Mortgage Insights
A mortgage is a loan used to buy a home, where you borrow money from a lender and repay it over 15 to 30 years through monthly payments. These payments cover both the borrowed amount (principal) and interest. If you fail to make payments, the lender can take possession of the property through foreclosure.
Our Preferred Lender

Our Preferred Lender
Ryan Andrews
Branch Manager
Work
130 N Preston Rd Box 527
Prosper, TX 75078
Cell: 469-450-0487
Fax: 972-692-2650
Email: ryan@horizonlendingservices.com
Ryan is a seasoned mortgage specialist with a passion for helping individuals and families achieve their dreams of homeownership. With 16 years in the mortgage industry, he brings a wealth of experience and a deep commitment to providing personalized mortgage solutions. Throughout his career, Ryan has assisted numerous clients in navigating the complexities of the mortgage process and reach the finish line.
UNDERSTANDING MORTGAGE LOAN COMPONENTS
- Down Payment: An upfront payment made by the buyer, usually a portion of the property’s purchase price, which reduces the total loan amount.
- Principal: This is the core amount you borrow from the lender to purchase your property.
- Interest: The cost of borrowing, calculated as a percentage of the principal, and paid over the life of the loan.
- Loan Term: The duration over which you agree to repay the loan, typically set at 15, 20, or 30 years.
- Amortization Schedule: A detailed payment plan that shows how each installment is divided between paying down the principal and covering interest.
- Collateral: The home you buy serves as security for the loan; if you fail to repay, the lender can foreclose on the property.
- Fixed vs. Adjustable Rates: Mortgages can have a fixed interest rate that stays the same throughout the loan term or an adjustable rate that can vary with market changes.

Choosing the Right Mortgage
Types of Mortgage Loans
Government-Backed Mortgages
- FHA Loans: Ideal for first-time buyers, offering lower down payments and more lenient credit requirements.
- VA Loans: Designed for veterans and active-duty service members, often with no down payment and lower interest rates.
- USDA Loans: Tailored for rural and suburban homebuyers, these loans offer competitive rates and require no down payment.
- 203k Rehab Loans: These loans finance both the purchase and renovation of a home, perfect for buyers looking to invest in fixer-uppers.
Conventional Mortgages
- Conforming Loans: These meet the guidelines set by Fannie Mae and Freddie Mac, offering lower interest rates for borrowers who meet standard credit and income requirements.
- Jumbo Loans: Designed for purchasing high-value properties that exceed conforming loan limits, typically requiring higher credit scores and larger down payments.
- Construction Loans: Provide financing for building a new home or major renovations, with funds disbursed in stages as the project progresses.
- Fixed-Rate Mortgages: Offer a stable, unchanging interest rate throughout the loan term, providing predictable monthly payments.
- Adjustable-Rate Mortgages (ARMs): Start with lower interest rates that adjust over time, based on market conditions.

Specialty Mortgage Options
Non-QM Loans
Bank Statement Loans
Bridge Loans
HELOCs (Home Equity Line of Credit)
Fix and Flip Loans
Why Work with Us?
With over $500 million in real estate transactions, Taylor Team DFW is committed to providing a personalized and seamless real estate experience. We work closely with mortgage professionals to ensure you have access to the best loan options tailored to your needs.
Disclaimer: While we offer valuable information about various mortgage options, we are not mortgage professionals. We recommend consulting with a licensed loan officer to explore available programs and determine your eligibility.

