Are you thinking of financing a home in Lawton?

Applying for the mortgage loan can be one of the most demanding aspects of buying a home for a buyer, but it doesn't have to be. Having connections with several lending companies in the Lawton area has helped me recognize a few things that will make the process of applying for a loan a breeze.

1 – Assemble a list of questions about your loan program

Be sure you bring a list of questions with you if you do not thoroughly comprehend the advantages and disadvantages of the various programs. Oftentimes, it can be a challenge to understand the characteristics of fixed and adjustable rate mortgages. I or one of my trusted lenders will help you understand the advantages and disadvantages of each.

2 – Decide when you want to lock

Locking in a rate denotes that the lender commits to the mortgage interest rates for the loan – commonly at the time the loan application is received. By floating the rate, you can lock the rate at any time between the day you apply for your loan and issuance of closing documents. Those who decide to float presume the interest rates will plunge 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

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

4 – Bring your paperwork

Obtaining a loan requires lots of paperwork, so you should take some time to get all your documents together. Click here to get a list of common loan documentation.

Looking to Buy?

Are you looking to buy a house? Let us help you. Just fill out as much of the information below that you want and we'll get right back to you, with no obligation to you. We guarantee your privacy.

Your Information
Some Details