Securing financing is just one part of getting into a new home. Ryan Real Estate Group is experienced at aiding new and experienced in all areas of real estate. Contact us if your needs include a real estate pro ready for the business side of real estate.

Applying for a home loan in DFW

When purchasing a home, the mortgage loan application is very distressing for a lot of people, but it doesn't have to be. Having connections to several lenders in the DFW area has helped us understand a few things that make the process of applying for a loan a breeze.

1 ? Create a list of questions regarding your loan program

Be sure you bring a list of questions with you if you find that you do not thoroughly grasp the pros and cons of all the various loan programs. One of our lenders or staff can assist you in understanding the advantages and disadvantages of each program, because it's hard to know the distinctions between fixed and adjustable rate mortgages.

2 ? Decide when to lock

When you lock in the interest rate, it means that your lender commits to the mortgage interest rates for the loan ? generally at the time the loan application is received. By floating the rate, you can lock the rate at any time between application and the issuing of closing documents. Those who elect to float conclude interest rates will drop 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 reduce your rate

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

4 ? Gather your paperwork

Acquiring a loan requires lots of paperwork, so you should spend some time getting all your documents together. Click here to get a feel for typical questions you'll have to answer on a loan app.