Getting your loan locked down is just one part of a real estate transaction. Allen Brothers is experienced at aiding both new and experienced buyers alike in all areas of real estate. Contact us if your needs include a professional REALTOR® ready for the business side of buying and selling.


Thinking about financing your new home? Allen Brothers can help.

When buying a home, applying for a loan is demanding for a lot of people, but it doesn't have to be. I have excellent relationships with a lot of mortgage lenders in Houston, and they've helped me recognize a few things that will make the loan application process a breeze.

1 – Make a list of questions about your loan program

If you find that you don't fully comprehend the pros and cons of all the different loan programs, be sure you have a list of questions. It is often a challenge to know the differences between both fixed and adjustable rate mortgages. I or one of my trusted lenders will be able to assist you with understanding the advantages and disadvantages of both.

2 – Determine when you want to lock

Locking in the interest rate denotes that your lender guarantees the interest rates for the loan – generally at the time the loan application is submitted. By floating the rate, you can lock the rate anytime between application and at the time of closing. Buyers who opt to float think that the interest rates will dip 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

Oftentimes you can opt to pay additional points to lower the rate of your mortgage loan. Every point is 1 percent of the loan and is payable in cash at closing. If you're uncertain if buying points is the best option for you, click here to use our points calculator.

4 – Gather your paperwork

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

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