Locking An Interest Rate

Mortgage interest rates change daily – and occasionally they change during the day depending on the market’s volatility. Locking a rate is the most prominent part of securing a mortgage and needs to be done within the first week of getting a loan so that paperwork can be submitted to underwriting. Obviously we want the best […]

How To Pay For Closing Cost when buying a home Plano Texas

How To Pay For Closing Costs

How To Pay For Closing Costs When structuring a mortgage home loan there are four ways to pay for the Mortgage Closing Costs: pay cash at closing, roll the costs into the loan, increase the interest rate, or do a combination of the aforementioned methods.  When lenders offer “no cost” loans or “low costs” loans they are either rolling the costs […]