Let At Home Real Estate Company help you with financing a new home.

When buying a home, applying for the loan is very demanding for a lot of people, but it doesn't have to be. I'm very connected to several lenders in Loveland, and they've helped me understand a few things that will make the loan application process effortless.

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

If you find that you do not entirely understand the ins and outs of all the various loan programs, be sure you have a list of questions with you. It is a challenge to understand the differences between both fixed and adjustable rate mortgages. I or one of my trusted lenders can assist you in understanding the advantages and disadvantages of each.

2 – Decide when to lock

When you lock in a rate, a lender is guaranteed to commit 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 at any time between the day you apply for the loan and at the time of closing. Those who prefer to float presume the 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 interest rate

If you decide to pay additional points to lower the rate of your mortgage loan, you'll pay for them in cash at the time of closing. Every point is 1 percent of the mortgage loan. Click here to use our points calculator. This tool will help you decide if purchasing points is right for you.

4 – Gather your paperwork

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

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