Securing financing is just one part of getting into a new home. Maria Wilson - Coldwell Banker Coastal Rivers Realty is seasoned at assisting new and experienced in all areas of real estate. Contact us if your needs include a professional REALTOR® experienced at the business side of real estate.
Let Maria Wilson - Coldwell Banker Coastal Rivers Realty assist you in applying for your home loan.
When buying a home, applying for the loan is stressful for many people, but it doesn't have to be.
I have close professional relationships with many lending companies in Washington, and they've helped me realize some things that will make the loan application process effortless.
1 – Compose a list of questions about your loan program
If you don't fully comprehend the ins and outs of the various financing options, make sure to have a list of questions with you.
It is often a challenge to know the differences between both fixed and adjustable rate mortgages. I or one of my lenders can help you understand the advantages and disadvantages of both programs.
2 – Determine when you want to lock
By locking in the rate, your lender is committing to the mortgage interest rates for the loan – commonly at the time the loan application is presented.
By floating the rate, you can lock the rate anytime between the loan application day and issuance of closing documents. Those who choose to float conclude the interest rates will plunge 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
Usually you can decide to pay additional points to lower the interest rate of your loan. Every point is 1 percent of the mortgage loan and is payable in cash at the time of closing.
Click here to use our points calculator. It will help you determine if buying points is right for you.
4 – Gather your paperwork
Getting a loan requires lots of paperwork, so you should spend some time getting your documents together. Click here to see normal information that goes on a loan application.
®, ™ and SM are licensed trademarks to Coldwell Banker Real Estate Corporation. An Equal Opportunity Company. Equal Housing Opportunity . Each Office Is Independently Owned And Operated.
