Provident Realty Group can help you finance your home.

Many buyers think applying for mortgage financing is one of the most distressing parts of buying a home, but it doesn't have to be. Being familiar with various mortgage lenders in the Dublin area has helped me understand a few things that will make the loan application process uncomplicated.

1 – Compile a list of questions regarding your loan program

If you do not fully understand the pros and cons of the various loan programs, be sure you have a list of questions with you. I or one of my trusted lenders can assist you in understanding the advantages and disadvantages of each program, because it can be a challenge to know the differences between both fixed and adjustable rate mortgages.

2 – Decide when you want to lock

By locking in the interest rate, the lender is keeping to the interest rates for the loan – commonly at the time the loan application is received. By floating the rate, you can lock the rate at any time between the day of your loan application and at the time of closing. Buyers who opt to float think the 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 rate

If you opt to pay additional points to lower the rate of your loan, you'll pay for them in cash at closing. Each point is 1 percent of the mortgage loan. If you're undecided on whether or not buying points is the best option for you, click here to use our points calculator.

4 – Compile your paperwork

Getting a mortgage loan requires a lot of paperwork, so you should take some time to get all your documentation together. Click here to get a list of typical loan documentation.