Are you financing a home in Mineral Wells? Ender & Associates Realty can help.

Applying for a mortgage loan is one of the most exasperating aspects of buying a house for a buyer, but it doesn't have to be. I have a close relationship with many lending companies in the Mineral Wells area, and they've helped me recognize a few things that will make the process of applying for a loan pretty simple.

1 – Compose a list of questions regarding your loan program

If you don't entirely comprehend the ins and outs of the different programs, make sure to have a list of questions with you. Oftentimes, it can be a challenge understanding the differences between both fixed and adjustable rate mortgages. I or one of my lenders will assist you in understanding the advantages and disadvantages of each.

2 – Determine when you want to lock

When you lock in an interest rate, it signifies that the lender commits to the mortgage interest rates for the loan – commonly at the time the loan application is presented. By floating the rate, you can lock the rate anytime between the day you apply for your loan and closing. Those who prefer to float conclude 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 interest rate

If you decide to pay additional points to lower the rate of your loan, you will pay for them in cash at closing. Every point is 1 percent of the mortgage loan. Click here to use our points calculator. It will assist you with determining if purchasing points is the best option for you.

4 – Bring your paperwork

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

Looking to Buy?

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.

Your Information
Some Details