Buying a Fredericksburg TX Home on the Installment Plan

Simply put, a mortgage is a loan for which a property is the security.  The concept of a mortgage came about after the Great Depression as a result of the devastating number of foreclosures. Back in those days, people borrowed money for homes and generally paid the interest in a lump sum at the end of each year.  Often the length of time before the loan was due was short resulting in few options when the hard times hit.

After this difficult financial era, along came the New Deal and the concept of an amortized loan was born.  Also created was Federal insurance for lenders and the secondary mortgage market.  These changes diminished the risk of default and encouraged home ownership.

These days, financial turmoil has again made home ownership a challenge.  Getting a loan has become much more challenging because of higher standards regarding income, ratio of debt to income and the borrower’s credit history.  Lenders are much more particular about the details of the real estate market in which they serve and do not always understand our unique Fredericksburg Texas real estate market.  Our local lenders know the value of the property and homes in the Texas Hill Country area and they stand ready to serve you.

If you are thinking of owning a Fredericksburg Texas home and are interested in a loan from a Fredericksburg Texas real estate lender, here are several you may wish to contact: 

Hill Country Home and Loan - (830) 997-5575


Main Streets of Texas Mortgage - (830) 997-9211


Wells Fargo Home Mortgage - (830) 997-7668


Blanco National Bank - (830) 990-0909


American Bank of Texas - (830) 997-9564


Arrowhead Bank - (830) 990-9300

Do not hesitate to call me with any Fredericksburg Texas real estate or Texas Hill Country area questions.  I am an experienced REALTOR associated with a long established and independent local real estate brokerage firm.  You can be confident of the advantage of local expertise when you choose me as your agent.  Please call (830) 456-6243 or email (JavaScript must be enabled to view this email address).

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