Provident Realty Group can assist you in applying for your loan.
Many buyers think that applying for mortgage financing is one of the most stressful parts of purchasing a home, but it doesn't have to be.
Having connections to some mortgage lenders in the Dublin area has helped me realize a few things that make the loan application process very easy.
1 – Organize a list of questions regarding your loan program
If you do not perfectly comprehend the advantages and disadvantages of all the various programs, be sure to have a list of questions.
It's hard to know the distinctions between fixed and adjustable rate mortgages. I or one of my lenders can assist you in understanding the advantages and disadvantages of both programs.
2 – Determine when you want to lock
When you lock in the interest rate, it means that a lender keeps to the interest rates for the loan – commonly at the time the loan application is presented.
By floating the rate, you can lock the rate at any time between the loan application day and at the time of closing. Those who opt to float think the interest rates will decline 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 lower your interest rate
Normally you can decide to pay additional points to lower the rate of your mortgage loan. Every point is 1 percent of the loan and is payable in cash at closing.
If you're uncertain if purchasing points is the best option for you, click here to use our points calculator.
4 – Compile your paperwork
Acquiring a loan requires lots of paperwork, so you should spend some time getting your documentation together. Click here for a list of normal loan documentation.