Getting your mortgage is just one aspect of getting into a new home. Hemphill Williams Realty is experienced at aiding both new and experienced buyers alike in all areas of real estate. Call me today at YOUR NUMBER if your needs include a professional REALTOR® experienced at the business side of real estate.

Hemphill Williams Realty can assist you in applying for your home loan in Texas.

Stressed out about applying for a mortgage? You don't have to be. Being familiar with some lenders in 
Texas has helped me recognize a few things that will make the process of applying for a loan pretty simple.

1 – Make a list of questions about your loan program

Make sure you have a list of questions if you find that you do not completely grasp the ins and outs of the various loan programs. One of my trusted lenders or I can assist you in understanding the advantages and disadvantages of each program, because it's hard to know the differences between both fixed and adjustable rate mortgages.

2 – Determine when to lock

When you lock in the rate, it indicates that your lender keeps 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 of your loan application and closing. Buyers who choose to float conclude that interest rates will drop 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 interest rate

When you elect 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 loan. Typically every discount point paid lowers the interest rate by 1/8% to 1/4%. You must decide if it is better for you to pay points up front in order to lower your monthly payment.

4 – Bring your paperwork

Getting a loan requires a lot of paperwork, so you should spend some time getting your documentation together. Click here to get a feel for general questions you'll have to answer on a loan app.