Austin Mortgages, Financial Planning and Banking
Planning your financial move is tricky. Finding the right financial institution is a big decision when you move to a new community. Austin has a wide array of Interstate banks, Community banks, and Credit Unions offering a wide array of services and locations to serve you. More importantly, selecting financing for your new home is an exciting and adventurous experience-and a challenging one. In addition to financial institutions, there are many sources of financing available through private lending sources, special corporate financing for transferees, and business loans. In this section you will find information designed to help newcomers overcome some of the hurdles they may encounter and point them in the right direction.
Questions for your Lender
- Are both fixed-rate and adjustable mortgage
loans available?
- What is the interest rate?
- How long can I "lock-in" the financing at
the current interest rate?
- Is a float down lock available in case rates
drop after I have locked in?
- What are the other fees a lender may charge
me in conjunction with my loan?
- Are funds for a second mortgage available?
Five Important Closing Documents
Purchasing a home is probably one of the
biggest financial decisions you will ever
make. The closing process can sometimes be
such an overwhelming experience that
understanding the laws, rules and regulations
of real estate can be very intimidating and
bewildering. As a buyer, it is important that
you understand the various terms and conditions
you have agreed upon in the contract, as
well as the various types of possible claims
and imperfections that you are insured
against at the completion of the closing.
