
	Securing financing is just one aspect of a home purchase. James Matlock w/ Vision Realty is seasoned at aiding both new and experienced buyers alike in all areas of real estate. Contact us if your needs include a real estate pro ready for the business side of buying and selling.

Are you going to finance your home in Combine?

Feeling lots of anxiety over getting financing for a home purchase? You don't have to be. I have close professional relationships with several lenders in Combine, and they've helped me learn some things that make the loan application process a breeze.

1 – Create a list of questions regarding your loan program

Make sure to bring a list of questions if you find that you do not completely comprehend the ins and outs of the different loan programs. I or one of my trusted lenders will be able to assist you in understanding the advantages and disadvantages of each one, because it's hard to understand the characteristics of fixed and adjustable rate mortgages.

2 – Decide when you want to lock

Locking in denotes that a mortgage lender commits to the mortgage interest rates for the loan – typically at the time the loan application is submitted. By floating the rate, you can lock the rate anytime between application and issuance of closing documents. Those who elect 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 – Decide if you want to pay additional points to decrease your rate

Normally you can choose to pay additional points to lower the rate of your loan. Each point is 1 percent of the loan and is payable in cash at closing. Click here to use our points calculator. It will help you determine if buying points is the best option for you.

4 – Gather your paperwork

Obtaining a loan requires lots of paperwork, so you should take some time to get all your documentation together. Click here to get a feel for common questions you'll have to answer on a loan app.