Getting your mortgage is just one aspect of a home purchase. Barbara Pearson-Sawyer, GRI is experienced at aiding new and experienced in all areas of real estate. Call me today at 719-207-3884 if your needs include a real estate pro experienced at the business side of real estate.

Thinking about financing a home?

Applying for the loan is one of the more distressing elements of purchasing a home. But it doesn't have to be. I've got great connections to a lot of mortgage lenders in the Salida area, and they've helped me realize some things that will make the process of applying for a loan pretty simple.

1 – Organize a list of questions regarding your loan program

Make sure to bring a list of questions if you find that you don't thoroughly grasp the pros and cons of all the various programs. It can be a challenge to understand the distinctions between both fixed and adjustable rate mortgages. One of my trusted lenders or I will assist you with understanding the advantages and disadvantages of both programs.

2 – Determine when to lock

When you lock in the rate, it means that the lender guarantees the mortgage interest rates for the loan – ordinarily at the time the loan application is submitted. By floating the rate, you can lock the rate at any time between application and issuance of closing documents. Buyers who decide to float think interest rates will dip in the near future. Click here to see the outlook for the next 90 days of interest rates.

3 – Compile your paperwork

Obtaining a loan requires lots of paperwork, so you should spend some time getting all your documents together. Click here to see general questions you'll have to answer on a loan app.

Looking to Buy?

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