Securing financing is just one aspect of getting into a new home. Tierra Antigua Realty is seasoned at helping new and experienced in all areas of real estate. Call us today at if your needs include a real estate pro experienced at the business side of real estate.

Are you going to finance a new home? Tierra Antigua Realty can help.

Securing a mortgage loan is one of the more distressing parts of buying a home. But it doesn't have to be. Being connected to several mortgage lenders in Tucson has helped me understand a lot of the things that make the loan application process a breeze.

1 – Compile a list of questions regarding your loan program

Be sure you bring a list of questions if you find that you don't perfectly comprehend the advantages and disadvantages of the different programs. It is hard to know the characteristics of fixed and adjustable rate mortgages. I or one of my lenders will help you understand the advantages and disadvantages of each.

2 – Decide when you want to lock

By locking in a rate, your mortgage lender is guaranteeing the mortgage interest rates for the loan – commonly at the time the loan application is sent in. By floating the rate, you can lock the rate at any time between application and the issuing of closing documents. Buyers who decide to float think the interest rates will fall in the near future. Click here to see the outlook for the next 90 days of interest rates.

3 – Determine if you want to pay additional points to lower your interest rate

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

4 – Gather your paperwork

Obtaining a loan requires a lot of paperwork, so you should spend some time getting all your documents together. Click here to get a feel for general information that goes on a loan application.