More than four million homeowners have refinanced their home loans this year alone, which has helped them save substantial money on their monthly payments. Experts say mortgage rates are an entire percent lower than they were in 2019.

The good news for potential and current homeowners is that rates have dropped between 12-13 times this year. The interest rate on both a 15-year fixed-rate mortgage and a 30-year fixed-rate mortgage both have fallen below three percent. Due to the current COVID-19 pandemic, consumers have been conserving their resources, which has contributed to lower mortgage rates.

Housing Market Booming

The Federal Reserve making emergency cuts during the coronavirus global health crisis has been one of the causes of the low mortgage rates in Texas. The housing market has been seeing a lot of activity with a steady increase in mortgage and refinance applications this year.

A few reasons to consider when deciding whether to file for a lower mortgage rate are that it can possibly lower monthly payments, as stated above, you will likely have new loan terms, and ultimately you may be able to save money that can be put toward other expenses. There are also cons to weigh with the decision to refinance such as the amount of work it will take to place a refinance application. However, this window of opportunity may not be around indefinitely.

According to the Mortgage Bankers Association, mortgage refinance applications account for more than 60 percent of mortgage application activity, which is not surprising. It is a great time to take advantage of lower mortgage rates, whether you are a first-time home buyer or are looking to refinance your home.

Call the best mortgage lender in Texas, John Schutze’s Texas Loan Experts Team in Austin at (512) 775-6820 or visit JohnSchutze.com to apply now. Texas Loan Experts has the lowest rates on ConventionalFHAMortgage RefinancesJumbo LoansDebt Consolidation LoansRate and Term RefinancesCash Out Refinances, and HARP Loans. We are also the exclusive home for Hero.Loan VA Mortgages. We will come to you to close your loan. Nobody gets lower mortgage rates on better loans than Texas Loan Experts.
John Schutze

John Schutze

John Schutze was born and raised in Austin, TX and graduated from Texas State University with a degree in finance. Beginning his career as a financial advisor, John has a unique perspective when it comes advising his clients on the best mortgage type for their financial plan. With almost 20yrs experience in the mortgage industry, John has helped over 1500 families purchase or refinance their home.

John Schutze

As one of the area’s top mortgage bankers for over 17 years, John Schutze considers his #1 goal to be providing a smooth and predictable mortgage experience for all involved. Named the 2017 Mortgage Professional of the Year by Austin Monthly, John has also been consistently selected for the Austin Business Journal Top Producer List.

The John Schutze Show

Recent Posts

How Can We Help You?

Texas Mortgage Lender

Texas Home Loan Pre Approval





Why Choose

The John Schutze Team

CUSTOMER SERVICE
Our customer first approach to mortgages is what separates us from all of the other banks and mortgage companies. Our team will walk you through the process to ensure that your loan closes in a very timely manner. Our competition may think our philosophy on face-to-face customer service is excessive but our clients sure do appreciate it.

WE ARE THE EXPERTS
Our team has set the standard in the mortgage industry. We hire only the best in the business. Our knowledge and experience is unmatched. We continue to train and study new mortgage loan programs to make us the best choice for mortgage refinancing and home purchases, debt consolidation, Conventional, FHA, HARP, VA, and Jumbo Loans available.

BETTER HOME LOANS WITH LOWER MORTGAGE RATES
We provide you with several different mortgage loan options to ensure that you find the mortgage loan program that best fits your needs. Because of the volume of mortgage loans our team closes and the great relationships we have forged within our industry, we’re able to offer the most competitive mortgage interest rates to our clients.

WE ARE MORTGAGE LENDERS, NOT MORTGAGE BROKERS
As a direct mortgage lender, our process has been streamlined from start to finish. Having the entire mortgage loan process contained under one roof allows us to quickly and efficiently close your loan. Our ability to use the newest mortgage loan products and underwrite our own files, allows us to approve loans that our competitors can’t.

Thankful for Low Mortgage Rates in Austin

Thankful for Low Mortgage Rates in Austin

Happy Thanksgiving week to everyone! It is a time to reflect what we are grateful for. It is also a time to take inventory on what we truly care about in our lives. We are rapidly approaching the end of the year with the holiday season kicking into high gear. However, one additional thing to be thankful for is low mortgage rates in Austin with refinance options.

With low rates in the housing market, people can be thankful for low mortgage rates in Austin. This has been a year filled with a lot of challenges, but there are opportunities to take advantage of how low home loans are currently. Let’s talk more about it.

Historically Low Mortgage Rates in Austin

According to national news outlets, mortgage rates are at an all-time low. More than four million homeowners have refinanced their home loans this year alone, which has helped them save substantial money on their monthly payments. Experts say mortgage rates are an entire percent lower than they were in 2019.

The good news for potential and current homeowners is that rates have dropped between 12-13 times this year. The interest rate on both a 15-year fixed-rate mortgage and a 30-year fixed-rate mortgage both have fallen below three percent. Due to the current COVID-19 pandemic, consumers have been conserving their resources, which has contributed to lower mortgage rates.

