Loan Help

Sasseen Realty Group at Remax Professionals can help you apply for your home loan in Lawton.

When purchasing a home, applying for the loan is a distressing event for many people, but it doesn’t have to be. I have a close business relationship with many mortgage lenders in Lawton, and they’ve helped me learn a few things that make the loan application process uncomplicated.

1 – Compose a list of questions about your loan program

Make sure you have a list of questions if you don’t entirely understand the pros and cons of all the various programs. I or one of my trusted lenders can help you understand the advantages and disadvantages of both programs, because it is hard to know the characteristics of both fixed and adjustable rate mortgages.

2 – Decide when to lock

Locking in an interest rate designates that your lender keeps to the mortgage interest rates for the loan – typically at the time the loan application is submitted. By floating the rate, you can lock the rate at any time between application and the issuing of closing documents. Those who elect to float presume the interest rates will fall 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 reduce your rate

When you opt to pay additional points to lower the interest rate of your mortgage loan, you’ll do so by paying for them in cash at closing. Each point is 1 percent of the loan. Click here to use our points calculator. This tool will assist you in deciding if purchasing points is the best option for you.

4 – Gather your paperwork

Acquiring a mortgage loan requires a lot of paperwork, so you should spend some time getting all your documentation together. Click here to get a list of normal loan documentation.