
	Getting your mortgage is just one part of a home purchase. Bo Kinkov William Davis Realty is seasoned at aiding new and experienced in all areas of real estate. Contact us if your needs include a real estate pro experienced at the business side of buying and selling.

LetBo Kinkov William Davis Realty help you apply for your loan in Frisco.

Stressed out about getting financing for a home purchase? You don't have to be. I have close professional relationships with many lenders in Frisco, and they've helped me understand some things that make the process of applying for a loan a breeze.

1 – Make a list of questions regarding your loan program

If you don't fully comprehend the advantages and disadvantages of the various programs, be sure to have a list of questions. I or one of my lender contacts will help you understand the advantages and disadvantages of each program, because it is a challenge to know the characteristics of fixed and adjustable rate mortgages.

2 – Determine when to lock

Locking in a rate signifies that the lender holds to the interest rates for the loan – typically at the time the loan application is received. By floating the rate, you can lock the rate anytime between the day you apply for your loan and the issuing of closing documents. Buyers who choose to float think the 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 decrease your interest rate

Usually you can elect to pay additional points to lower the rate of your loan. Each point is 1 percent of the mortgage loan and is payable in cash at the time of closing. Click here to use our points calculator. It will help you decide if purchasing points is the best option for you.

4 – Bring your paperwork

Acquiring a mortgage loan requires a lot of paperwork, so you should spend some time getting your documents together. Click here to get a feel for normal questions you'll have to answer on a loan app.

Bo Kinkov William Davis Realty 8856 Coleman Blvd Frisco, TX 75034

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