
	Getting your mortgage is just one part of a home purchase. Pathfinder Real Estate Services is seasoned at aiding new and experienced in all areas of real estate. Contact me if your needs include a real estate pro experienced at the business side of real estate.

Are you going to finance your home?

For many people, applying for a loan is one of the more troublesome aspects of purchasing a home. But it doesn't have to be. I have close relationships with various lending companies in the Bingen area, and they've helped me recognize a few things that make the process of applying for a loan effortless.

1 – Put together 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 completely grasp the ins and outs of the different programs. One of my trusted lenders or I can assist you with understanding the advantages and disadvantages of each program, because it is hard to know the characteristics of both fixed and adjustable rate mortgages.

2 – Determine when to lock

By locking in the rate, a mortgage lender is committing to the interest rates for the loan – usually at the time the loan application is received. By floating the rate, you can lock the rate anytime between application and closing. Those who decide to float conclude 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 decrease your rate

Normally you can decide to pay additional points to lower the interest rate of your mortgage loan. Every point is 1 percent of the loan and is payable in cash at the time of closing. If you're not sure if purchasing points is the best option for you, click here to use my points calculator.

4 – Bring your paperwork

Acquiring a mortgage loan requires lots of paperwork, so you should take some time to get all your documents together. Click here to preview typical questions you'll have to answer on a loan app.