For a lot of people, securing mortgage financing can be one of the most distressing parts of purchasing a home. But it doesn't have to be. Being close to a lot of lending companies in Grand Prairie has helped us understand a few things that can make the process of applying for a loan pretty simple.
Make sure you have a list of questions if you find that you don't fully grasp the advantages and disadvantages of the different loan programs. One of our lenders or staff will help you understand the advantages and disadvantages of each one, because it can be hard to know the distinctions between fixed and adjustable rate mortgages.
When you lock in the rate, it denotes that the mortgage lender guarantees the interest rates for the loan – often at the time the loan application is received. By floating the rate, you can lock the rate at any time between the day of your loan application and at the time of closing. Those who decide to float presume that interest rates will drop in the near future. Click here to request a referral to one of our Mortgage Loan Affiliates
Getting a loan requires lots of paperwork, so you should spend some time getting all your documents together. Click here to preview normal 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.