Housing Market Booming

The Federal Reserve making emergency cuts during the coronavirus global health crisis has been one of the causes of the low mortgage rates in Austin. The housing market has been seeing a lot of activity with a steady increase in mortgage and refinance applications this year.

A few reasons to consider when deciding whether to file for a lower mortgage rate are that it can possibly lower monthly payments, as stated above, you will likely have new loan terms, and ultimately you may be able to save money that can be put toward other expenses. There are also cons to weigh with the decision to refinance such as the amount of work it will take to place a refinance application. However, this window of opportunity may not be around indefinitely.

According to the Mortgage Bankers Association, mortgage refinance applications account for more than 60 percent of mortgage application activity, which is not surprising. It is a great time to take advantage of lower mortgage rates, whether you are a first-time home buyer or are looking to refinance your home.

Call the best mortgage lender in Texas, Arien Bowersock’s Texas Loan Experts Team in Austin at (512) 669-8306 or visit BowersockTeam.com to apply now. Texas Loan Experts has the lowest rates on Conventional, FHA, Mortgage Refinances, Jumbo Loans, Debt Consolidation Loans, Rate and Term Refinances, Cash Out Refinances, and HARP Loans. We are also the exclusive home for Hero.Loan VA Mortgages. We will come to you to close your loan. Nobody gets lower mortgage rates on better loans than Texas Loan Experts.
Arien Bowersock

Arien Bowersock

I was born in Lubbock, TX and came to Austin in 1998 to attend the University of Texas. After graduating, I knew I didn’t want to leave Austin. On a whim, I took a job as a loan officer assistant and I haven’t looked back since! With over 15 years in this industry I know this market well. Not only do I help my clients with their mortgage, I assist with all other home buying needs. Whether it’s deciding on the best neighborhood, choosing a realtor, or giving my opinion on a paint color- I am here to help!

How Can We Help You?

Texas Mortgage Lender





Texas Home Loans & Mortgages

HOME LOAN REFINANCE

Pay Off High Interest Debt and Cash-out Equity In Your Home

FHA HOME LOAN

Flexible Home Mortgage Guidelines With Attractive Rates

HARP HOME LOAN

Refinance Your Current Home Mortgage Without An Appraisal

JUMBO HOME LOAN

Higher-Dollar Home Loans From A Trusted Mortgage Lender

BANK STATEMENT MORTGAGE

Home Mortgage For Business Owners & Self-Employed

Getting a Mortgage Loan in Texas During COVID-19

Getting a Mortgage Loan in Texas During COVID-19

During this COVID-19 pandemic, we are all doing our best to stay safe and keep everyone else safe. We are doing our part by letting people go through the entire mortgage process from start to finish online, without having to see anyone in person. Getting a mortgage loan in Texas during COVID-19 can be an entirely virtual process now, and as safe as watching TV in your house.

Getting a Mortgage Loan in Texas During COVID-19

It all starts with our easy to use online mortgage application. When you apply online, we will work to have you pre-approved for your mortgage in as little as the same day. From there, you can upload all of the pertinent information and sign documents online.

With lockdowns on many businesses, we are still operating at full capacity and helping people with getting a mortgage loan in Texas during COVID-19 as quickly as possible, sometimes within as little as 30 days, depending on how quickly borrowers respond to us and other various factors.

Right now is a historically great time for a mortgage refinance, or to get a mortgage on a new home. Mortgage interest rates are still hovering near all-time lows, even if they have started to rise very slowly over the last few weeks.

Different Types of Mortgage Loans are Available

It’s a great time to get a Cash-Out Refinance, before the holidays, so that you can make this a great holiday. You can use the cash equity in your home for things such as buying gifts, making repairs or additions to your home, and many other things.

It’s a great time to do a Rate-and-Term Refinance, save money on your loan every month, and put money towards the holidays that way. Being able to make a smaller payment on your mortgage every month makes it time for a celebration!

Buying a new home is also a great value with rates this low. Locking in a low interest rate can save thousands over the course of the loan. The sooner that the application is in, the faster we can start to get it approved.

So, if you are interested in getting a mortgage loan in Texas during COVID-19, now is the time to get started.

Call the best mortgage lender in Texas, John Schutze’s Texas Loan Experts Team in Austin at (512) 775-6820 or visit JohnSchutze.com to apply now. Texas Loan Experts has the lowest rates on ConventionalFHAMortgage RefinancesJumbo LoansDebt Consolidation LoansRate and Term RefinancesCash Out Refinances, and HARP Loans. We are also the exclusive home for Hero.Loan VA Mortgages. We will come to you to close your loan. Nobody gets lower mortgage rates on better loans than Texas Loan Experts.

John Schutze

John Schutze

John Schutze was born and raised in Austin, TX and graduated from Texas State University with a degree in finance. Beginning his career as a financial advisor, John has a unique perspective when it comes advising his clients on the best mortgage type for their financial plan. With almost 20yrs experience in the mortgage industry, John has helped over 1500 families purchase or refinance their home.

