Episode 60, Segment 4: Jumbo Loans & 5% Down Program

Did you know that there is a program which allows you to put just 5% down on a home up to $700,000? Listen to John Schutze & Mark Hairston of Supreme Lending discuss the program with local Remax real estate agent Mark Minchew.

Pictured left to right: John Schutze, Mark Hairston, Mark Minchew

Pictured left to right: John Schutze, Mark Hairston, Mark Minchew

"What I'm seeing as a mortgage banker, 5 years ago you didn't see too many jumbo loans," John says. "If they put 20-30% down, they probably did a conventional loan. There weren't as many jumbo loans percentage-wiseas there are today, but with how high housing prices are now, we're running into them all the time."

"We've been looking at different options to help folks who want to put a little less down but still live in areas like Westlake where they can send their kids to school at Westlake High School," John says. "So one of our neat programs is being able to offer 5% down for homes up to $700,000, and that's been a really popular program for us lately."

Mark shared the story of a buyer who had a homestead in Houston and a condo in San Francisco and wanted to buy in Austin. They were struggling to buy a $500,000 house in Austin but turned around and sold his condo and Houston home, then put minimum down on a homestead here, and used a 1031 tax exchange to buy seven duplexes with a larger tax writeoff on his homestead!"

Jumbo loans have a maximum of $417,000, so the 5% down program can be incredibly beneficial for those seeking a home in the more expensive Austin markets. To learn more about jumbo loans, email or call Mark Hairston at (512) 362-5605.

If you're interested in purchasing a home in Westlake or anywhere else in the Austin area, reach out to Mark Minchew of Remax Austin Skyline through his website or by calling (512) 328-8333.

Real Estate Agent Mark Minchew Remax Austin Skyline

Real Estate Agent Mark Minchew

Remax Austin Skyline

Episode 60, Segment 3: What's Going On In Westlake?

Remax Austin Skyline Agent Mark Minchew continues his guest segment on the show and discusses Westlake & property tax issues with John Schutze and Mark Hairston of Supreme Lending.

Mark has been working in the Westlake area for 26 years, so when it comes to knowing everything you know about property taxes and the area market, Mark is definitely your go-to guy.

Mark Minchew, of Remax Austin Skyline 

Mark Minchew, of Remax Austin Skyline 

WESTLAKE LAND VALUES & PRICES

"The taxing authority is changing the way they appraise your property to value your land more than your house sometimes," Mark says of the current property values in Westlake. "That's why a lot of people are buying land in Westlake and actually scrapping the houses."

Land values just a few years ago were around $225,000, Mark says, and they've increased to $340,000 currently.

"Homes in the Westlake area (which I define as those who go to Westlake High School) now have an average list price of $2,370,000. The median price is $1.6 million. People from California come here and see that and say, 'What a deal!'" Mark laughs. "But, they say our property taxes are too high in Austin. However, they're just looking at a percentage. If they look more closely, buying a house here is actually 1/3rd of the value of a home in California. Plus, we have no income taxes here!" 

WHO'S MOVING HERE?

"Californians can buy more with their money here. Instead of a little bungalow, they can buy a mansion here with the same amount of money, and overall we're lower in taxes here than in California."

John Schutze mentioned he's heard from several local economists this year that Floridians are actually coming here more than Californians now, "Which is interesting," he says. "I feel like I've seen a lot more people moving from California than from Florida!"

Turns out, Austin is now being touted as a top retirement community in the nation, according to Mark. 

"People are getting sick of the hot weather and boiling eggs on the sidewalk in Arizona and hurricanes in Florida, and most people like to have some seasons anyway," Mark says. "So Georgetown and Sun City have been booming and Austin is becoming a retirement destination."

TAX vALUATIONS & PROTESTS

Mark Hairston of Supreme Lending asked the question: The tax valuations of my home have gone up quite a bit recently. As a homestead property, what are the advantages of a higher valuation?

"When you're at a homestead property, you have to be there for two years, or two Januarys. After two Januarys, they can no longer go higher than 10% of what they're assessing you on," Mark Minchew says. "They can still show that your value has gone up quite a bit but then the assessment value is locked at a 10% which keeps you from having incredible increases."

"Tax protests really are not hard to do," Mark adds. "Give them your comps and they'll look at yours, They're actually not allowed to use the MLS system, so they maybe have just 20-30% of the properties to compare yours to." 

