Are you looking to finance your home in Fort Worth? DFW Skyline Realty can help.

Applying for the mortgage loan can be one of the most exasperating parts of buying a house, but it doesn't have to be. Being connected with various mortgage lenders in Fort Worth has helped me understand some things that will make the process of applying for a loan very manageable.

1 – Create a list of questions about your loan program

If you find that you don't fully realize the ins and outs of all the different programs, be sure to have a list of questions with you. I or one of my lenders can assist you in understanding the advantages and disadvantages of each program, because it's hard to understand the differences between fixed and adjustable rate mortgages.

2 – Determine when you want to lock

When you lock in an interest rate, a lender is sure to keep to the mortgage interest rates for the loan – typically 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 opt to float presume interest rates will plunge 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 reduce your rate

When you choose to pay additional points to lower the interest rate of your loan, you will do so by paying for them in cash at closing. Each point is 1 percent of the loan. To determine if buying points is right for you, click here to use our points calculator.

4 – Bring your paperwork

Acquiring a loan requires a lot of paperwork, so you should take some time to get all your documents together. Click here for a list of typical loan documentation.

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