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Real Estate Tips
Financing Your Home >New Loans

If you are considering applying for a mortgage to purchase a new home or to refinance your present home, don't delay. Despite fluctuation in interest rates, lenders are still processing many new loan applications.

You should gather all the necessary paperwork before you apply, and submit your loan application as soon as possible. At a minimum, the information required by a lender will consist of proof of your earnings and a clear picture of your total monthly income and expenses. If you are self-employed, or have long-term obligations such as alimony or child support, the preparation time and the amount of paperwork increases.

Despite the need to move rather quickly for a mortgage in today's market, you should "make haste carefully." Shop carefully for your loan by comparing all costs and terms. With the number of lenders vying for your business, new and better deals are always appearing.

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Real Estate Trivia
Q 
What famous American sign was originally erected as a real estate ad?

A 
The Hollywood sign, built in 1923, was conceived as a real estate ad that originally read, "Hollywoodland."
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The Home Selling Team, REALTOR®, real estate agent and broker for McAllen, Mission and South Padre Island, Texas home listings, property and land for sale - NUMBER1EXPERT(tm)

The Home Selling Team
Star Properties Real Estate

322 Nolana
McAllen, TX 78504
956-607-1258
Fax: 956-664-0129
marilynhardison@NUMBER1EXPERT.com

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Equal Housing MLS REALTOR


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