Getting your mortgage is just one part of getting into a new home. The Shirley Group Real Estate Brokerage is seasoned at helping new and experienced in all areas of real estate. Call us today at 817-838-6276 if your needs include a real estate pro experienced at the business side of buying and selling.

Are you looking to finance a home?

Feeling lots of anxiety over applying for a mortgage? You don't have to be. I have close professional relationships with some reputable lenders in the North Richland Hills area, and they've helped me realize a few things that will make the process of applying for a loan pretty simple.

1 – Create a list of questions regarding your loan program

Be sure to have a list of questions with you if you don't completely comprehend the advantages and disadvantages of all the various programs. I or one of my trusted lenders can assist you with understanding the advantages and disadvantages of both programs, because it can be a challenge to understand the distinctions between fixed and adjustable rate mortgages.

2 – Decide when to lock

Locking in the interest rate denotes that your lender commits to the mortgage interest rates for the loan – commonly at the time the loan application is sent in. By floating the rate, you can lock the rate at any time between the day you apply for the loan and closing. Buyers who prefer to float think that interest rates will fall 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 rate

Oftentimes you can elect to pay additional points to lower the interest rate of your mortgage loan. Each point is 1 percent of the mortgage loan and is payable in cash at closing. If you're uncertain as to whether or not purchasing points is the best option for you, click here to use our points calculator.

4 – Gather your paperwork

Acquiring a mortgage loan requires lots of paperwork, so you should spend some time getting all your documentation together. Click here to preview common questions you'll have to answer on a loan app.