
	Getting your mortgage is just one part of a home purchase. EZ Home Search Real Estate is experienced at helping new and experienced in all areas of real estate. Call me today at (508) 646-4777 if your needs include a real estate pro experienced at the business side of real estate.

Thinking of financing your home?

When buying a home, the loan application is very demanding for most people, but it doesn't have to be. I have close professional relationships with several mortgage lenders in Fall River, and they've helped me realize some things that make the loan application process very easy.

1 – Create a list of questions about your loan program

Be sure to bring a list of questions with you if you find that you do not thoroughly 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 both programs, because it's hard to understand the distinctions between both fixed and adjustable rate mortgages.

2 – Decide when to lock

When you lock in a rate, it means that a mortgage lender guarantees the mortgage interest rates for the loan – often at the time the loan application is received. By floating the rate, you can lock the rate anytime between the day you apply for the loan and issuance of closing documents. Buyers who choose to float think the interest rates will drop 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 interest rate

If you decide to pay additional points to lower the rate of your mortgage loan, you'll do so by paying for them in cash at closing. Each point is 1 percent of the loan. Click here to use my points calculator. It will help you determine if buying points is the best option for you.

4 – Compile your paperwork

Acquiring a loan requires lots of paperwork, so you should spend some time getting all your documents together. Click here to get a feel for typical information that goes on a loan application.