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The Benchmark Way – Buying A Home

With Benchmark, you’re never alone. We know that getting a mortgage can be scary, but it doesn’t have to be that way. Our family is here to walk you through the process of getting you home. In next part, we will give a deeper view into the heart of our approach to long term care of …

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Most Patriotic Day in Texas Raises Money to Support Veterans

One Million Dollars Raised at Private Fundraising Events to Support Veterans DALLAS, TEXAS – APRIL 21, 2017 – The sixth annual “Boot’n and Shoot’n” and “Boot’n and Salute’n Benefit Dinner” raised a record $1,000,000 to support military veterans. Both events, sponsored by Benchmark Mortgage, a mortgage banker located in Plano, Texas, support the work of The …

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HUD Lowers Mortgage Insurance Premiums for Most FHA Loans

[UPDATE – According to Housing Wire, This reduction has been indefinitely suspended mere minutes after Donald J. Trump was sworn in as the 45th President of the United States of America.] The Department of Housing and Urban Development announced on Monday that they plan to reduce the Mortgage Insurance Premium for FHA mortgage loans. Since 2012, …

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New Homeowners

Millionaire Tells Millennials To Buy A Home

CNN recently ran an article explaining why self-made millionaire David Bach has said, “The fact is, you aren’t really in the game of building wealth until you own some real estate.” In his book, “The Automatic Millionaire” Bach writes, “As a renter, you can easily spend half a million dollars or more on rent over …

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Department of the Treasury Building

Conforming Loan Limits Set To Increase For 2017

The Federal Housing Finance Agency has announced that it is increasing the maximum conforming loan limits for mortgage loans beginning in 2017.  A mortgage loan is considered “conforming” when it is eligible to be acquired by Fannie Mae and/or Freddie Mac. (Mortgages are often sold to Fannie or Freddie so that a lender has the liquidity/money available …

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Expensive Apartments/Condos photograph

Buying Still Cheaper Than Renting

Even in light of rising home prices, Trulia‘s October 2016 “Rent vs. Buy Report” successfully argues that owning your home with a conventional 30-year fixed rate mortgage costs less than renting in major US metros, even in high priced areas like Honolulu, HI (which sees 17.4% cost reduction over renting). The highest difference was 53.2% in Miami, FL …

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