John Schutze

As one of the area’s top mortgage bankers for over 17 years, John Schutze considers his #1 goal to be providing a smooth and predictable mortgage experience for all involved. Named the 2017 Mortgage Professional of the Year by Austin Monthly, John has also been consistently selected for the Austin Business Journal Top Producer List.

The John Schutze Show

Recent Posts

How Can We Help You?

Texas Mortgage Lender

Texas Home Loan Pre Approval





Why Choose

The John Schutze Team

CUSTOMER SERVICE
Our customer first approach to mortgages is what separates us from all of the other banks and mortgage companies. Our team will walk you through the process to ensure that your loan closes in a very timely manner. Our competition may think our philosophy on face-to-face customer service is excessive but our clients sure do appreciate it.

WE ARE THE EXPERTS
Our team has set the standard in the mortgage industry. We hire only the best in the business. Our knowledge and experience is unmatched. We continue to train and study new mortgage loan programs to make us the best choice for mortgage refinancing and home purchases, debt consolidation, Conventional, FHA, HARP, VA, and Jumbo Loans available.

BETTER HOME LOANS WITH LOWER MORTGAGE RATES
We provide you with several different mortgage loan options to ensure that you find the mortgage loan program that best fits your needs. Because of the volume of mortgage loans our team closes and the great relationships we have forged within our industry, we’re able to offer the most competitive mortgage interest rates to our clients.

WE ARE MORTGAGE LENDERS, NOT MORTGAGE BROKERS
As a direct mortgage lender, our process has been streamlined from start to finish. Having the entire mortgage loan process contained under one roof allows us to quickly and efficiently close your loan. Our ability to use the newest mortgage loan products and underwrite our own files, allows us to approve loans that our competitors can’t.

Getting a Mortgage Loan in Austin During COVID-19

Getting a Mortgage Loan in Austin During COVID-19

During this COVID-19 pandemic, we are all doing our best to stay safe and keep everyone else safe. We are doing our part by letting people go through the entire mortgage process from start to finish online, without having to see anyone in person. Getting a mortgage loan in Austin during COVID-19 can be an entirely virtual process now, and as safe as watching TV in your house.

Getting a Mortgage Loan in Austin During COVID-19

It all starts with our easy to use online mortgage application. When you apply online, we will work to have you pre-approved for your mortgage in as little as the same day. From there, you can upload all of the pertinent information and sign documents online.

With lockdowns on many businesses, we are still operating at full capacity and helping people with getting a mortgage loan in Austin during COVID-19 as quickly as possible, sometimes within as little as 30 days, depending on how quickly borrowers respond to us and other various factors.

Right now is a historically great time for a mortgage refinance, or to get a mortgage on a new home. Mortgage interest rates are still hovering near all-time lows, even if they have started to rise very slowly over the last few weeks.

Different Types of Mortgage Loans are Available

It’s a great time to get a Cash-Out Refinance, before the holidays, so that you can make this a great holiday. You can use the cash equity in your home for things such as buying gifts, making repairs or additions to your home, and many other things.

It’s a great time to do a Rate-and-Term Refinance, save money on your loan every month, and put money towards the holidays that way. Being able to make a smaller payment on your mortgage every month makes it time for a celebration!

Buying a new home is also a great value with rates this low. Locking in a low interest rate can save thousands over the course of the loan. The sooner that the application is in, the faster we can start to get it approved.

So, if you are interested in getting a mortgage loan in Austin during COVID-19, now is the time to get started.

Call the best mortgage lender in Texas, Arien Bowersock’s Texas Loan Experts Team in Austin at (512) 669-8306 or visit BowersockTeam.com to apply now. Texas Loan Experts has the lowest rates on Conventional, FHA, Mortgage Refinances, Jumbo Loans, Debt Consolidation Loans, Rate and Term Refinances, Cash Out Refinances, and HARP Loans. We are also the exclusive home for Hero.Loan VA Mortgages. We will come to you to close your loan. Nobody gets lower mortgage rates on better loans than Texas Loan Experts.

Arien Bowersock

Arien Bowersock

I was born in Lubbock, TX and came to Austin in 1998 to attend the University of Texas. After graduating, I knew I didn’t want to leave Austin. On a whim, I took a job as a loan officer assistant and I haven’t looked back since! With over 15 years in this industry I know this market well. Not only do I help my clients with their mortgage, I assist with all other home buying needs. Whether it’s deciding on the best neighborhood, choosing a realtor, or giving my opinion on a paint color- I am here to help!

How Can We Help You?

Texas Mortgage Lender





Texas Home Loans & Mortgages

HOME LOAN REFINANCE

Pay Off High Interest Debt and Cash-out Equity In Your Home

FHA HOME LOAN

Flexible Home Mortgage Guidelines With Attractive Rates

HARP HOME LOAN

Refinance Your Current Home Mortgage Without An Appraisal

JUMBO HOME LOAN

Higher-Dollar Home Loans From A Trusted Mortgage Lender

BANK STATEMENT MORTGAGE

Home Mortgage For Business Owners & Self-Employed

Is It Too Late to Refinance Your House in Austin This Year?

