
	Getting your loan locked down is just one aspect of a real estate transaction. Ronck Realty Inc is experienced at helping new and experienced in all areas of real estate. Call us today at 405-324-9040 if your needs include a real estate pro experienced at the business side of buying and selling.

Let Ronck Realty Inc assist you in applying for a home loan.

Securing financing can be one of the most exasperating elements of purchasing a house. But it doesn't have to be. Being familiar with various lenders in Oklahoma City has helped us realize a lot of the things that will make the process of applying for a loan easy.

1 – Create a list of questions about your loan program

If you find that you do not thoroughly comprehend the advantages and disadvantages of the various programs, make sure to bring a list of questions. It is a challenge to understand the differences between both fixed and adjustable rate mortgages. We or one of my lender contacts can assist you with understanding the advantages and disadvantages of each.

2 – Decide when you want to lock

Locking in the interest rate signifies that your mortgage lender keeps to the interest rates for the loan – normally at the time the loan application is sent in. By floating the rate, you can lock the rate at any time between application and issuance of closing documents. Those who elect to float think interest rates will drop 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

Normally you can elect to pay additional points to lower the rate of your mortgage loan. Each point is 1 percent of the loan and is payable in cash at closing. To decide if purchasing points is right for you, click here to use our points calculator.

4 – Bring your paperwork

Getting a loan requires lots of paperwork, so you should take some time to get your documents together. Click here to see normal information that goes on a loan application.

* MOL = More or Less