Mark knows pretty much everything there is to know about Westlake and property taxes in the area, so give him a call at (512) 328-8333 if you have questions, or visit his website to learn more.

Episode 60, Segment 2: The Unique Perspective of Special Guest Host, Mark Minchew

We were honored to have special guest real estate agent Mark Minchew, of Remax Austin Skyline, join us for the show this week to discuss what he's learned about the Austin real estate market since he began his career here in 1983. 

Affordability & Pricing Changes

"Last year 32,700 homes closed in the Austin MLS system, and that doesn't include some new homes from builders that weren't even added to the system," says Mark Minchew. "From the end of 2007 through 2011, the average price of a home in Austin was $250,000. Today, the average price has skyrocketed to around $375,00 while the median price has gone up to $278,000."

"We've definitely reached a point where our prices are no longer affordable," John says.

"It's getting harder and harder to live close to Austin. That's why our suburbs are booming, like in Leander and Kyle," Mark exclaims. "I just had a home that flooded out in Kyle, and they spent almost $30,000 fixing it and they were still able to sell it above market price with multiple offers for $207,000."

As for Mark's guesses for the future of Austin affordability, he believes that we'll see a relief in pricing soon. "I think we'll see a plateau in prices, but I think we're going to continue to see an increase in homes sold overall," Mark says. 

Price Bands

I've sold over 1,700 homes over my career and I've never had someone say, 'I'm looking up to $299k," Mark laughs. "So if I'm looking for a home from $300-350k, how many actually start looking at $299? No one does."

Mark's advice? If you're selling your home and are starting to price it, you should always price it right at that band.

"For instance, I had a client who was looking to price their home around $445k. I told them to price it at $450k instead, because by pricing it there, they'll reach the market of buyers who are looking for homes in the $450-500k range!" This simple tip can help you reach a much wider range of buyers and hopefully get your home sold even faster. 

Mark had more to say in our next segments about Westlake property taxes and jumbo loans, so check out our next podcasts on the blog to hear more wisdom from the seasoned realtor! And if you have other questions for Mark or need help in your own home search, give him a call at (512) 328-8333 or visit www.markminchew.com

Episode 60, Segment 1: USDA Loans Are Getting Cheaper!

Good news, everyone: The USDA announced that their loans are getting much cheaper for the consumer, effective October 2016! John Schutze and Mark Hairston of Supreme Lending sat down to discuss what changes consumers can expect this year:

If you're not sure what a USDA loan is, it's basically a very popular, zero-down loan program with competitive interest rates and monthly mortgage insurance, or PMI, that's actually cheaper than an FHA loan. In John's words: "The USDA loan is the best of both worlds!"

Now for the big changes coming: Currently, compared to a conventional loan, a USDA loan has an upfront fee of 2.75%, which is rolled into the loan so consumers don't pay it out of pocket at closing. For example: On a $200,000 loan, the 2.75% upfront fee adds an extra $5,500 to the loan amount. But starting this October, the USDA is changing the upfront fee to just 1%! That's right - it's going down from 2.75% to just 1%. In addition to that change, they're also making the monthly mortgage insurance will also be going down from .5% to .35%! 

"It's a big win for the consumer!"

If you're interested in learning more about a USDA loan or if you have questions about the new changes coming up, give John a call at (512) 524-8310 or email him here for more information. 

 

Episode 59, Segment 3: The Market in Lago Vista, Texas

This week, John Schutze was excited to welcome Lago Vista Real Estate Expert Michele Milivojac, also known as "The Barefoot Realtor," to the show to discuss the booming real estate market in Lago Vista, Texas.

To sum up the Lago Vista market in three words:

"It's going crazy!"

Because it's getting so hard to buy a property at a decent price close to Austin, people are now beginning to push out to the Lago Vista area. 

"I think people are considering it as an option when previously they wouldn't have," Michele says. "People think Lago is so far, but at the end of the day it's really not - it's only 15 minutes away from Cedar Park and you can still get to downtown Austin in 40-45 minutes."

Prices are up

"We're seeing a huge demand for homes that are $250K and under, but when something comes on the market for that price, it's usually gone in a day," says Michele. "There's little inventory left in that price range."

Michele says that the majority of the properties in Lago Vista are 2,000 square foot ranches, but there is a wide range of homes available. 

"Looking at the market right now, the lowest priced home I've seen is an 1,100 square foot cottage on the market for just under $140K - at the high end, there's an 11,000 square foot waterfront home on the market for 8.5 million dollars," she says. "So there's a large scope and there are even a lot of condos available that are really affordable - some are even under $100K." 

