Your browser is out of date.

You are currently using Internet Explorer 7/8/9, which is not supported by our site. For the best experience, please use one of the latest browsers.

Home Resources Financing

Real Estate Financing in Magnolia TX

For many people, buying a home is the ultimate goal. Leaping from renting to owning is a big step because, aside from the few who can pay the balance in full, it often means obtaining a home mortgage.

A home mortgage is a loan supplied by a bank, credit union, mortgage company, or other financial institution to purchase a residence. These loans commonly cover a primary home, secondary or vacation one, or an investment property.

Contact The Team
Financing paperwork

Benefits of a home mortgage

The primary advantage of a home mortgage is the ability to buy a house without having to save up hundreds of thousands of dollars. This means homes that generally would be out of your reach are now available to you. There are many more, often lesser-discussed perks to home loans, however. 

  • Mortgage debt is low interest
  • Mortgage interest is tax-deductible 
  • Maintains financial liquidity
  • Making regular, on-time payments boosts your credit rating

Lastly, there’s equity. As you own your home and make payments, your home will accumulate equity. If you buy a $500,000 house in Magnolia with a $100,000 down payment and a $400,000 loan, and the home appreciates 10 percent in one year, you have made a 50 percent profit on your investment.

Other types of home loans

Home loans can also fund improvements, which are very important for homeowners. Typically called home improvement loans, these are often wise investments because they boost a property’s value.

This increased value is realized when it comes time to sell the property. Carswell Real Estate specializes in selling homes in Magnolia, Tomball, and surrounding areas. If you're searching how to finance a house, look no further than Carswell. We’re happy to support you during the process.

How to finance a house

It’s ideal to find a home mortgage lender before starting your home search. This enables you to shop around and find the best match for your situation.

Waiting until after the search begins or prospective home is found can lead to a rush, and you might not have the time to get the best possible deal. Here are some tips to help you find the right lender:

  • Know your credit score
  • Pay off high-interest debts, if possible
  • Avoid changing jobs shortly before or during the mortgage search, if possible
  • Compare rates from several lenders

Don’t forget to ask a lot of questions. You want to identify the lender’s turnaround capability for preapproval, appraisal, and closing. Additionally, you need to know about their fees and down payment requirements.

More than a realty company 

Real estate agents are an excellent resource for finding high-quality lenders offering mortgages for the areas you’re looking in. They know who offers favorable rates, is communicative, and has a reputation for closing quickly.

There’s no better information source for real estate in the communities north of Houston than Carswell Real Estate. We’ve linked buyers with lenders, facilitating the purchase of homes in neighborhoods like the following: 

If you don’t have the time or are unsure where to find a home mortgage, Carswell Real Estate is here to assist. We’re happy to connect you with lenders we know and trust. 

Give us a call if you’re interested in buying a home in Magnolia, Tomball, and the surrounding areas.

Have questions?

Fill out the form below and our team will contact you shortly.

Get In Touch

(281) 351-2606

35835 FM 1774
Magnolia, TX 77355

About Carswell
Real Estate, Inc.

The Carswell Family moved to the Magnolia/Tomball area in 1963, back when Spring Creek Bridge was a wooden bridge structure. Lisa started her real estate career in 1996 and founded Carswell Real Estate Co. Inc. in 2006 with the help of sons Justin and Brandan Carswell as broker and agent.