Getting your loan locked down is just one part of getting into a new home. Van Eaton & Romero Inc is experienced at aiding new and experienced in all areas of real estate. Contact us if your needs include a real estate pro ready for the business side of buying and selling.


Applying for a home loan

Stressed out about applying for a mortgage? You don't have to be. Having connections with some lenders in the Lafayette area has helped me understand some things that make the loan application process effortless.

1 – Compile a list of questions regarding your loan program

Be sure to bring a list of questions if you find that you don't completely comprehend the pros and cons of the various programs. I or one of my lenders will assist you with understanding the advantages and disadvantages of each one, because it is a challenge to know the distinctions between fixed and adjustable rate mortgages.

2 – Decide when you want to lock

By locking in the interest rate, the mortgage lender is holding to the mortgage interest rates for the loan – normally at the time the loan application is submitted. By floating the rate, you can lock the rate anytime between the day you apply for the loan and the issuing of closing documents. Those who decide to float believe that interest rates will plunge 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 lower your interest rate

When you decide to pay additional points to lower the rate of your loan, you will do so by paying for them in cash at the time of closing. Every point is 1 percent of the mortgage loan. To determine if you should buy points, click here to use our points calculator.

4 – Bring your paperwork

Acquiring a mortgage loan requires a lot of paperwork, so you should spend some time getting all your documentation together. Click here to see common information that goes on a loan application.

Van Eaton & Romero Inc 6 De Gaulle Sq Lafayette, LA 70508
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