Do you wish to finance your new home?

Stressed out about getting financing for a home purchase? You don't have to be. I have close professional relationships with a lot of mortgage lenders in Fayetteville, and they've helped me understand some things that will make the process of applying for a loan a snap.

1 – Compile a list of questions about your loan program

If you find that you do not entirely understand the pros and cons of all the different financing options, make sure to have a list of questions with you. It is often a challenge understanding the differences between both fixed and adjustable rate mortgages. One of my trusted lenders or I will be able to help you understand the advantages and disadvantages of each.

2 – Determine when you want to lock

When you lock in the rate, it indicates that a lender commits to the interest rates for the loan – ordinarily at the time the loan application is received. By floating the rate, you can lock the rate anytime between the day you apply for your loan and closing. Those who decide to float think that interest rates will fall in the near future. Click here to see the outlook for the next 90 days of interest rates.

3 – Bring your paperwork

Obtaining a mortgage loan requires lots of paperwork, so you should spend some time getting all your documents together. Click here to preview general questions you'll have to answer on a loan app.

Have More Questions?

Getting your loan locked down is just one aspect of a real estate transaction. Alotta Properties, Inc is experienced at assisting new and experienced in all areas of real estate. Call me today at 9102613559 if your needs include a real estate pro experienced at the business side of real estate.

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