
	Financing your home purchase is one of the most important aspects of buying a home. Your Crossland Real Estate Realtor Associate can help you find the best financing for your budget and financial goal. We can help you with selecting the lender, prepare an estimate of costs and stay in contact with the lender and coordinate the closing. Contact us to discuss your ideal monthly investment and down payment, we keep your information confidential. You can count on Crossland Real Estate to help make your dream of owning a home a reality.

Applying for your home loan

Stressed out about getting financing for a home purchase? You don't have to be. I have close business relationships with many lenders in Oklahoma City, and they've helped me recognize some things that can make the loan application process pretty simple.

1 – Put together a list of questions regarding your loan program

If you do not fully understand the pros and cons of all the various programs, be sure to have a list of questions. It can be a challenge to know the distinctions between both fixed and adjustable rate mortgages. I or one of my lender contacts can assist you in understanding the advantages and disadvantages of each one.

2 – Determine when to lock

When you lock in the interest rate, your lender is guaranteed to hold to the mortgage interest rates for the loan – normally at the time the loan application is sent in. By floating the rate, you can lock the rate anytime between the day you apply for the loan and closing. Buyers who opt to float think that interest rates will decline 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 interest rate

When you opt to pay additional points to lower the interest rate of your mortgage loan, you'll do so by paying for them in cash at closing. Every point is 1 percent of the loan. If you're undecided as to whether or not purchasing points is right for you, click here to use our points calculator.

4 – Bring your paperwork

Acquiring a mortgage loan requires lots of paperwork, so you should spend some time getting your documents together. Click here to preview general information that goes on a loan application.

Crossland Real Estate, Inc. 8901 S Santa Fe Ave. Suite C Oklahoma City, OK 73139-8413

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