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Max Leaman is the preferred lender for
Cantera Real Estate, Inc.

Buying a home is a large financial commitment and for many it's their biggest investment. Research tells us that the average home buyer lives in the home they purchase for about five to seven years. Therefore, serious consideration should be given to mortgage arrangements so that you're sure you're committing to the best financial terms available.

For more than 8 years Max Leaman has served the greater Austin, Texas area, providing the absolute best rates and lowest fees. He will walk you step-by-step through the entire mortgage process. With Max your mortgage will close on time, as promised, with no surprises. He also attends all of his closings to answer any last minute questions and insure a stress free closing. Max is also available after your closing to be your go-to consultant for any mortgage question or concern.

Austin Mortgage Information

Fixed Rate Mortgages are usually the most desirable type of loan and for many years were the most common kind of Austin mortgage. The reason for this is that the interest rate is set at the time of origination and remains the same for the entire length of the mortgage.  Changes in the economy will not affect the amount of your monthly payment for the full term of the loan.  The most common term is 30 years, but some banks and lending institutions also offer 10, 15, 20 and even 40 year mortgages.

Another type of loan is the Adjustable Rate Mortgage or ARM which became more commonplace in the last decade. The initial monthly payments are lower than a fixed rate loan but can adjust after a period of time.  That initial period usually lasts anywhere from 6 months to 5 years.  After that period the monthly payments and the rate of interest are regularly adjusted based upon the interest rates of the market.  It is therefore important for borrowers committing to an ARM to be sure they understand the exact terms for which they are liable.  Adjustable rate mortgage loans have earned a bad reputation in recent times due to lenders using them to get people into houses they could not afford.  There are some legitimate reasons to use an ARM.  Perhaps you know up front that you will only be in a property for 3 years before a job transfer will take you to a new city.  You might opt for an ARM with a lower payment for the first three years since you will be selling after that.  In that case a 30 year fixed rate loan may not make as much sense.