Do you wish to finance a new home in Glendale? Arizona Premier Realty Homes & Land LLC. can help.
Feeling lots of anxiety over getting financing for a home purchase? You don't have to be. I have excellent relationships with various mortgage lenders in the Glendale area, and they've helped me understand some things that make the process of applying for a loan a breeze.
1 – Assemble a list of questions regarding your loan program
Make sure you have a list of questions with you if you find that you do not fully grasp the ins and outs of all the various loan programs. One of my trusted lenders or I will be able to assist you in understanding the advantages and disadvantages of each program, because it's hard to understand the characteristics of fixed and adjustable rate mortgages.
2 – Determine when you want to lock
Locking in an interest rate indicates that a mortgage lender holds to the interest rates for the loan – often 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 your loan and the issuing of closing documents. Those who prefer to float believe that interest rates will decline in the near future. Click here to see the outlook for the next 90 days of interest rates.
3 – Bring your paperwork
Getting a mortgage loan requires a lot of paperwork, so you should take some time to get your documents together. Click here to preview normal questions you'll have to answer on a loan app.