Mortgage rates are low, and there is
money available according to the Texas Association of
Realtors. However, getting a loan has become more
challenging. TAR (Texas Association of Realtors) recommends
the following to help secure a loan.
1) Start early – Start your loan approval process before
submitting an offer
2) Be Prepared – Have all your financial information ready
to submit to your lender.
3) Check your credit score and if your score needs
improvement consider:
A. Paying your bills consistently
B. Pay off debt
C. Don’t max out credit cards
D. Don’t open new accounts
4) The web is great for comparing rates and you may find a
good lender. However, try your own bank and local lenders.
Shop various lenders for what they can offer you.
Lastly, know the difference between Pre-Qualified and
Pre-Approved. Pre-qualified gives you an idea of much money
you might be qualified to borrow; it does not mean you are
approved. To become pre-approved you fill out a loan
application and provide all financial information. If the
lender is satisfied with this information, the lender will
commit to writing and funding a loan.
Below are links to several local lenders in the Texas Hill
Country:
www.cibolomortgage.com
www.hometrustmortgage.com
www.capitolfarmcredit.com
www.wellsfargo.com
www.bankofthehills.com
www.texasrealestate.com
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