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Securing financing is just one aspect of getting into a new home. Buy Owner Realty is seasoned at assisting both new and experienced buyers alike in all areas of real estate. Call me today at 2604664999 if your needs include a real estate pro experienced at the business side of real estate.

Let Buy Owner Realty assist you in applying for your loan.

For most people, securing a mortgage loan is one of the more stressful aspects of purchasing a house. But it doesn't have to be. I've got great connections to many lenders in the Fort Wayne area, and they've helped me learn a few things that make the process of applying for a loan very easy.

1 – Compile a list of questions regarding your loan program

Make sure to bring a list of questions with you if you find that you don't fully grasp the pros and cons of the various loan programs. One of my lenders or I can assist you with understanding the advantages and disadvantages of each program, because it's a challenge to understand the distinctions between fixed and adjustable rate mortgages.

2 – Determine when you want to lock

When you lock in a rate, it designates that the lender holds to the mortgage interest rates for the loan – usually at the time the loan application is sent in. By floating the rate, you can lock the rate at any time between the loan application day and the issuing of closing documents. Those who opt to float believe interest rates will plunge 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

When you decide to pay additional points to lower the interest rate of your mortgage loan, you will pay for them in cash at closing. Every point is 1 percent of the loan. Click here to use my points calculator. This tool will help you determine if purchasing points is right for you.

4 – Bring your paperwork

Obtaining a mortgage loan requires a lot of paperwork, so you should take some time to get your documents together. Click here to get a feel for typical information that goes on a loan application.