finance-1

Finance your new home

Our job is to make your dreams come true! Red Baron Building Company knows that these days it's harder than ever to get a home loan. For this reason, we have invested in different options of home financing, and we are open to unique ways to get you into your dream home.

Red Baron Building Company has partnered with Lindale Finance, our sister company, to provide our customers the most up to date and innovative mortgage products available. Getting started is easy and takes less than 15 minutes!

Simply complete the following forms and we will go to work for you:

1. Application; and
2. Information Sharing Agreement

You can acquire these forms by contacting Lindale Finance - 903-882-1700

For additional information about Lindale Finance and how to get started on purchasing your new home, you may view our brochure here.

Mortgage Payment Calculator

Joomla component for Mortgage Payment CalculatorMortgage Payment Calculator Joomla component for real estate manager and vehicle manager

Mortgage Amount:
Amortization Period, years:
Amortization:
Interest rate (%):

Understanding your Payment

When it comes to mortgages, many people get confused about their payments. How are they calculated? What will be the amount paid each month?

A loan is "amortized," which means you will be paying it off over time, usually with monthly payments. These payments are set up to pay both interest and principal. If you have a fixed-rate mortgage, your payments will stay the same over the life of the loan. The formula for calculating the payment is not simple. In orger to predict your payments for a given interest rate, you need to plug the numbers into the mortgage calculator on this page.

Private mortgage insurance (PMI) may be required by a lender if your "loan-to-value ratio," the amount of the loan divided by the value of the home, is too high. This protects the lender in case a loan is defaulted. The cost of mortgage insurance, if any, will also be included in your monthly payment.

While the calculator will give you a principle and interest payment amount, it does not add the cost of hazard insurance and taxes - both of which are also part of your monthly payment. If you contact our office, we are happy to help you calculate the approximate amount of your entire payment.

There are different kinds of loans. You need to understand yours fully and know how the differences can affect your monthly payment.

Building quality homes in East Texas

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