DFW Skyline Realty can assist you with applying for a home loan in Fort Worth.

When purchasing a home, applying for the mortgage loan is a very troublesome event for many people, but it doesn't have to be. I have a close relationship with various lenders in Fort Worth, and they've helped me learn some things that can make the process of applying for a loan very manageable.

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

If you find that you do not fully comprehend the advantages and disadvantages of the different programs, be sure you bring a list of questions. Oftentimes, it can be a challenge understanding the differences between both fixed and adjustable rate mortgages. I or one of my trusted lenders will assist you in understanding the advantages and disadvantages of each one.

2 – Decide when you want to lock

Locking in signifies that your mortgage lender keeps to the interest rates for the loan – ordinarily at the time the loan application is received. By floating the rate, you can lock the rate anytime between application and the issuing of closing documents. Those who opt to float conclude interest rates will fall 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 lower your rate

When you opt to pay additional points to lower the rate of your loan, you'll do so by paying for them in cash at the time of closing. Each point is 1 percent of the loan. Click here to use our points calculator. This tool will help you determine if buying points is right for you.

4 – Gather your paperwork

Getting a mortgage loan requires a lot of paperwork, so you should spend some time getting all your documents together. Click here to get a list of common loan documentation.

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