Applying for a loan in Fort Worth with the help of DFW Skyline Realty

When buying a home, applying for a mortgage loan is a very distressing event for most people, but it doesn't have to be. I'm very familiar with some mortgage lenders in Fort Worth, and they've helped me realize a few things that can make the loan application process uncomplicated.

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

If you find that you don't completely comprehend the advantages and disadvantages of all the different programs, be sure you have a list of questions with you. I or one of my lenders can help you understand the advantages and disadvantages of each program, because it is hard to understand the distinctions between both fixed and adjustable rate mortgages.

2 – Decide when you want to lock

When you lock in a rate, the lender is guaranteed to keep to the interest rates for the loan – commonly at the time the loan application is submitted. By floating the rate, you can lock the rate anytime between application and the issuing of closing documents. Those who opt to float believe that interest rates will dip 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 decrease your rate

If you decide to pay additional points to lower the interest rate of your mortgage loan, you will do so by paying for them in cash at the time of closing. Every point is 1 percent of the loan. To determine if purchasing points is right for you, click here to use our points calculator.

4 – Bring your paperwork

Obtaining a loan requires lots of paperwork, so you should spend some time getting your documents together. Click here to get a list of typical loan documentation.

Got a Question?

Do you have a question? We can help. Simply fill out the form below and we'll contact you with the answer, with no obligation to you. We guarantee your privacy.

Your Information
Your Question