Let Provident Realty Group help you with financing a home in Dublin.
Applying for the loan is one of the most distressing elements of purchasing a home for a buyer, but it doesn't have to be.
I'm familiar with some lenders in Dublin, and they've helped me learn a few things that can make the process of applying for a loan a breeze.
1 – Put together a list of questions regarding your loan program
If you don't completely realize the advantages and disadvantages of all the various loan programs, make sure to bring a list of questions.
It can be a challenge to understand the characteristics of both fixed and adjustable rate mortgages. I or one of my trusted lenders will help you understand the advantages and disadvantages of both programs.
2 – Determine when to lock
When you lock in a rate, it denotes that your mortgage lender commits to the mortgage interest rates for the loan – generally at the time the loan application is sent in.
By floating the rate, you can lock the rate at any time between the day you apply for the loan and closing. Buyers who elect to float think that the interest rates will decline 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 reduce your rate
Generally you can choose to pay additional points to lower the interest rate of your mortgage loan. Each point is 1 percent of the mortgage loan and is payable in cash at closing.
If you're undecided on whether or not buying points is right for you, click here to use our points calculator.
4 – Gather your paperwork
Getting a loan requires lots of paperwork, so you should take some time to get your documents together. Click here for a list of typical loan documentation.