
	Getting your mortgage is just one part of a real estate transaction. Trendsetters Realty is experienced at assisting both new and experienced buyers alike in all areas of real estate. Contact us if your needs include a real estate pro experienced at the business side of real estate.

Do you want to finance a home in McAllen? Trendsetters Realty can help.

For many people, applying for financing can be one of the most troublesome aspects of buying a house. But it doesn't have to be. Being close to several lending companies in the McAllen area has helped me realize some things that make the process of applying for a loan much easier.

1 – Compose a list of questions about your loan program

Be sure to have a list of questions with you if you find that you do not totally comprehend the advantages and disadvantages of all the various programs. It's hard to understand the distinctions between fixed and adjustable rate mortgages. I or one of my lenders can assist you with understanding the advantages and disadvantages of both.

2 – Decide when to lock

When you lock in the rate, your lender is guaranteed to hold to the interest rates for the loan – ordinarily at the time the loan application is received. By floating the rate, you can lock the rate anytime between the day you apply for the loan and at the time of closing. Buyers who decide to float believe the interest rates will fall 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 lower your interest rate

If you choose to pay additional points to lower the rate of your mortgage loan, you will pay for them in cash at the time of closing. Every point is 1 percent of the loan. Click here to use our points calculator. It will assist you with determining if purchasing points is right for you.

4 – Gather your paperwork

Getting a loan requires a lot of paperwork, so you should spend some time getting all your documents together. Click here to preview typical questions you'll have to answer on a loan app.