Securing financing is just one part of a home purchase. Coldwell Banker Hunter Realty is seasoned at helping both new and experienced buyers alike in all areas of real estate. Contact us if your needs include a professional REALTOR® ready for the business side of real estate.
Do you want to finance a home in Strongsville? Coldwell Banker Hunter Realty can help.
For a lot of people, securing the loan can be one of the most stressful elements of purchasing a house. But it doesn't have to be.
I have close working relationships with a lot of mortgage lenders in Strongsville, and they've helped me understand a few things that can make the loan application process much easier.
1 – Make a list of questions regarding your loan program
Make sure to have a list of questions if you don't completely comprehend the advantages and disadvantages of the various programs.
It's a challenge understanding the distinctions between fixed and adjustable rate mortgages. I or one of my lenders will help you understand the advantages and disadvantages of each program.
2 – Decide when to lock
Locking in the interest rate denotes that the mortgage lender holds to the interest rates for the loan – normally at the time the loan application is presented.
By floating the rate, you can lock the rate at any time between the day of your loan application and closing. Those who decide to float conclude that 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 rate
Usually you can elect to pay additional points to lower the rate of your loan. Each 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 help you decide if buying points is the best option for you.
4 – Bring your paperwork
Getting a loan requires a lot of paperwork, so you should take some time to get your documentation together. Click here to see common information that goes on a loan application.
Coldwell Banker Hunter Realty 15380 Pearl Road Strongsville, Ohio 44136
