Mortgage Loans Austin
A mortgage lender is often critical to the process of closing on a home. Our clients often ask us for names of mortgage lenders to help them finance their purchase. Here is a short list of local Austin lenders who have helped us, and our clients, with loans. Thanks for visiting our Mortgage Loans Austin page!
Consult with a Lender Early
It is important to consult with a good mortgage adviser before shopping for a home. You will know what you can afford before taking steps toward buying a home. Your mortgage loan program should be tailored to fit your unique situation.
Discuss Your Finances Thoroughly
Your mortgage lender should serve as a consultant for you – not as a sales rep.
Discuss your overall financial picture with your lender.
Are there some credit issues that should be checked or dealt with?
What is your whole income, savings, and debt picture?
How long do you plan to stay in the house?
Should you pay points to lower the interest rate?
Do you have college expenses coming up?
What is a comfortable debt level for you? Some folks prefer to have very little debt. Others borrow as much as possible, and save their cash.
There is a lot to be done in a loan process. It helps to act quickly in providing documentation to your lender. Don’t be surprised if more info is requested than you expected.
Receive a Loan Estimate Form
Loan Estimate – Lenders are required to provide you with a Loan Estimate form within 3 days of your loan application. The lender may not charge any fees or require any documents before you receive the Loan Estimate, and you have indicated an intent to proceed with the loan process.
Closing Disclosure – A Closing Disclosure will be provided 3 days prior to closing. This will give you time to review your loan terms and compare them to your initial Loan Estimate.
Feel Free to Call Us
Thanks for visiting our Mortgage Loans Austin page! Feel free to call to discuss all your home finding wish list. We’ll listen and take notes! With over 30 years experience in Austin real estate, we have a lot to offer about the schools, neighborhoods, trends, and more.
Feel free to use our Mortgage Calculator – with tips for estimating your PITI payment in Austin.