Victor M Richetti
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Securing financing is just one part of getting into a new home. Pro-Star Realty, LLC. is experienced at aiding both new and experienced buyers alike in all areas of real estate. Call us today at 972-271-1910 if your needs include a professional REALTOR® ready for the business side of real estate.

Are you looking to finance a home?

Feeling lots of anxiety over getting financing for a home purchase? You don't have to be. I've got great connections to various lending companies in the Garland area, and they've helped me understand some things that will make the loan application process very manageable.

1 – Organize a list of questions about your loan program

Make sure to bring a list of questions with you if you find that you do not entirely comprehend the advantages and disadvantages of the various loan programs. It is often hard to understand the distinctions between fixed and adjustable rate mortgages. I or one of my lender contacts can assist you in understanding the advantages and disadvantages of each.

2 – Decide when you want to lock

Locking in the interest rate designates that the mortgage lender guarantees the interest rates for the loan – usually at the time the loan application is sent in. By floating the rate, you can lock the rate anytime between the loan application day and at the time of closing. Those who decide to float presume interest rates will decline 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 reduce your rate

Generally you can choose to pay additional points to lower the interest rate of your mortgage loan. Each point is 1 percent of the loan and is payable in cash at closing. To decide if buying points is right for you, click here to use our points calculator.

4 – Bring your paperwork

Acquiring a mortgage loan requires a lot of paperwork, so you should take some time to get your documents together. Click here to see common questions you'll have to answer on a loan app.