
	Securing financing is just one part of a real estate transaction. RE/MAX PROFESSIONALS is seasoned at helping both new and experienced buyers alike in all areas of real estate. Contact us if your needs include a real estate pro ready for the business side of buying and selling.

Applying for your loan with the help of RE/MAX PROFESSIONALS

Applying for the loan can be one of the more troublesome aspects of buying a home. But it doesn't have to be. I've got great connections to several lending companies in Cheshire, and they've helped me understand a few things that will make the loan application process easy.

1 – Compile a list of questions about your loan program

If you find that you don't completely understand the pros and cons of all the various loan programs, make sure to have a list of questions with you. It can be hard to understand the differences between fixed and adjustable rate mortgages. I or one of my lender contacts will assist you with understanding the advantages and disadvantages of each program.

2 – Determine when to lock

When you lock in an interest rate, your mortgage lender is guaranteed to hold to the mortgage 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 loan application day and closing. Those who decide to float think that the interest rates will dip 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 rate

If you opt to pay additional points to lower the rate of your mortgage loan, you will pay for them in cash at closing. Each point is 1 percent of the mortgage loan. If you're not sure if buying points is the best option for you, click here to use our points calculator.

4 – Gather your paperwork

Obtaining a loan requires lots 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.

Serving the towns of Beacon Falls, Cheshire, Middlebury, Naugatuck, Oakville,
Prospect, Cheshire, Waterbury, Watertown, and Wolcott
A member of the RE/MAX New England system