Securing financing is just one aspect of a home purchase. LaPeer Team at RE/MAX INTEGRITY is seasoned at helping new and experienced in all areas of real estate. Contact me if your needs include a real estate pro ready for the business side of buying and selling.

Do you wish to finance a new home? LaPeer Team at RE/MAX INTEGRITY can help.

Applying for mortgage financing can be one of the more troublesome elements of buying a house. But it doesn't have to be. I have close relationships with various lending companies in Spring, and they've helped me recognize a few things that will make the loan application process much easier.

1 – Assemble a list of questions about your loan program

Make sure to have a list of questions if you don't completely understand the advantages and disadvantages of all the various programs. One of my lender contacts or I will be able to assist you with understanding the advantages and disadvantages of each one, because it is a challenge to know the distinctions between fixed and adjustable rate mortgages.

2 – Determine when to lock

When you lock in the interest rate, a lender is guaranteed to commit to the mortgage interest rates for the loan – most often at the time the loan application is presented. By floating the rate, you can lock the rate anytime between the day you apply for the loan and at the time of closing. Buyers who decide to float conclude that the interest rates will fall in the near future. Click here to see the outlook for the next 90 days of interest rates.

3 – Gather your paperwork

Obtaining a loan requires a lot of paperwork, so you should spend some time getting all your documentation together. Click here to get a feel for common questions you'll have to answer on a loan app.

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