Getting your loan locked down is just one aspect of getting into a new home. Prudential Adamo Realty is seasoned at assisting new and experienced 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. Are you going to finance a home in 742 Bergen Blvd.? Feeling lots of anxiety over getting financing for a home purchase? You don't have to be. I have excellent relationships with several mortgage lenders in 742 Bergen Blvd., and they've helped me understand a few things that will make the loan application process much easier. 1 – Create a list of questions regarding your loan program Make sure to have a list of questions with you if you find that you do not thoroughly grasp the ins and outs of all the various programs. I or one of my lenders can help you understand the advantages and disadvantages of each one, because it is a challenge to understand the differences between fixed and adjustable rate mortgages. 2 – Decide when to lock When you lock in the interest rate, the lender is guaranteed to hold to the interest rates for the loan – ordinarily at the time the loan application is received. By floating the rate, you can lock the rate anytime between the loan application day and at the time of closing. Those who elect to float presume interest rates will fall 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 lower your interest rate Usually you can decide to pay additional points to lower the rate of your mortgage loan. Every point is 1 percent of the loan and is payable in cash at closing. To decide if purchasing points is right for you, click here to use our points calculator. 4 – Compile your paperwork Obtaining a loan requires a lot of paperwork, so you should spend some time getting all your documentation together. Click here to preview common information that goes on a loan application. Got a Question? Do you have a question? We can help. Simply fill out the form below and we'll contact you with the answer, with no obligation to you. We guarantee your privacy.   Your Information *Name: *Email: Phone: Your Question Question: Note: Fields with an * are required

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