Great schools

Lago Vista is a small school district with just one elementary school, one middle school, and one high school, with a total of just about 1400 students in the entire district. 

"Since the 99-00 school year, the district has grown 30 percent, so that speaks greatly to the younger families that are moving to the area," says Michele. "All three of my kids go to school here, and the schools are great."

USDA loans

USDA loans are a zero-down loan program that you can get for affordable monthly payments at great rates. "The loan is strictly for areas considered rural, and at the moment, Lago Vista is still considered a rural area, making it an eligible place to receive a USDA loan," John says.

Cheap HOA fees

"We have HOA fees that are unheard of: It's only $130 for the entire year!" says Michele. "For that small fee, you get access to eight waterfront parks, four boat ramps, two public golf courses, a marina, tennis court, basketball court, city pool, and POA pool." 

While Lago Vista is Michele's specialty area for real estate, she does help out homebuyers looking everywhere in the Austin area. If you're looking for a fun and engaging realtor to help you find the perfect home, just give Michele Milivojac a call at (512) 786-6705 or email her at barefootrealtor1@gmail.com

Episode 59, Segment 2: Infill Condo Requirements

As housing affordability becomes an increasingly larger issue in Austin, many people are starting to think outside the box when they start their search for a new home. Investors and developers working in Austin are now buying homes with good-sized backyards and building a new, small condo structure on the land to sell. People are considering this option because it’s cheaper than buying a whole house and lot in areas like central and east Austin - not to mention, the house in the back is usually brand new, making it possible for you to buy new construction in the center of town for way cheaper than anywhere else you may find it.

 

The simple result of all these factors: Small and cheap infill condos are becoming more and more common in the central and east Austin regions. Because infill condos are a relatively new thing, the complicated requirements for an infill condo mortgage can get a little murky.

John Schutze & Andrew Thurston explain:

 

Unfortunately, the city of Austin doesn’t allow investors and developers to sell infill condos separately from the home. When you buy a home, you’re technically only buying the land - and the home is just a structure that adds value to the land you bought.

Because of this, the mortgage requirements can get complicated as the lender and title company help you create a contract that ensures each party living in the units knows what they’re responsible for.  

Infill Condo Checklist:

1. Has it been properly filed with the county?

Infill condos must be filed with the county, so make sure this requirement is fulfilled before you go any further with purchasing the property.

2. Do you have an Articles Of Incorporation contract set up?

Articles of Incorporation are the rules for what is permissible on the property: Since you’re sharing this lot with your neighbor, you’ll want to have a lot of rules in place to help ensure that the relationship goes well. Usually, the AOI will include rules regarding maintaining the property, noise allowances, number of pets allowed, etc.

3) Who covers the insurance?

Sometimes each unit will have their own insurance policy, but sometimes you may have to share the insurance policy with your neighbor. In most cases, you’ll need to at least have a policy with the minimum coverage requirements. Before purchasing, make sure you know what type of insurance policy you’ll need and if you’ll be sharing it with your neighbor or not!

4) Is the unit under 400 square feet?

Fannie May can have strict guidelines when it comes to approving loans for properties under 400 square feet. If that’s the case for you, make sure that your lender can approve a home that is smaller than 400 square feet before you start the process. Luckily, John Schutze of Supreme Lending is one of the few lenders that can usually still approve a loan on a property that small!

If you’re considering purchasing an infill condo and have more questions for John, just email him or give him a call at (512) 524-8310.

The Surprising Perks of VA Home Loans

Calling all veterans! Did you know that you could be eligible for a VA loan that will get you awesome perks when it comes to your mortgage payments? If you don’t know about your loan options as a veteran, then keep reading to find out more about what a VA loan could do for you.

What is a VA loan, anyway?

A VA loan is simply a mortgage loan guaranteed by the U.S. Department of Veterans Affairs and can be issued by qualified lenders. Since its inception, the VA Loan program has helped place more than 20 million veterans and their families into an affordable home financing situation through its distinct advantages over traditional mortgage loans.

How do I know if I’m eligible for a VA loan?

You are eligible for a VA loan if you meet any of the following requirements:

  • You have served 90 consecutive days of active service during wartime, OR

  • You have served 181 days of active service during peacetime, OR

  • You have more than 6 years of service in the National Guard or Reserves, OR

  • You are the spouse of a service member who has died in the line of duty or as a result of a service-related disability.

