Applying for a home loan in Dublin with help from Provident Realty Group

When purchasing a home, applying for a loan is distressing for most people, but it doesn't have to be. I'm pretty well-connected with many lenders in the Dublin area, and they've helped me learn some things that make the process of applying for a loan effortless.

1 – Compile a list of questions about your loan program

Be sure you have a list of questions with you if you find that you don't thoroughly comprehend the pros and cons of the different programs. It's hard to know the differences between both fixed and adjustable rate mortgages. I or one of my trusted lenders will help you understand the advantages and disadvantages of both.

2 – Determine when to lock

When you lock in the rate, your mortgage lender is sure to commit to the mortgage 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 you apply for your loan and closing. Buyers who elect to float believe 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 – Decide if you want to pay additional points to reduce your rate

Oftentimes you can decide to pay additional points to lower the interest rate of your loan. Each point is 1 percent of the mortgage loan and is payable in cash at the time of closing. If you're uncertain as to whether or not purchasing points is the best option for you, click here to use our points calculator.

4 – Gather your paperwork

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