
	Getting your loan locked down is just one aspect of a real estate transaction. Premiere Team Real Estate is seasoned at helping both new and experienced buyers alike in all areas of real estate. Contact us if your needs include a professional REALTOR^® experienced at the business side of real estate.

Premiere Team Real Estate can help you finance a new home in Austin.

For many people, applying for financing can be one of the most distressing elements of buying a house. But it doesn't have to be. I have close professional relationships with various mortgage lenders in the Austin area, and they've helped me realize a few things that will make the process of applying for a loan pretty simple.

1 – Compose a list of questions regarding your loan program

Be sure to have a list of questions with you if you find that you do not totally understand the advantages and disadvantages of the various programs. I or one of my lenders will help you understand the advantages and disadvantages of both programs, because it's hard to know the differences between fixed and adjustable rate mortgages.

2 – Determine when you want to lock

When you lock in a rate, it means that the lender keeps to the mortgage interest rates for the loan – normally at the time the loan application is presented. By floating the rate, you can lock the rate anytime between the day you apply for your loan and closing. Buyers who elect to float believe the interest rates will plunge 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 lower your rate

Normally you can opt 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 the time of closing. To determine if buying 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 take some time to get your documents together. Click here to get a feel for general information that goes on a loan application.