Is It Too Late to Refinance Your House in Austin This Year?

Go back to: Mortgage News | Homepage

Is It Too Late to Refinance Your House in Austin This Year?

Is It Too Late to Refinance Your House in Austin This Year?

After our post “Is it Too Late to Buy a Home in Austin This Year”, lots of people were asking if it was too late to refinance your house this year. Well, if you get started now, it’s likely not too late!

With mortgage interest rates near record lows, and home values rising rapidly, a ton of homeowners can benefit from refinances. Whether refinancing to lower your payment, or take cash out, or shorten the term of your loan, we will work hard to get you closed, like many of our borrowers, in 30 days.

When you refinance your house in Austin, you are essentially taking out a new mortgage to replace the one you currently have, but with more favorable rates and terms for you.

The fastest programs to refinance your house in Austin are Streamlines from FHA and USDA, as they don’t need an appraisal, while conforming loans close faster if the loan receives an appraisal waiver or a PIW (property inspection waiver) through the AUS (Automated Underwriting System).

The real key to being able to Refinance Your House in Austin is actually you!

If you want to refinance your house in Austin this year, before 2021, your responsiveness is the key! You need to be quick with responses to our need for documents and information so that we can get it input for you, or you can use our very fast, secure 5-Minute Mortgage Approval app to upload your documents and info for even faster results.

Choosing the way you refinance your house to fit your needs is important as well.

If you have credit card debt, want to make home improvements or repairs, or want to put money in your pocket, a Cash-Out Refinance is the way to go.

This loan takes out a new loan that is more than you currently owe, and you get a check at the end for the difference.

If you want to lower your monthly payment or shorten the length of your loan, a Rate-and -Term refinance is the best way to go.

These will adjust the mortgage interest rate for your home and the length of your mortgage to benefit you, lowering your payment or changing the length of your loan to allow you to spread out the payments or pay less in interest on a shorter loan.

If you want to get a loan closed this year, the only way is to get started NOW.

Call the best mortgage lender in Texas, Arien Bowersock’s Texas Loan Experts Team in Austin at (512) 669-8306 or visit BowersockTeam.com to apply now. Texas Loan Experts has the lowest rates on Conventional, FHA, Mortgage Refinances, Jumbo Loans, Debt Consolidation Loans, Rate and Term Refinances, Cash Out Refinances, and HARP Loans. We are also the exclusive home for Hero.Loan VA Mortgages. We will come to you to close your loan. Nobody gets lower mortgage rates on better loans than Texas Loan Experts.

Arien Bowersock

Arien Bowersock

I was born in Lubbock, TX and came to Austin in 1998 to attend the University of Texas. After graduating, I knew I didn’t want to leave Austin. On a whim, I took a job as a loan officer assistant and I haven’t looked back since! With over 15 years in this industry I know this market well. Not only do I help my clients with their mortgage, I assist with all other home buying needs. Whether it’s deciding on the best neighborhood, choosing a realtor, or giving my opinion on a paint color- I am here to help!

How Can We Help You?

Texas Mortgage Lender





Texas Home Loans & Mortgages

HOME LOAN REFINANCE

Pay Off High Interest Debt and Cash-out Equity In Your Home

FHA HOME LOAN

Flexible Home Mortgage Guidelines With Attractive Rates

HARP HOME LOAN

Refinance Your Current Home Mortgage Without An Appraisal

JUMBO HOME LOAN

Higher-Dollar Home Loans From A Trusted Mortgage Lender

BANK STATEMENT MORTGAGE

Home Mortgage For Business Owners & Self-Employed

Is It Too Late to Refinance Your House in Texas This Year?

Is It Too Late to Refinance Your House in Texas This Year?

Go back to: Mortgage News | Homepage

Is It Too Late to Refinance Your House in Texas This Year?

Is It Too Late to Refinance Your House in Texas This Year?

After our post “Is it Too Late to Buy a Home in Texas This Year”, lots of people were asking if it was too late to refinance your house this year. Well, if you get started now, it’s likely not too late!

With mortgage interest rates near record lows, and home values rising rapidly, a ton of homeowners can benefit from refinances. Whether refinancing to lower your payment, or take cash out, or shorten the term of your loan, we will work hard to get you closed, like many of our borrowers, in 30 days.

When you refinance your house in Texas, you are essentially taking out a new mortgage to replace the one you currently have, but with more favorable rates and terms for you.

The fastest programs to refinance your house in Texas are Streamlines from FHA and USDA, as they don’t need an appraisal, while conforming loans close faster if the loan receives an appraisal waiver or a PIW (property inspection waiver) through the AUS (Automated Underwriting System).

The real key to being able to Refinance Your House in Texas is actually you!

