Securing financing is just one part of a home purchase. Washburn Realty Group is experienced in assisting both new and experienced buyers alike in all areas of real estate. Call me today at 214.477.1658 when your needs include a professional REALTOR® experienced in the business side of buying and selling.

Thinking about financing your home?

When buying a home, the loan application is very demanding for most people, but it doesn't have to be. I have close working relationships with various lenders, and they've helped me realize some things that can make the process of applying for a loan pretty simple.

1 – Assemble a list of questions regarding your loan program

Make sure to bring a list of questions if you find that you don't perfectly grasp the advantages and disadvantages of the various loan programs. One of my lender contacts or I will help you understand the advantages and disadvantages of all available programs, because it's a challenge to understand the differences between both fixed and adjustable rate mortgages.

2 – Determine when to lock

Locking in the rate means that the mortgage lender commits to the mortgage interest rate for the loan – usually at the time the loan application is received. By floating the rate, you can lock the rate at any time between the day you apply for your loan and issuance of closing documents. Buyers who elect to float believe the interest rates will plunge 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

Usually you can decide to pay additional points to lower the rate of your mortgage loan. Every point is 1 percent of the loan and is payable in cash at the time of closing. To determine if buying points is right for you, click here to use my points calculator.

4 – Gather your paperwork

Getting a mortgage loan requires lots of paperwork, so you should spend some time getting your documentation together. Click here to preview typical information needed for a loan application.

Looking to Buy?

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Washburn Realty

609 Parkview Ln.
Richardson, TX 75080-5509