Bonck and Baker Blog
Become a mortgage guru!

A Step-by-Step Guide to Construction Loans Finding the perfect house can be a challenge. When you can’t find your dream home on the market, building your own might be the best option. However, the process of building a house, securing construction loans, and financing a lot loan can seem daunting. In this post, we’ll break […]

Unlocking Homeownership Are you dreaming of owning a home but feel overwhelmed by the thought of a hefty down payment? You’re not alone. Many aspiring homeowners believe that they need to save 20% of the home’s price upfront. But here’s some great news: Down Payment Assistance (DPA) programs can significantly reduce the financial barriers to […]

Save Money on Your Mortgage You bought your house a year ago, and now it’s worth much more. So, how do you get rid of that pesky PMI (Private Mortgage Insurance)? Today’s blog post walks you through the steps to remove PMI and save money. Understanding PMI and Why You Have It PMI stands for […]

Strategies for Homebuyers and Real Estate Agents You’re under contract for a dream house, but then the appraisal comes in low. The seller won’t budge on the price, and you still want to buy. What now? This scenario can be stressful, but there are practical solutions that don’t require you to dip into your savings […]

Leveraging Home Equity: Smart Strategies for Maintaining Low Interest Rates And Funding Big Dreams In today’s market, many homeowners find themselves with substantial equity in their homes but are locked into super low-interest mortgages. The question arises: How can you tap into that equity without sacrificing your low mortgage rate? The answer lies in strategic […]

Decoding Discount Points: A Smart Strategy for Mortgage Savings When you’re on the exciting path to homeownership, one of the pivotal steps is securing the best possible mortgage rate. Many buyers, however, don’t realize they have options within a range of rates, not just a single figure. This is where discount points come into play. […]

Your Key to Mortgage Approval Embarking on the journey to homeownership is an exciting prospect, but it comes with financial considerations, particularly when it comes to qualifying for a mortgage. Understanding the concept of debt-to-income ratios (DTI) is crucial as it directly impacts your ability to secure a mortgage. In this post, we’ll delve into […]

Leveraging Equity to Consolidate Debt Houston, we have a problem. National credit card debt has skyrocketed to unprecedented levels, reaching nearly a trillion dollars. If you’re carrying credit card balances month after month, you’re not alone. But fear not, there’s a solution to this financial dilemma. In this blog post, we’ll explore the concept of […]

A Guide to Refinancing In recent times, there’s been a buzz about interest rates dropping, prompting many homeowners to consider refinancing their homes. However, before making any decisions, it’s crucial to weigh the options carefully. In this blog post, we’ll delve into the intricacies of refinancing, exploring its different types and determining whether it’s a […]