If you want to refinance your house in Texas this year, before 2021, your responsiveness is the key! You need to be quick with responses to our need for documents and information so that we can get it input for you, or you can use our very fast, secure 5-Minute Mortgage Approval app to upload your documents and info for even faster results.

Choosing the way you refinance your house to fit your needs is important as well.

If you have credit card debt, want to make home improvements or repairs, or want to put money in your pocket, a Cash-Out Refinance is the way to go.

This loan takes out a new loan that is more than you currently owe, and you get a check at the end for the difference.

If you want to lower your monthly payment or shorten the length of your loan, a Rate-and -Term refinance is the best way to go.

These will adjust the mortgage interest rate for your home and the length of your mortgage to benefit you, lowering your payment or changing the length of your loan to allow you to spread out the payments or pay less in interest on a shorter loan.

If you want to get a loan closed this year, the only way is to get started NOW.

Call the best mortgage lender in Texas, John Schutze’s Texas Loan Experts Team in Austin at (512) 775-6820 or visit JohnSchutze.com to apply now. Texas Loan Experts has the lowest rates on Conventional, FHA, Mortgage Refinances, Jumbo Loans, Debt Consolidation Loans, Rate and Term Refinances, Cash Out Refinances, and HARP Loans. We are also the exclusive home for Hero.Loan VA Mortgages. We will come to you to close your loan. Nobody gets lower mortgage rates on better loans than Texas Loan Experts.

John Schutze

John Schutze

John Schutze was born and raised in Austin, TX and graduated from Texas State University with a degree in finance. Beginning his career as a financial advisor, John has a unique perspective when it comes advising his clients on the best mortgage type for their financial plan. With almost 20yrs experience in the mortgage industry, John has helped over 1500 families purchase or refinance their home.

John Schutze

As one of the area’s top mortgage bankers for over 17 years, John Schutze considers his #1 goal to be providing a smooth and predictable mortgage experience for all involved. Named the 2017 Mortgage Professional of the Year by Austin Monthly, John has also been consistently selected for the Austin Business Journal Top Producer List.

The John Schutze Show

Recent Posts

How Can We Help You?

Texas Mortgage Lender

Texas Home Loan Pre Approval





Why Choose

The John Schutze Team

CUSTOMER SERVICE
Our customer first approach to mortgages is what separates us from all of the other banks and mortgage companies. Our team will walk you through the process to ensure that your loan closes in a very timely manner. Our competition may think our philosophy on face-to-face customer service is excessive but our clients sure do appreciate it.

WE ARE THE EXPERTS
Our team has set the standard in the mortgage industry. We hire only the best in the business. Our knowledge and experience is unmatched. We continue to train and study new mortgage loan programs to make us the best choice for mortgage refinancing and home purchases, debt consolidation, Conventional, FHA, HARP, VA, and Jumbo Loans available.

BETTER HOME LOANS WITH LOWER MORTGAGE RATES
We provide you with several different mortgage loan options to ensure that you find the mortgage loan program that best fits your needs. Because of the volume of mortgage loans our team closes and the great relationships we have forged within our industry, we’re able to offer the most competitive mortgage interest rates to our clients.

WE ARE MORTGAGE LENDERS, NOT MORTGAGE BROKERS
As a direct mortgage lender, our process has been streamlined from start to finish. Having the entire mortgage loan process contained under one roof allows us to quickly and efficiently close your loan. Our ability to use the newest mortgage loan products and underwrite our own files, allows us to approve loans that our competitors can’t.

Is a Cash-Out Refinance Worth Doing Right Now in Austin

Is a Cash-Out Refinance Worth Doing Right Now in Texas

Go back to: Mortgage News | Homepage

Is a Cash-Out Refinance Worth Doing Right Now in Austin

Is a Cash-Out Refinance Worth Doing Right Now in Texas

In the middle of a mortgage refinance boom, many people are asking: is a Cash-Out Refinance worth doing right now in Austin? The answer really depends on if you need to put cash in your pocket.

That’s what a Cash-Out Refinance in Austin does. Basically, you’re taking out a brand new mortgage, replacing the one that you have now. This new mortgage balance will be higher than the previous one by the amount that you’re taking out.

At the end of the mortgage transaction, you walk away with a check for the difference.

How Does a Cash-Out Refinance Work in Austin?

A Cash-Out Refinance in Austin uses the equity that you have built in your home through home value rising and your monthly payments to fund the money you take out.

You have to have a percentage of equity in your home before you can take cash out.

For example, if your home is worth $250,000 and you currently have $150,000 left on your mortgage, that gives you $100,000 in home equity, which translates to 40 percent of the home’s value.

You need to have at least 20% of your home equity left at the end to avoid paying PMI (Private Mortgage Insurance), so that will leave you with $50,000 you can borrow. You would then take out a new mortgage for $200,000 (the $150,000 that you currently owe, plus $50,000) and get a $50,000 check at your closing. Then you would be responsible for closing costs which are usually anywhere from 3-6% of the total mortgage. Those can be rolled into the loan, so you’re not necessarily cutting a check that day.

