Are you looking to finance a home in ?

When purchasing a home, applying for the mortgage loan is troublesome for a lot of people, but it doesn't have to be. I'm very well-connected to a lot of lending companies in the area, and they've helped me learn a few things that will make the process of applying for a loan a breeze.

1 – Organize a list of questions regarding your loan program

If you find that you don't fully realize the pros and cons of the various programs, make sure you bring a list of questions with you. It is hard to understand the characteristics of both fixed and adjustable rate mortgages. I or one of my lender contacts will assist you in understanding the advantages and disadvantages of each one.

2 – Decide when to lock

When you lock in the interest rate, it denotes that a mortgage lender holds to the mortgage interest rates for the loan – often at the time the loan application is submitted. By floating the rate, you can lock the rate anytime between application and closing. Buyers who elect to float presume interest rates will drop 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 decrease your interest rate

Generally you can decide to pay additional points to lower the rate of your mortgage loan. Each point is 1 percent of the loan and is payable in cash at the time of closing. If you're unsure if purchasing points is the best option for you, click here to use our points calculator.

4 – Gather your paperwork

Acquiring a mortgage loan requires a lot of paperwork, so you should take some time to get your documents together. Click here to get a list of normal loan documentation.