Applying for a new home loan in Glendale with the help of Arizona Premier Realty Homes & Land LLC.
For a lot of people, applying for financing can be one of the more distressing aspects of purchasing a house. But it doesn't have to be. I've got great connections to many lenders in the Glendale area, and they've helped me realize some things that can make the process of applying for a loan much easier.
1 – Create a list of questions about your loan program
If you find that you do not entirely comprehend the pros and cons of all the various financing options, make sure to bring a list of questions with you. One of my lender contacts or I will be able to help you understand the advantages and disadvantages of each program, because it is hard to know the distinctions between both fixed and adjustable rate mortgages.
2 – Decide when you want to lock
By locking in a rate, your mortgage lender is holding to the interest rates for the loan – normally at the time the loan application is sent in. By floating the rate, you can lock the rate at any time between the day you apply for your loan and the issuing of closing documents. Buyers who opt to float presume that the interest rates will plunge in the near future. Click here to see the outlook for the next 90 days of interest rates.
3 – Bring your paperwork
Obtaining a mortgage loan requires lots of paperwork, so you should take some time to get all your documentation together. Click here to preview common questions you'll have to answer on a loan app.
