Securing financing is just one aspect of getting into a new home. Stanton Realty is seasoned at helping both new and experienced buyers alike in all areas of real estate. Contact us if your needs include a real estate pro ready for the business side of buying and selling.


Are you thinking of financing your home in El Paso?

Feeling lots of anxiety over applying for a mortgage? You don't have to be. I have excellent relationships with various lenders in the El Paso area, and they've helped me learn some things that will make the loan application process uncomplicated.

1 – Create a list of questions about your loan program

Make sure you have a list of questions with you if you find that you don't totally understand the ins and outs of all the various loan programs.I or one of my lenders will be able to assist you with understanding the advantages and disadvantages of both programs, because it's hard to know the distinctions between fixed and adjustable rate mortgages.

2 – Decide when you want to lock

When you lock in the interest rate, it signifies that a mortgage lender holds to the mortgage interest rates for the loan – normally at the time the loan application is sent in.By floating the rate, you can lock the rate at any time between application and closing. Those who choose to float presume that interest rates will decline in the near future. Click here to see the outlook for the next 90 days of interest rates.

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

Generally you can opt to pay additional points to lower the interest rate of your loan. Each point is 1 percent of the loan and is payable in cash at closing.To determine if buying points is right for you, click here to use our points calculator.

4 – Bring your paperwork

Obtaining a mortgage loan requires a lot of paperwork, so you should take some time to get all your documents together. Click here to see normal information that goes on a loan application.
ef="/LoanApplicationChecklist">here to see normal information that goes on a loan application.