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Mortgage Rates in Abilene, TX

Mortgage rates change daily, sometimes hourly depending on several different factors. We would like to be able to quote you an accurate rate depending on the type of loan program you will be applying for, the loan amount you are needing and the term of your loan. When you sign a contract and loan application with Love & Love Mortgage Inc., a rate can usually be locked in for 30-45 days at no charge to you, possibly even with a credit toward closing costs.

Please feel free to call (325) 795-1000 at any time to get a rate quote.

Borrower Timeline

  • Apply for the Loan and Get Pre-Approved Be sure to bring in any documentation we have requested as soon as possible to make sure there are no surprises in the loan approval process. How long this takes will depend on your circumstances, but we cannot get you fully approved until you bring in everything we require.  
  • Find a Home The next step is to find a home and fully negotiate a contract. Since you have been pre-approved, you know the amount you qualify for and how you can finance the home. Having this information not only tells your agent and home sellers that you’re a serious buyer but it also gives you leverage when negotiating. Use a REALTOR®!
  • Lock in Your Interest Rate Call us as soon as you find a home and a contract has been fully accepted by the seller. We usually cannot lock in an interest rate until you are under contract. We will be sure to lock in your rate for a term that will coincide with your proposed closing date.
  • Get the Home Inspected This is an option you have under the terms of your contract. We will not order the appraisal until you have the home inspected. We want to be sure you don’t find anything in the inspection that would make you back out of the deal under the terms of your contract. You are responsible for setting up an appointment with the inspector and paying their fee.  
  • We Order the Appraisal After you have given us the OK on the inspection, we will order the appraisal. Again, this is to be sure the home is worth the sales price of the home.
  • Find Your Insurance Company It may take a little time to shop for the best homeowner’s rates. You might want to use a company that you have an established relationship with, or call a few companies to compare rates. After you decide, please let us know your agent’s phone number ASAP. Remember if you buy a property in a flood zone, you will need to obtain flood insurance as well.  
  • Survey This is another step with which we will be happy to assist you. If your seller does not have an existing survey, we will try to order this as soon as possible. Usually we want to wait to order this until we know the home has appraised for the contract price. The survey is a drawing showing your actual lot, where the house sits on your lot, building easements, any fences, etc.  
  • Title Work The title company that will close your home is listed in the contract. We will send them a letter requesting title work. You will usually receive something from them stating they have searched the title history of the home you are buying to assure you that when you close, all seller’s liens will be paid and you will own the home free and clear other than the mortgage loan you are getting.  
  • Closing This is a happy day! This is when you will sit down with an attorney and sign all the necessary documents to actually obtain the loan and have the title transferred from the seller’s name to your name. The day before the closing we will let you know the final amount, if any, you need to bring with you to closing.  
  • Funding of the Loan This is what the title company will take care of after you sign the papers. The title company will fax the investor (the company with the money for your loan) certain documents to assure them that everyone has signed and the investor will give the title company the approval to disperse the funds.  
  • Moving Day Sorry, but you are on your own for this one! You will usually take possession of the home after closing and funding, but it will depend on how your contract reads. 
It is our job to ensure this process goes as smoothly as possible. During the process if you have any questions, please call us at (325) 795-1000.

Consumer Complaint and Mortgage Broker Recovery Fund Notice

“CONSUMERS WISHING TO FILE A COMPLAINT AGAINST A COMPANY OR A RESIDENTIAL MORTGAGE LOAN ORIGINATOR SHOULD COMPLETE AND SEND A COMPLAINT FORM TO THE TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE LENDING, 2601 NORTH LAMAR, SUITE 201, AUSTIN, TEXAS 78705. COMPLAINT FORMS AND INSTRUCTIONS MAY BE OBTAINED FROM THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV. A TOLL-FREE CONSUMER HOTLINE IS AVAILABLE AT 1-877-276-5550.

THE DEPARTMENT MAINTAINS A RECOVERY FUND TO MAKE PAYMENTS OF CERTAIN ACTUAL OUT OF POCKET DAMAGES SUSTAINED BY BORROWERS CAUSED BY ACTS OF LICENSED RESIDENTIAL MORTGAGE LOAN ORIGINATORS. A WRITTEN APPLICATION FOR REIMBURSEMENT FROM THE RECOVERY FUND MUST BE FILED WITH AND INVESTIGATED BY THE DEPARTMENT PRIOR TO THE PAYMENT OF A CLAIM. FOR MORE INFORMATION ABOUT THE RECOVERY FUND, PLEASE CONSULT THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV.”
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