 

So, what exactly are the big advantages of a VA loan?

No mortgage insurance necessary

For one thing, there are NO monthly mortgage insurance payments with a VA loan! Mortgage Insurance can be pretty expensive, so this is a huge bonus when it comes to your monthly mortgage payments. Even if you put zero down on your home, this benefit still applies.

If you are a disabled veteran or receive disability checks, your funding fee will be completely waived - meaning your mortgage payments won’t have any extra fees or mortgage insurance added.

Lower interest rates

VA loan rates are also pretty competitive, often coming in at lower interest rates than conventional loans. Lower rates + no mortgage insurance payments means that a VA loan will most likely be the cheapest loan option you can choose.

Great down payment options

With a VA loan, you can actually close on your mortgage with no money down on a home up to $417,000 here in Central Texas. If you are buying a home that costs above that $417K amount, you only need to put down 25% of the amount you’re paying above $417. For example: If you were purchasing a home for $517K and go with a VA loan, that’s a $100K difference, meaning you would only have to put down $25,000 - while still not paying any mortgage insurance and getting a great VA loan interest rate. No matter the price of your new home, you’ll get great down payment options if you choose VA.

Flexible credit requirements

Credit requirements are usually more flexible if you purchase a home with a VA loan. If your credit is a little lower than you’d hoped for, you can still get a loan with a credit score as low as 620, and sometimes even lower than that - without driving your interest rate up too much. Bonus: Debt-ratio rates are also great with VA loans!


To sum it up:
The ultimate goal of the VA loan program is to make it as affordable and easy as possible for veterans to get the home of their dreams. John Schutze has worked on countless VA loans and is an expert at guiding you through the process. If you believe you are eligible for a VA loan and want to learn more about it or have any questions, contact John or give us a call today at (512) 524-8310!

Episode 58, Segment 4: Is Now The Right Time To Sell Your Home?

"Should I sell my home now, or wait a few more years to see if the house will appreciate even further?" In such a hot market, it's tough to know if you should hold out for more profits or just sell your home now. But if you're thinking about selling, John Schutze of Supreme Lending has some strong advice for you.

If you're deciding between selling your house within the next year or two, or waiting a few more years to see if home prices will increase even further, John has one word for you: SELL. 

The demand for homes in Austin is higher than ever, especially as already-built/older homes are scarce and building companies are working hard to catch up on new home construction to meet the incredible demand. Soon enough, there will be enough new homes in the area that the older homes won't be valued as much as they are currently. 

So if you've got a home that you're ready to sell within the next year or two, John highly encourages that you go for it while prices are still higher than they've ever been. 

If you have any questions at all, visit www.johnschutze.com, give John a call at (512) 524-8310, or shoot him an email.

Episode 58, Segment 3: How Adjusting Your Credit Score Can Save You Money

When you fill out a prequalification application, most mortgage lending companies will simply pull your credit report and give you an estimated interest rate based on your credit score. The secret you don't know? Sometimes, boosting your credit score by just a few points can actually save you thousands of dollars on interest. 

That's why John Schutze gives every potential client a full rundown of their credit report, letting them know how they can increase their score - even if it's already a good score - to get a lower interest rate on their mortgage, potentially saving them thousands of dollars in the long run. 

Many people don't even know how the credit score system works, and that boosting your score by paying down a credit card or paying off even a small debt can actually raise your score enough to earn you a lower interest rate on your home loan. 

If you're curious about your credit score and/or what steps you can take to improve it, just give John a call at (512) 524-8310, shoot him an email, or just fill out an application

Episode 58, Segment 2: What Are The Tax Benefits of Owning a Home?

Tax season is upon us, making this question pop up often: Are there many tax benefits to owning a home? While there are definitely tax benefits to home ownership, John's answer to this question may surprise you. 

"To be honest, there aren't any HUGE tax benefits to owning a home," John says.

When you file a standard tax return without owning a home, you get a standard deduction. If you do own a home, there are some really great deductions (see list below) - but you only get to deduct the amount that's above what your standard deduction would have been. Oftentimes, that amount only adds up to a couple thousand dollars extra in your tax return. 

That said, there are still many reasons that owning a home can benefit you when tax season rolls around:

1. You can deduct your mortgage interest

The tax code allows homeowners to deduct the mortgage interest from their tax obligations. For many people this is a huge deduction, since interest payments can be the largest component of your mortgage payment in the early years of owning a home.

