Getting your mortgage is just one aspect of getting into a new home. Andy Janko Realty Ltd. Co. is seasoned at aiding new and experienced in all areas of real estate. Call us today at 405-790-0404 if your needs include a real estate pro ready for the business side of real estate.

Looking to finance a new home in Moore, Norman, Edmond or Oklahoma City?

When purchasing a home, the mortgage loan application is very troublesome for many people, but it doesn't have to be. Being close with many lending companies in the Moore, Norman, Edmond or Oklahoma City area has helped us understand a few things that will make the loan application process much easier.

1 – Make a list of questions about your loan program

Make sure to have a list of questions if you find that you do not entirely grasp the ins and outs of the various programs. One of our lenders or staff will help you understand the advantages and disadvantages of each program, because it's hard to know the distinctions between fixed and adjustable rate mortgages.

2 – Determine when to lock

Locking in indicates that your lender guarantees the interest rates for the loan – most often at the time the loan application is presented. By floating the rate, you can lock the rate at any time between the day you apply for the loan and at the time of closing. Those who elect to float conclude that interest rates will dip 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 decide 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. Every point is 1 percent of the loan. If you're uncertain as to whether or not buying points is right for you, click here to use our points calculator.

4 – Bring your paperwork

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

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