Let At Home Real Estate Company assist you with applying for your home loan.

For most people, applying for a loan is one of the most distressing elements of purchasing a house, but it doesn't have to be. Being familiar with several lending companies in Loveland has helped me realize a few things that will make the process of applying for a loan very manageable.

1 – Create a list of questions about your loan program

Be sure you have a list of questions with you if you don't entirely comprehend the advantages and disadvantages of all the various loan programs. It can be hard to understand the differences between fixed and adjustable rate mortgages. I or one of my lender contacts can assist you in understanding the advantages and disadvantages of each.

2 – Decide when you want to lock

Locking in signifies that a lender commits to the interest rates for the loan – usually at the time the loan application is sent in. By floating the rate, you can lock the rate anytime between the day you apply for the loan and closing. Those who opt to float presume that interest rates will dip 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 rate

Normally you can choose to pay additional points to lower the rate of your loan. Every point is 1 percent of the mortgage loan and is payable in cash at closing. Click here to use our points calculator. It will assist you with determining if purchasing points is right for you.

4 – Gather your paperwork

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

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