2. Some closing costs can be deducted

If you just bought your home, you are able to claim the points, or origination fees, on your loan, no matter whether they are paid by you or the seller. And because one point is equal to 1% of the principal loan amount, of 1 percent or more are common, the savings can be pretty impressive.

3. Property tax is deductible

One of the biggest costs of owning a home is fully deductible when tax season rolls around. Real estate property taxes paid on your primary residence and even on a vacation home are both fully deductible for income tax purposes.

4. You can deduct your home equity lines

In addition to your mortgage interest, you can deduct the interest you pay on a home equity loan (or line of credit). This allows you to shift your credit card debts to your home equity loan, pay a lower interest rate than the high credit card interest rates, and get a deduction on the interest as well.

5. Mortgage interest is deductible on multiple properties

Mortgage interest on a second home also is fully deductible. In fact, your additional property doesn't have to strictly be a house. A boat or RV can qualify as a property, as long as it has cooking, sleeping and bathroom facilities. You can even rent out your second property for part of the year and still take full advantage of the mortgage interest tax deduction as long as you also spend some time there yourself.

6. No taxes on the profits from selling your home

If you’ve owned and lived in the same home for at least two of the five years before the sale, you won’t pay taxes on the first $250,000 of profit. If you’re married, the number doubles to $500,000, but both spouses have to meet the residency requirement.

7. Renewable-energy tax credit

Going green can certainly pay off. If you’ve installed equipment for your home that uses renewable sources of energy, such as the sun and wind, to help power your home, you may be eligible for the Renewable Energy Efficiency Property Credit. You are eligible for this tax credit up to 30% of the cost of the equipment, installation included, as long as the equipment is placed in service by the end of December 2016.

If you have any questions about your home tax deductions or anything else at all, feel free to give John a call at (512) 524-8310 or email him here

Episode 58, Segment 1: Is Austin In A Housing Bubble?

With home values higher than they've ever been in Austin, many people paying attention to the real estate market have been asking the same question: Is Austin in a housing bubble? 

As home prices have continued to skyrocket year after year, most people are asking: Will this trend really continue, or will the real estate market in Austin eventually collapse again? 

John sure doesn't think so. 

With the continuing population growth in Austin, in addition to the large number of tech companies that are starting to move to the area, John doesn't see a housing bubble at all. Several recent economic presentations have shown that we may level out, but we will still continue growing - just at a slower pace. Though our growth will probably move to a slower pace within the next 10 years, it seems like Austin will continue to grow and develop healthily. 

"There is absolutely nothing that would point to real estate being in a bubble in Texas," John says. "If we have jobs moving here, prices are going to continue increasing and demand will continue to rise. Even if the economy nationally slows down, there are so many companies moving to Austin that there would have to be a catastrophic event for there to be no job growth in Austin." 

Have any questions about the real estate market in Austin? Just email John or give him a call at (512) 524-8310. 

 

Episode 57, Segment 3: Tips From Consumer Credit Expert, Doc Compton

John Schutze and Andrew Thurston were incredibly excited to welcome Consumer Credit Expert Doc Compton to the show this week. With two decades of experience in consumer credit and credit repair, he's one of the foremost authorities on credit repair and restoration. Listen to the podcast or continue reading below to hear some of Doc's tips and tricks for getting great credit.

The Big Takeaways 

  • Credit bureaus commonly make mistakes on credit reports

"If the system actually worked the way it was written to work, it'd be great," Doc says. The problem is that there are so many people in the bureaus and such a high volume of data, that errors are to be expected. Unfortunately, the bureaus have a blasé attitude when it comes to dealing with any errors they make. While they do maintain a lot of good information, they're not on the side of the consumer - they're on the side of the banks.

"Their job is to provide a statistical analysis of how risky a buyer is to lend to, so they're protecting the interests of the banks versus the consumers," Doc says. 

That's why it can be important to use a credit expert who knows how to interact with these credit bureaus in order to correct any mistakes made on your score. 

  • Every credit profile has a different timeframe for recovery

In the mortgage business, John often sees people in two categories of credit reports: The first includes clients with just one or two medical collections and a late payment, or maxed out credit card, and usually he can give them suggestions on how to recover from the credit score.

The other profile often seen may be someone who had a major financial hardship in the past and now has lots of collections and late payments, thus receiving a very low credit score. Doc says because every credit profile is so profoundly different, it can be hard to say how long a person needs to get their credit back to a good place. For instance, it can take as little as 60 days to up to a year to get from a 500 to a 620 credit score. 

