Mortgage Answers

What is a homestead exemption in Texas?

by: Cavanaugh CrewPublished on: 02/02/2026

Homestead exemptions can reduce property tax liability for qualifying homeowners. Eligibility and benefits vary by county.

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What is a rate lock?

by: Cavanaugh CrewPublished on: 02/02/2026

A rate lock secures an interest rate for a set period. Lock terms vary by lender. Timing can impact final costs.

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What is an FHA loan?

by: Cavanaugh CrewPublished on: 02/02/2026

An FHA loan is a government-backed mortgage designed to help borrowers qualify with flexible guidelines. FHA loans are commonly used by first-time buyers but are available to repeat buyers as well.

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What is an adjustable-rate mortgage?

by: Cavanaugh CrewPublished on: 02/02/2026

Adjustable-rate mortgages have interest rates that change after an initial period. They may offer lower starting rates but include variability. Understanding terms is essential.

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