Getting your mortgage is just one part of getting into a new home. Arizona Premier Realty Homes & Land LLC. is experienced at helping both new and experienced buyers alike in all areas of real estate. Call me today at 623-512-2467 if your needs include a real estate pro ready for the business side of real estate.
Let Arizona Premier Realty Homes & Land LLC. help you finance a new home.
Feeling lots of anxiety over getting financing for a home purchase? You don't have to be.
Being familiar with many mortgage lenders in Glendale has helped me realize some things that will make the process of applying for a loan much easier.
1 – Compile a list of questions about your loan program
Make sure to bring a list of questions if you don't perfectly understand the ins and outs of all the different loan programs.
At times, it can be a challenge to know the distinctions between fixed and adjustable rate mortgages. I or one of my trusted lenders will assist you with understanding the advantages and disadvantages of each.
2 – Decide when you want to lock
When you lock in the interest rate, your lender is sure to keep to the mortgage interest rates for the loan – normally at the time the loan application is sent in.
By floating the rate, you can lock the rate anytime between application and closing. Those who choose to float conclude 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 lower your interest rate
Oftentimes you can opt to pay additional points to lower the interest rate of your loan. Every point is 1 percent of the mortgage loan and is payable in cash at the time of closing.
Click here to use our points calculator. This tool will assist you with determining if buying 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 feel for common questions you'll have to answer on a loan app.