99% of millionaires own their own homes. I’m not saying that buying a home will make you a millionaire...but success leaves clues!
— Doc Compton

It's important to use a credit expert when you're trying to make major improvements to your credit score. Experts like Doc can help you with past bankruptcies and help to correct errors made by major credit companies and even get some of the errors removed!

Doc's Steps to Great Credit 

  • Figure out where you're at

 The best place to start is figuring out where your credit score lies on the spectrum by getting a credit report at creditgecko.com or freecreditreport.com. 

  • Correct any errors

If you believe there are any mistakes or errors with the information provided in your credit report, it's important that you try to get them corrected or removed - either yourself, or with a credit professional like Doc Compton.

  •  Build your credit

Many people simply don't have enough credit built up to purchase a home. If this is the case for you, then you must build some. Buy a secure credit card from creditgecko.com to start a line of credit, which can significantly improve your credit score.

  • Maintain that credit

Once you've established good credit, the key is to maintain it! The easiest way to do this is simply by paying your bills on time, all the time. Just one late payment on a loan or credit card can bring your credit score down, so it's important to ensure you are always conscious of paying your bills on time. 


Doc Compton has plenty more to say about credit repair and restoration and is always available to answer any questions you may have about your credit score. Visit www.doccompton.com to learn more or give him a call at 888-996-6342. 

Listen to the Austin Mortgage Report every Sunday at 3PM on Talk Radio 1370AM to hear more great mortgage advice from John Schutze, Andrew Thurston, and more special guests each week. 

Contact John or Andrew if you have any questions or want to see if your credit can get you a pre-qualified for a home loan!

Episode 57, Segment 2: Leander Realtor Shanan Shepherd Talks The Booming Market in Leander, Texas

Hosts John Schutze and Andrew Thurston welcome special guest Shanan Shepherd of Shepherd Nelson Realty to discuss what's next for the booming real estate market in the Leander/Cedar Park area just north of Austin. 

Leander real estate expert Shanan Shepherd describes the state of the area's competitive market as the Austin area continues to grow out north. When it comes to how busy the market is, Shanan had this to say: "Last year was super busy, but this year is making last year seem slow - I've never seen anything like it!"

Below are some more topics surrounding Leander that Shanan has observed over the past few years:

Home Prices

The new norm for home prices in the area is around $300k. Although many of the new developments claim to start in the 240s or 260s,  those prices begin to rise up to $300+ once you start adding customizations to your home. That said, Shepherd says that Leander is still more affordable than most homes in the city limits of Austin.

New Developments

As more Austinites move out to Leander and commute downtown, the rail is becoming a more popular option for many. As rail use grows, so will development around the rail. Shepherd says a lot is already starting to develop around the rail, and plans for new retail centers and shopping centers are in the works. 

Land Prices & Availability

There's still a long way to go before Leander is fully developed! Shepherd, also a member of the Leander City Council, says that there is plenty of land left in Leander to be developed. But if you're looking to buy land, the time is now - prices are increasing drastically as Cedar Park is becomes built out and more companies begin pushing into open Leander land. 

Overall, it looks like Leander is the new place to be! As it grows and builds out, there's no better time than now to buy. If you're looking for a home in the area, don't hesitate to contact Shanan Shepherd at (512) 906-9936 or visit her website at www.shepherdnelsonrealty.com

Episode 57, Segment 1: The Problem With Biweekly Monthly Mortgage Payments

On the first segment of this week's show, John Schutze & Andrew Thurston discuss the pros and cons of paying biweekly monthly payments on your mortgage. 

While automated biweekly payments can be a convenient and easy choice, it can also lead to some preventable mistakes. Listen to see the common mistakes made with these payments and how you can avoid them in the future!

If you have any questions at all, just email John or Andrew, or give John a call at (512) 524-8310 or call Andrew at (512) 524-8365. 

Episode 56, Segment 4: Where Will Millennials Buy Homes in Austin?

Millennials are about to reach the prime age of buying a home. With the supply of existing houses in Austin diminishing, will millennials try to buy older homes, or build more custom/new homes? John Schutze and Andrew Thurston sit down to discuss the remaining options for millennials.

As more and more millennials get ready to settle down and buy a home in the Austin area, the market will continue to grow and change. Make sure your lender is knowledgeable about the market and the right loans available for first-time homebuyers!

Visit www.johnschutze.com for more information or to see if you pre-qualify today.