Applying for your loan in Dublin with help from Provident Realty Group

Applying for a loan is one of the most exasperating elements of buying a home, but it doesn't have to be. I have a close business relationship with some lending companies in the Dublin area, and they've helped me recognize a few things that make the process of applying for a loan a snap.

1 – Compose a list of questions about your loan program

If you do not totally realize the ins and outs of the various loan programs, make sure to have a list of questions. I or one of my trusted lenders will be able to help you understand the advantages and disadvantages of both programs, because it can be hard to know the differences between both fixed and adjustable rate mortgages.

2 – Determine when to lock

When you lock in a rate, your mortgage lender is sure to commit to the interest rates for the loan – normally at the time the loan application is received. 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 believe the interest rates will fall 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 lower your interest rate

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

4 – Bring your paperwork

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