Securing financing is just one aspect of a real estate transaction. Harrell & Associates Real Estate is experienced at assisting new and experienced in all areas of real estate. Contact us if your needs include a professional REALTOR® ready for the business side of buying and selling.

Let Harrell & Associates Real Estate help you apply for a new home loan.

Securing a loan is one of the most troublesome parts of buying a home. But it doesn't have to be. Having connections to some lenders in the Lampasas area has helped us learn some things that will make the process of applying for a loan effortless.

1 – Put together a list of questions about your loan program

If you do not completely understand the pros and cons of all the various financing options, make sure to bring a list of questions. One of our trusted lenders or staff can assist you in understanding the advantages and disadvantages of each one, because it's a challenge to understand the differences between both fixed and adjustable rate mortgages.

2 – Decide when to lock

When you lock in the interest rate, the mortgage lender is sure to hold to the interest rates for the loan – typically at the time the loan application is submitted. By floating the rate, you can lock the rate at any time between the day you apply for your loan and at the time of closing. Those who decide to float conclude that interest rates will drop in the near future. Click here to see the outlook for the next 90 days of interest rates.

3 – Gather your paperwork

Getting a loan requires lots of paperwork, so you should spend some time getting all your documentation together. Click here to preview typical questions you'll have to answer on a loan app.