
	Securing financing is just one aspect of getting into a new home. Keller Williams Real Estate is seasoned at aiding new and experienced in all areas of real estate. Contact us if your needs include a real estate pro experienced at the business side of real estate.

Are you thinking about financing your new home? Keller Williams Real Estate can help.

When purchasing a home, applying for a mortgage loan is stressful for most people, but it doesn't have to be. Having connections with several mortgage lenders in Malvern has helped me recognize a lot of the things that will make the process of applying for a loan uncomplicated.

1 – Make a list of questions regarding your loan program

Make sure you bring a list of questions with you if you find that you don't fully comprehend the advantages and disadvantages of the various programs. I or one of my lenders can assist you with understanding the advantages and disadvantages of each program, because it can be hard to understand the characteristics of fixed and adjustable rate mortgages.

2 – Decide when you want to lock

Locking in an interest rate signifies that a mortgage lender commits to the interest rates for the loan – commonly 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 your loan and the issuing of closing documents. Buyers who decide to float believe the interest rates will dip 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 interest rate

Usually you can decide to pay additional points to lower the rate of your mortgage loan. Every point is 1 percent of the mortgage loan and is payable in cash at closing. Click here to use our points calculator. This tool will help you decide if purchasing points is the best option for you.

4 – Gather your paperwork

Acquiring a loan requires a lot of paperwork, so you should take some time to get all your documents together. Click here to see typical questions you'll have to answer on a loan app.

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