
	Getting your mortgage is just one part of getting into a new home. Coldwell Banker United, Realtors is seasoned at assisting both new and experienced buyers alike in all areas of real estate. Call us today at 832-978-8933 if your needs include a professional REALTOR^® ready for the business side of real estate.

Let Coldwell Banker United, Realtors help you finance a new home.

Stressed out about getting financing for a home purchase? You don't have to be. Being connected with various lenders in Spring has helped me realize some things that make the process of applying for a loan pretty simple.

1 – Make a list of questions regarding your loan program

Be sure you bring a list of questions if you do not fully grasp the advantages and disadvantages of the different loan programs. I or one of my lender contacts will be able to assist you in understanding the advantages and disadvantages of each one, because it can be a challenge to understand the distinctions between fixed and adjustable rate mortgages.

2 – Determine when you want to lock

Locking in the rate signifies that the mortgage lender guarantees the interest rates for the loan – ordinarily at the time the loan application is submitted. By floating the rate, you can lock the rate anytime between the loan application day and at the time of closing. Those who opt to float presume the interest rates will decline in the near future. Click here to see the outlook for the next 90 days of interest rates.

3 – Decide if you want to pay additional points to lower your interest rate

If you choose to pay additional points to lower the interest rate of your loan, you'll pay for them in cash at the time of closing. Each point is 1 percent of the loan. Click here to use our points calculator. It will help you determine if buying points is right for you.

4 – Gather your paperwork

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