If Texas were a separate nation, it would be the 10th largest economy in the World. For years, Texas has been a “job-creating machine.” Today, Texas is home to more Fortune 500 companies than any other State. New York is second, and California is third. Among CEO surveys, Texas ranks as the best US State for business.
Texas enjoys a Subtropical Climate. Therefore, it (generally) can freeze in the wintertime; however, compared to the yearly harsh cold weather of New York and Chicago (and much of the United States), most Texans only rarely deal with snow. In most areas, seeing snow on the ground is a true anomaly.
Texas is one of the few US States without a personal income tax. Texas has never even levied a tax on personal income. According to the Legislature, Texas does not want to punish success: It wants to encourage it, and millions and millions of the best and brightest from the other US States and the World have responded to this philosophy by moving to Texas.
The median home price in Texas is significantly lower than the average for the United States. Primarily, there are two reasons. First, Texas has higher property taxes than most other US States. Because this increases the monthly payment on borrowers, this reduces the ability of homeowners to bid up property values. Second, Texas discourages homeowners from cashing out the last twenty percent of the equity in their primary residence, which can prevent speculative and frenzied buying that drives up home prices.
Changes to the Property Value could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
You can change the property value by moving the Property Value slider up or down or by entering a new Property Value manually in the Property Value box.
When you change the Property Value, only the LTV will change, and the Loan Amount will remain the same Loan Amount.
Other advanced sliders’ options are available with Lendersa® Advanced Calculator
CloseChanges to the loan amount, even so slightly, could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
The Loan Amount Slider
Change the Loan Amount by moving the Loan Amount slider. (The LTV will change, and the Property Value will remain unchanged).
The LTV Slider
Change the Loan Amount by moving the LTV slider. (The Property Value will remain unchanged).
Other advanced options are available with Lendersa® Advanced Calculator
CloseLTV is the abbreviation of Loan To Value, and it is the ratio between the Loan Amount and the Property Value. The formula to calculate LTV is Loan Amount divided by the property value. 
Example: Loan Amount $300,000, Property value $400,000 
Changes to the LTV, even so slightly, could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
The Loan Amount Slider
Change the Loan Amount by moving the Loan Amount slider. (The LTV will change, and the Property Value will remain unchanged).
The LTV Slider
Change the Loan Amount by moving the LTV slider. (The Property Value will remain unchanged).
Other advanced options are available with Lendersa® Advanced Calculator
Close
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