Homebuyer's Guide

Applying for a Mortgage (Step 3)

You should have already been pre-approved by Hometown Mortgage.  If not fill out the loan application.  Hometown Mortgage will find the best loan program for your needs.  Working with a mortgage broker, such as Hometown Mortgage can benefit you by providing you a wide range of mortgage options, such as; Adjustable Rate Mortgages or Balloon (Payment) Mortgages or Fixed Rate Mortgages.  Finding a good rate and mortgage payment program is an essential step in buying a home because it could save you thousands of dollars.

Let's establish a loan amount of $80,000.00.  This will be considered a conforming loan.  The rules for conforming loans apply to loans of less than $322,700.00.  Jumbo Loans cover the loans between $322,701.00 to $650,000.00.  As a buyer, you can take a look at the daily rates offered by Hometown Mortgage.

Hometown Mortgage can offer you various programs such as 30 year fixed, 15 year fixed, Adjustable Rate Mortgages and Interest Only Mortgages.  Each type of mortgage program has benefits depending on the buyer's financial situation and preference.

The hard work is done. On to Page 4

Hometown Mortgage      -      1710 Westminster      -      Denton, TX  76205

Phone: 940-243-5000      -      Fax:  940-387-5043

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TX Mortgage Brokers License# 15411

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