$100 down HUD homes, VA, FHA, Conventional and More!
For many buyers, applying for the mortgage loan is one of the more stressful aspects of buying a home. The loan application can be alot less stressful if you are working with the right loan officer! If you are ready to apply for a loan please visit www.TexasHomeFunding.com (PrimeLending Branch) and fill out a loan application! Be sure to select Natalee Davenport as your loan officer! There is no charge to fill out an application. We will let you know that day of your status! We will work with you to get you the best deal! If for some reason we cannot get you financed now, we will work with you until we can!! Give us a try and we will exceed all your expectations!!
Make a list of any questions you have about the loan program. Be sure you understand the advantages and disadvantages of the various mortgage programs for which you may qualify, including the advantages and disadvantages of Fixed Rate Mortgages versus Adjustable Rate Mortgages.
Decide if you want to lock-in or float the loan's interest rate. Locking-in the rate means that the lender commits to the mortgage interest rate for the loan - typically at the time the loan application is submitted. By floating the rate, you can lock-in the interest rate anytime between the loan application day and closing. Buyers opt to "float the loan" when they believe interest rates will drop after their loan application date and prior to closing. The risk is that rather than dropping, interest rates may rise, increasing the mortgage payment.
Decide if you want to pay additional points to lower your interest rate. Typically you can elect to pay additional points (each point is 1 percent of the mortgage loan payable in cash at closing) to lower the interest rate of your mortgage loan.
