
	Getting your loan locked down is just one part of a home purchase. Easley Real Estate is experienced at assisting new and experienced in all areas of real estate. Call us today at 405.737.0100 if your needs include a real estate pro ready for the business side of real estate.

Applying for your home loan in Oklahoma City

Securing a mortgage loan can be one of the most demanding parts of purchasing a house. But it doesn't have to be. I've got great connections to several lending companies in Oklahoma City, and they've helped me understand a few things that will make the loan application process very easy.

1 – Compile a list of questions regarding your loan program

Make sure you have a list of questions if you do not fully understand the pros and cons of all the various loan programs. It is often hard to understand the differences between both fixed and adjustable rate mortgages. I or one of my lenders can assist you in understanding the advantages and disadvantages of each program.

2 – Determine when you want to lock

When you lock in an interest rate, the lender is guaranteed to keep to the interest rates for the loan – ordinarily at the time the loan application is sent in. By floating the rate, you can lock the rate anytime between application and at the time of closing. Buyers who decide to float believe that 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 decrease your rate

Typically you can decide 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 the time of closing. If you're unsure as to 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 a lot of paperwork, so you should take some time to get all your documents together. Click here to get a feel for common information that goes on a loan application.