Securing financing is just one part of a real estate transaction. is experienced at helping new and experienced in all areas of real estate. Call us today at (517) 706-2440 if your needs include a professional REALTOR® experienced at the business side of real estate.

Are you going to finance a new home in Okemos?

Feeling lots of anxiety over applying for a mortgage? You don't have to be. I've got great connections to various lending companies in the Okemos area, and they've helped me learn some things that can make the process of applying for a loan much easier.

1 – Compile a list of questions regarding your loan program

Be sure you have a list of questions with you if you find that you don't totally comprehend the ins and outs of the various loan programs. I or one of my trusted lenders can assist you in understanding the advantages and disadvantages of each program, because it's a challenge to know the differences between both fixed and adjustable rate mortgages.

2 – Determine when you want to lock

When you lock in the interest rate, your mortgage lender is guaranteed to hold to the mortgage interest rates for the loan – generally at the time the loan application is submitted. By floating the rate, you can lock the rate anytime between the day you apply for the loan and the issuing of closing documents. Those who opt 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 – Decide if you want to pay additional points to reduce your interest rate

If you opt to pay additional points to lower the interest rate of your mortgage loan, you'll do so by paying for them in cash at the time of closing. Every point is 1 percent of the loan. Click here to use our points calculator. This tool will assist you in determining if buying points is the best option for you.

4 – Compile your paperwork

Obtaining a mortgage loan requires a lot of paperwork, so you should take some time to get all your documentation together. Click here to preview general information that goes on a loan application.

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