So Is a Cash-Out Refinance Worth Doing in Austin?

If you need to put cash in your pocket, it absolutely is. You’re basically borrowing money at a very low rate of interest. You can use that for anything you want, from paying off credit cards and other high-interest debt to paying for life events like college or weddings to making improvements or repairs to your current home.

If you are just looking to put money in your pocket for a rainy day, it CAN be a good idea when rates are so low, but it’s a very long-term loan for a maybe.

All-in-all, if you are a homeowner who has bills to pay, repairs to make, or credit card companies breathing down your neck, you can likely benefit from a Cash-Out Refinance.

Plus, as we enter the holiday season, saving money on your mortgage could be the difference between getting your child the toy they want or not.

Call the best mortgage lender in Texas, John Schutze’s Texas Loan Experts Team in Austin at (512) 775-6820 or visit JohnSchutze.com to apply now. Texas Loan Experts has the lowest rates on Conventional, FHA, Mortgage Refinances, Jumbo Loans, Debt Consolidation Loans, Rate and Term Refinances, Cash Out Refinances, and HARP Loans. We are also the exclusive home for Hero.Loan VA Mortgages and The Bank Statement Mortgage. We will come to you to close your loan. Nobody gets lower mortgage rates on better loans than Texas Loan Experts.

John Schutze

John Schutze

John Schutze was born and raised in Austin, TX and graduated from Texas State University with a degree in finance. Beginning his career as a financial advisor, John has a unique perspective when it comes advising his clients on the best mortgage type for their financial plan. With almost 20yrs experience in the mortgage industry, John has helped over 1500 families purchase or refinance their home.

John Schutze

As one of the area’s top mortgage bankers for over 17 years, John Schutze considers his #1 goal to be providing a smooth and predictable mortgage experience for all involved. Named the 2017 Mortgage Professional of the Year by Austin Monthly, John has also been consistently selected for the Austin Business Journal Top Producer List.

The John Schutze Show

Recent Posts

How Can We Help You?

Texas Mortgage Lender

Texas Home Loan Pre Approval





Why Choose

The John Schutze Team

CUSTOMER SERVICE
Our customer first approach to mortgages is what separates us from all of the other banks and mortgage companies. Our team will walk you through the process to ensure that your loan closes in a very timely manner. Our competition may think our philosophy on face-to-face customer service is excessive but our clients sure do appreciate it.

WE ARE THE EXPERTS
Our team has set the standard in the mortgage industry. We hire only the best in the business. Our knowledge and experience is unmatched. We continue to train and study new mortgage loan programs to make us the best choice for mortgage refinancing and home purchases, debt consolidation, Conventional, FHA, HARP, VA, and Jumbo Loans available.

BETTER HOME LOANS WITH LOWER MORTGAGE RATES
We provide you with several different mortgage loan options to ensure that you find the mortgage loan program that best fits your needs. Because of the volume of mortgage loans our team closes and the great relationships we have forged within our industry, we’re able to offer the most competitive mortgage interest rates to our clients.

WE ARE MORTGAGE LENDERS, NOT MORTGAGE BROKERS
As a direct mortgage lender, our process has been streamlined from start to finish. Having the entire mortgage loan process contained under one roof allows us to quickly and efficiently close your loan. Our ability to use the newest mortgage loan products and underwrite our own files, allows us to approve loans that our competitors can’t.

Is a Cash-Out Refinance Worth Doing Right Now in Texas

Is a Cash-Out Refinance Worth Doing Right Now in Texas

Go back to: Mortgage News | Homepage

Is a Cash-Out Refinance Worth Doing Right Now in Texas

Is a Cash-Out Refinance Worth Doing Right Now in Texas

In the middle of a mortgage refinance boom, many people are asking: is a Cash-Out Refinance worth doing right now in Texas? The answer really depends on if you need to put cash in your pocket.

That’s what a Cash-Out Refinance in Texas does. Basically, you’re taking out a brand new mortgage, replacing the one that you have now. This new mortgage balance will be higher than the previous one by the amount that you’re taking out.

At the end of the mortgage transaction, you walk away with a check for the difference.

How Does a Cash-Out Refinance Work in Texas?

A Cash-Out Refinance in Texas uses the equity that you have built in your home through home value rising and your monthly payments to fund the money you take out.

You have to have a percentage of equity in your home before you can take cash out.

For example, if your home is worth $250,000 and you currently have $150,000 left on your mortgage, that gives you $100,000 in home equity, which translates to 40 percent of the home’s value.

You need to have at least 20% of your home equity left at the end to avoid paying PMI (Private Mortgage Insurance), so that will leave you with $50,000 you can borrow. You would then take out a new mortgage for $200,000 (the $150,000 that you currently owe, plus $50,000) and get a $50,000 check at your closing. Then you would be responsible for closing costs which are usually anywhere from 3-6% of the total mortgage. Those can be rolled into the loan, so you’re not necessarily cutting a check that day.

