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Resource Library

Welcome to the Mortgage Mark Resource Library. Here you will find helpful articles, guides, and tools designed to make the mortgage process easier to understand. Whether you are buying your first home, refinancing, or exploring loan options, our resources provide practical information to help you make confident decisions every step of the way.

Home Loans with UFMIP in Texas

The government-backed home loans of FHA, VA, and USDA all have some form of upfront mortgage insurance premium, or upfront MIP. Each program has a unique…

Mortgage Loan Programs Overview

If you’re looking for a new home, you’ll most likely need a mortgage to facilitate the purchase. There are two…

Home Loan Process Overview

LOAN PROGRAMS Getting Started Buying a home is one of the biggest financial decisions you'll make. The Team at MM…

Mortgage Points for Interest Rate Buy Down

Mortgage points are mortgage closing costs that are paid when closing a residential home loan and are often used for an…

How to Remove Disputes From Credit Report

When was the last time you checked your credit report? Although they’re usually accurate, mistakes can happen. If you don’t…

Escrow Analysis and Adjustment for Homeowners

This article is applicable to homeowners who have a mortgage with an escrow account. Every year, mortgage servicers do an…

Guide to Texas Homestead Exemption Rules

If you’re a homeowner in Texas, understanding the Homestead Exemption is crucial to saving on your property taxes. This exemption…

Mortgage Glossary

Full disclosure: this is one of the very few pages we didn’t actually write on our website. This information was…

Qualified Mortgages (QM) Guidelines

The Consumer Financial Protection Bureau (CFPB) amended Regulation Z, which implements the Truth in Lending Act (TILA), to prohibit lenders…

Adjustable Rate Mortgage Basics

An Adjustable Rate Mortgage (ARM) is normally a 30 year fully amortizing loan that has an interest rate that will…

Mortgage Down Payments

The required minimum mortgage down payment varies based on the mortgage program. This article outlines the minimum down payments for various…

What Is Purchasing Power and How Is it Calculated?

Before you buy a home, you need to know how much you can afford to spend on a home loan….

What is a Title Company?

A title company is an independent, unbiased, third-party company who acts as a fiduciary intermediate during the home loan process. The company…

The Lowdown on LLPAs: What is It and Its Potential Impact on Your Mortgage

Are you struggling to make sense of a mortgage agreement with all the unfamiliar mortgage terminology? Don't fret, you're not…

Mortgage Insurance Overview

Mortgage Insurance (MI) protects the lender against losses if a borrower defaults on their home loan. (i.e. MI makes sure…

Mortgage Tax Deductions

Mortgage Interest paid on first and second mortgages are tax deductible for primary and second homes. The deductions are only…

Rate Buydown Calculator (and video)

An interest rate buydown temporary reduces a monthly mortgage payment for designed time period. Navigating the complexities of mortgage interest…

Texas Mortgage FAQs

Mortgages are complicated. It's our entire world and we still know it! Based on commonly asked questions in the mortgage…

Mortgage Escrow Account Overview

A mortgage escrow account is money held by a mortgage servicer to pay property taxes and homeowners insurance on behalf…

Escrows on New Construction Explained

This article is relevant to home loans where property taxes are part of the monthly mortgage payment. A basic understanding…

Refinance Escrows in Texas

Prepaids and Escrows For Refinances There is a difference between fees paid for closing (i.e. Closing Costs) and Prepaids paid at closing….

Escrow Account Calculations for Purchase Loans

All mortgage lenders use the same escrow account calculations. In other words, it doesn’t matter what lender you choose since…

What You Need to Know About Property Taxes in Texas

Looking for a home loan? You need to know how property taxes could affect how much you’ll pay for a…

Property Tax Deductions: Over 65 and Disabled Person

The main source of property tax deductions on a home is the homestead exemption. Here, we talk about the Over…

Homeowners Insurance

Homeowners insurance protects a homeowner (and lender) in the event of property damage or loss resulting from an “event.” It…

Mortgage Prepaids

The term “prepaids” includes the costs for the home’s property taxes, homeowners insurance, HOA dues, and per diem interest due…

How to Get Rid of Private Mortgage Insurance (PMI)

Let’s face it, nobody likes mortgage insurance. The good news is that you can (eventually) cancel Private Mortgage Insurance (PMI). The…

Closing Costs Overview

Here’s a breakdown the home closing costs, prepaids, and money due at closing. These are applicable when buying, selling, or…

Closing Costs Payment Methods

When structuring a mortgage home loan there are four ways to pay for the mortgage closing costs: pay cash at closing,…

Estimated Home Loan Closing Costs

There are three components due at closing when buying a home and getting a home loan. The first is the mortgage…

New Construction Closing Costs

New construction closing costs are typically higher than the closing costs for an existing home. When purchasing a newly constructed home, buyers often…

Seller Concessions (with video)

Seller concessions allow a homebuyer to “roll-in” closing costs on a purchase home loan. It’s one of the four methods to…

Looking for More?

Looking for answers beyond what’s covered in our articles and guides? Explore Mark’s YouTube channel for hundreds of videos covering home buying, refinancing, credit, mortgage qualification, construction loans, investment properties, and more.

Whether you’re researching a specific topic or simply trying to better understand the mortgage process, you’ll find practical advice, real-world examples, and educational content designed to help you make informed decisions.