
	Getting your loan locked down is just one part of getting into a new home. Kingsland Real Estate is experienced at assisting new and experienced in all areas of real estate. Call us today at 325-388-4565 if your needs include a real estate pro experienced at the business side of buying and selling.

Are you thinking about financing your new home?

When buying a home, applying for a loan is demanding for many people, but it doesn't have to be. I have close relationships with a lot of lenders in the Kingsland area, and they've helped me understand some things that will make the process of applying for a loan easy.

1 – Put together a list of questions regarding your loan program

If you don't thoroughly understand the advantages and disadvantages of all the different programs, be sure you have a list of questions. Oftentimes, it can be a challenge to know the characteristics of both fixed and adjustable rate mortgages. I or one of my trusted lenders can assist you in understanding the advantages and disadvantages of both.

2 – Determine when to lock

Locking in indicates that your mortgage lender guarantees the mortgage interest rates for the loan – often at the time the loan application is presented. By floating the rate, you can lock the rate at any time between the loan application day and issuance of closing documents. Buyers who opt to float conclude interest rates will plunge in the near future. Click here to see the outlook for the next 90 days of interest rates.

3 – Determine if you want to pay additional points to reduce your rate

When you elect to pay additional points to lower the rate of your loan, you will do so by paying for them in cash at the time of closing. Every point is 1 percent of the loan. If you're uncertain if purchasing points is right for you, click here to use our points calculator.

4 – Gather your paperwork

Acquiring a loan requires lots of paperwork, so you should spend some time getting your documents together. Click here to get a feel for typical questions you'll have to answer on a loan app.

Kingsland Real Estate PO Box 741 112 Pierce Dr Kingsland, TX 78639

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