EYE on TEXAS MORTGAGE DEBT – PART 1

Texans typically have lower mortgage debt compared with the rest of the U.S.  They have to set aside less for housing expenses, and they pay lower initial costs and fees for mortgages, although that wasn’t always the case.  MORTGAGE LOANS BECOME A MAIN DRIVER OF THE MARKET.  Texas loans are secured by real estate using a deed of trust rather than a mortgage instrument.  MORE TO COME