Applying for a mortgage loan can be one of the more exasperating parts of purchasing a house. But it doesn't have to be.
I've got great connections to a lot of mortgage lenders in the Dallas area, and they've helped me understand some things that make the process of applying for a loan very manageable.
If you do not totally understand the pros and cons of the different financing options, be sure to bring a list of questions with you.
It is often a challenge understanding the differences between fixed and adjustable rate mortgages. One of my lender contacts or I will assist you with understanding the advantages and disadvantages of each.
When you lock in the interest rate, your lender is guaranteed to hold to the interest rates for the loan – generally at the time the loan application is sent in.
By floating the rate, you can lock the rate at any time between the day you apply for your loan and closing. Buyers who decide to float conclude that the interest rates will drop in the near future. Click here to see the outlook for the next 90 days of interest rates.
Obtaining a loan requires lots of paperwork, so you should take some time to get your documentation together. Click here to preview common questions you'll have to answer on a loan app.
Are you looking to buy a house? Let us help you. Just fill out as much of the information below that you want and we'll get right back to you, with no obligation to you. We guarantee your privacy.