
	Securing financing is just one part of a real estate transaction. Coldwell Banker Triad, Realtors is experienced at helping both new and experienced buyers alike in all areas of real estate. Call us today at 336-410-6828 if your needs include a professional REALTOR^® experienced at the business side of real estate.

Let Coldwell Banker Triad, Realtors assist you in applying for a new home loan.

When buying a home, applying for financing is very stressful for many people, but it doesn't have to be. Having connections to various mortgage lenders in High Point has helped me learn a lot of the things that will make the process of applying for a loan a breeze.

1 – Compile a list of questions regarding your loan program

Make sure to have a list of questions with you if you do not entirely grasp the ins and outs of the various loan programs. I or one of my trusted lenders can help you understand the advantages and disadvantages of each one, because it can be hard to understand the differences between fixed and adjustable rate mortgages.

2 – Determine when you want to lock

By locking in the interest rate, the lender is committing to the mortgage interest rates for the loan – commonly at the time the loan application is sent in. By floating the rate, you can lock the rate anytime between the loan application day and at the time of closing. Those who choose to float presume interest rates will plunge 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

If you opt to pay additional points to lower the interest rate of your mortgage loan, you will do so by paying for them in cash at closing. Each point is 1 percent of the loan. To determine if you should purchase points, click here to use our points calculator.

4 – Compile your paperwork

Getting a loan requires a lot of paperwork, so you should spend some time getting all your documentation together. Click here to see common information that goes on a loan application.

Madalyn Kunow, REALTOR/Broker 2212 Eastchester Dr High Point, NC 27265-1454

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