So Is a Cash-Out Refinance Worth Doing in Texas?

If you need to put cash in your pocket, it absolutely is. You’re basically borrowing money at a very low rate of interest. You can use that for anything you want, from paying off credit cards and other high-interest debt to paying for life events like college or weddings to making improvements or repairs to your current home.

If you are just looking to put money in your pocket for a rainy day, it CAN be a good idea when rates are so low, but it’s a very long-term loan for a maybe.

All-in-all, if you are a homeowner who has bills to pay, repairs to make, or credit card companies breathing down your neck, you can likely benefit from a Cash-Out Refinance.

Plus, as we enter the holiday season, saving money on your mortgage could be the difference between getting your child the toy they want or not.

Call the best mortgage lender in Texas, Arien Bowersock’s Texas Loan Experts Team in Austin at (512) 669-8306 or visit BowersockTeam.com to apply now. Texas Loan Experts has the lowest rates on Conventional, FHA, Mortgage Refinances, Jumbo Loans, Debt Consolidation Loans, Rate and Term Refinances, Cash Out Refinances, and HARP Loans. We are also the exclusive home for Hero.Loan VA Mortgages and The Bank Statement Mortgage. We will come to you to close your loan. Nobody gets lower mortgage rates on better loans than Texas Loan Experts.

Arien Bowersock

Arien Bowersock

I was born in Lubbock, TX and came to Austin in 1998 to attend the University of Texas. After graduating, I knew I didn’t want to leave Austin. On a whim, I took a job as a loan officer assistant and I haven’t looked back since! With over 15 years in this industry I know this market well. Not only do I help my clients with their mortgage, I assist with all other home buying needs. Whether it’s deciding on the best neighborhood, choosing a realtor, or giving my opinion on a paint color- I am here to help!

How Can We Help You?

Texas Mortgage Lender





Texas Home Loans & Mortgages

HOME LOAN REFINANCE

Pay Off High Interest Debt and Cash-out Equity In Your Home

FHA HOME LOAN

Flexible Home Mortgage Guidelines With Attractive Rates

HARP HOME LOAN

Refinance Your Current Home Mortgage Without An Appraisal

JUMBO HOME LOAN

Higher-Dollar Home Loans From A Trusted Mortgage Lender

BANK STATEMENT MORTGAGE

Home Mortgage For Business Owners & Self-Employed

Don’t Be Afraid to Apply For a Mortgage in Texas Before Halloween

Don’t Be Afraid to Apply For a Mortgage Before Halloween

Go back to: Mortgage News | Homepage

Don’t Be Afraid to Apply For a Mortgage in Texas Before Halloween

Don’t Be Afraid to Apply For a Mortgage Before Halloween

In a normal year, Halloween is a great night to party and have fun with your friends and family.  Normally it’s a great time to cut loose and play someone else for the night.  However, some people may be scared to apply for a mortgage (refinance or new home purchase) right before Halloween, but it’s really a great time to do it!

Take a good look at your mortgage statement and look at what you pay each month in interest. 

If your interest rate is not in the 2’s, you’re likely paying too much!  You won’t find a poltergeist or zombie out there trick-or-treating that’s scarier than that!

Interest rates have stayed low recently, but that doesn’t mean that they will be there forever.  You want to take your chance now to get that lower rate before they start to rise again. 

So before you go out to trick and treat, make sure that you’re not being tricked by your mortgage. 

Rates are so low right now that you can apply for a mortgage, refinance and potentially save thousands over the life of your loan, and hundreds each month. 

Borrowers are also taking advantage of low rates to apply for a mortgage and take cash out of their homes, paying off scary high-interest credit cards and saving money on interest payments that way.

It’s even a great time to buy!  While the housing inventory is still low, there are houses available if you look and make a good offer.  (Get pre-approved with us to make a stronger offer!)

So this year, dress up for Halloween as somebody with a great loan and apply for a mortgage!

And remember another bonus after you apply for a mortgage, after a refinance or new home purchase, you can skip two months of payments.  That’ll buy a LOT of candy!

Call the best mortgage lender in Texas, Arien Bowersock’s Texas Loan Experts Team in Austin at (512) 669-8306 or visit BowersockTeam.com to apply now. Texas Loan Experts has the lowest rates on Conventional, FHA, Mortgage Refinances, Jumbo Loans, Debt Consolidation Loans, Rate and Term Refinances, Cash Out Refinances, and HARP Loans. We are also the exclusive home for Hero.Loan VA Mortgages and The Bank Statement Mortgage. We will come to you to close your loan. Nobody gets lower mortgage rates on better loans than Texas Loan Experts.

Arien Bowersock

Arien Bowersock

I was born in Lubbock, TX and came to Austin in 1998 to attend the University of Texas. After graduating, I knew I didn’t want to leave Austin. On a whim, I took a job as a loan officer assistant and I haven’t looked back since! With over 15 years in this industry I know this market well. Not only do I help my clients with their mortgage, I assist with all other home buying needs. Whether it’s deciding on the best neighborhood, choosing a realtor, or giving my opinion on a paint color- I am here to help!

