Securing financing is just one part of a home purchase. IREAF, LLC is seasoned at aiding new and experienced in all areas of real estate. Contact me if your needs include a professional REALTOR® ready for the business side of buying and selling.

Let IREAF, LLC assist you in applying for your home loan in Austin.

Applying for the mortgage loan is one of the more stressful aspects of purchasing a house. But it doesn't have to be.I've got great connections to various mortgage lenders in Austin, and they've helped me recognize a few things that will make the process of applying for a loan effortless.

1 – Compose a list of questions regarding your loan program

Make sure to bring a list of questions if you do not fully grasp the pros and cons of the different programs.One of my lender contacts or I will assist you with understanding the advantages and disadvantages of each one, because it's a challenge to understand the differences between both fixed and adjustable rate mortgages.

2 – Decide when to lock

By locking in a rate, a mortgage lender is committing to the mortgage interest rates for the loan – often at the time the loan application is received.By floating the rate, you can lock the rate anytime between the day of your loan application and issuance of closing documents. Buyers who decide to float believe the interest rates will decline 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 interest rate

When you decide to pay additional points to lower the rate of your mortgage loan, you will do so by paying for them in cash at the time of closing. Each point is 1 percent of the loan.Click here to use my points calculator. This tool will assist you in deciding if buying points is right for you.

4 – Compile your paperwork

Getting a loan requires lots of paperwork, so you should take some time to get your documentation together. Click here to preview typical questions you'll have to answer on a loan app.

ges of each one.

2 – Decide when you want to lock

When you lock in the rate, your lender is guaranteed to keep to the interest rates for the loan – generally 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 the issuing of closing documents. Those who prefer to float believe 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 decrease your interest rate

When you elect to pay additional points to lower the interest rate of your mortgage loan, you'll pay for them in cash at closing. Every point is 1 percent of the mortgage loan. Click here to use our points calculator. This tool will help you determine if buying points is the best option for you.

4 – Compile your paperwork

Getting a mortgage loan requires a lot of paperwork, so you should take some time to get your documentation together. Click here to get a feel for common information that goes on a loan application.