Let The Williamson Group Realty, Inc. help you apply for a new home loan.

When purchasing a home, applying for a loan is distressing for many people, but it doesn't have to be. I'm very well-connected to some lenders in the Arcadia area, and they've helped me recognize some things that can make the process of applying for a loan a breeze.

1 – Put together a list of questions regarding your loan program

If you don't completely understand the pros and cons of the various programs, be sure to have a list of questions. I or one of my lenders will assist you in understanding the advantages and disadvantages of both programs, because it can be hard to know the differences between fixed and adjustable rate mortgages.

2 – Determine when you want to lock

Locking in indicates that a lender holds 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 application and at the time of closing. Those who opt to float conclude 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 decrease your interest rate

If you choose to pay additional points to lower the interest rate of your loan, you will pay for them in cash at closing. Each point is 1 percent of the loan. Click here to use our points calculator. It will assist you with deciding if buying points is right for you.

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 common loan documentation.