Standard Mortgage Blog

When purchasing a new home, one of the biggest challenges many homebuyers face is securing a sizable down payment. However, if you’re a current homeowner, you may already have a powerful financial tool at your disposal—your home equity. By using the equity in your existing home, you can increase your down payment, reduce borrowing costs, and secure better mortgage terms on your next property.

Standard Mortgage, a trusted leader in residential mortgage lending, is deepening its commitment to the Dallas market and the broader Southwest region with the hiring of two seasoned professional loan producers: Greg Reichel, Senior Vice President, Head of Southwest Retail, and Greg Heiler, Loan Officer, both serving the Dallas area.

Buying a home is one of the largest financial decisions most people will make, and understanding how much you can afford before you start house hunting is crucial. Without a clear budget in mind, it’s easy to fall in love with a home that stretches your finances too thin, leading to financial stress down the road.