How Can We Help You?

Texas Mortgage Lender





Texas Home Loans & Mortgages

HOME LOAN REFINANCE

Pay Off High Interest Debt and Cash-out Equity In Your Home

FHA HOME LOAN

Flexible Home Mortgage Guidelines With Attractive Rates

HARP HOME LOAN

Refinance Your Current Home Mortgage Without An Appraisal

JUMBO HOME LOAN

Higher-Dollar Home Loans From A Trusted Mortgage Lender

BANK STATEMENT MORTGAGE

Home Mortgage For Business Owners & Self-Employed

Don’t Be Afraid to Apply For a Mortgage Before Halloween in Austin

Don’t Be Afraid to Apply For a Mortgage Before Halloween

Go back to: Mortgage News | Homepage

Don’t Be Afraid to Apply For a Mortgage Before Halloween in Austin

Don’t Be Afraid to Apply For a Mortgage Before Halloween

In a normal year, Halloween is a great night to party and have fun with your friends and family.  Normally it’s a great time to cut loose and play someone else for the night.  However, some people may be scared to apply for a mortgage (refinance or new home purchase) right before Halloween, but it’s really a great time to do it!

Take a good look at your mortgage statement and look at what you pay each month in interest. 

If your interest rate is not in the 2’s, you’re likely paying too much!  You won’t find a poltergeist or zombie out there trick-or-treating that’s scarier than that!

Interest rates have stayed low recently, but that doesn’t mean that they will be there forever.  You want to take your chance now to get that lower rate before they start to rise again. 

So before you go out to trick and treat, make sure that you’re not being tricked by your mortgage. 

Rates are so low right now that you can apply for a mortgage, refinance and potentially save thousands over the life of your loan, and hundreds each month. 

Borrowers are also taking advantage of low rates to apply for a mortgage and take cash out of their homes, paying off scary high-interest credit cards and saving money on interest payments that way.

It’s even a great time to buy!  While the housing inventory is still low, there are houses available if you look and make a good offer.  (Get pre-approved with us to make a stronger offer!)

So this year, dress up for Halloween as somebody with a great loan and apply for a mortgage!

And remember another bonus after you apply for a mortgage, after a refinance or new home purchase, you can skip two months of payments.  That’ll buy a LOT of candy!

Call the best mortgage lender in Texas, John Schutze’s Texas Loan Experts Team in Austin at (512) 775-6820 or visit JohnSchutze.com to apply now. Texas Loan Experts has the lowest rates on Conventional, FHA, Mortgage Refinances, Jumbo Loans, Debt Consolidation Loans, Rate and Term Refinances, Cash Out Refinances, and HARP Loans. We are also the exclusive home for Hero.Loan VA Mortgages and The Bank Statement Mortgage. We will come to you to close your loan. Nobody gets lower mortgage rates on better loans than Texas Loan Experts.

John Schutze

John Schutze

John Schutze was born and raised in Austin, TX and graduated from Texas State University with a degree in finance. Beginning his career as a financial advisor, John has a unique perspective when it comes advising his clients on the best mortgage type for their financial plan. With almost 20yrs experience in the mortgage industry, John has helped over 1500 families purchase or refinance their home.

John Schutze

As one of the area’s top mortgage bankers for over 17 years, John Schutze considers his #1 goal to be providing a smooth and predictable mortgage experience for all involved. Named the 2017 Mortgage Professional of the Year by Austin Monthly, John has also been consistently selected for the Austin Business Journal Top Producer List.

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Why Choose

The John Schutze Team

CUSTOMER SERVICE
Our customer first approach to mortgages is what separates us from all of the other banks and mortgage companies. Our team will walk you through the process to ensure that your loan closes in a very timely manner. Our competition may think our philosophy on face-to-face customer service is excessive but our clients sure do appreciate it.

WE ARE THE EXPERTS
Our team has set the standard in the mortgage industry. We hire only the best in the business. Our knowledge and experience is unmatched. We continue to train and study new mortgage loan programs to make us the best choice for mortgage refinancing and home purchases, debt consolidation, Conventional, FHA, HARP, VA, and Jumbo Loans available.

BETTER HOME LOANS WITH LOWER MORTGAGE RATES
We provide you with several different mortgage loan options to ensure that you find the mortgage loan program that best fits your needs. Because of the volume of mortgage loans our team closes and the great relationships we have forged within our industry, we’re able to offer the most competitive mortgage interest rates to our clients.

WE ARE MORTGAGE LENDERS, NOT MORTGAGE BROKERS
As a direct mortgage lender, our process has been streamlined from start to finish. Having the entire mortgage loan process contained under one roof allows us to quickly and efficiently close your loan. Our ability to use the newest mortgage loan products and underwrite our own files, allows us to approve loans that our competitors can’t.