
	Getting your loan locked down is just one part of getting into a new home. Realty Executives East Valley is seasoned at helping new and experienced in all areas of real estate. Call us today at 602-999-0952 if your needs include a real estate pro ready for the business side of real estate.

Thinking of financing a home in Gilbert? Realty Executives East Valley can help.

Feeling lots of anxiety over applying for a mortgage? You don't have to be. I've got great connections to several mortgage lenders in the Gilbert area, and they've helped me recognize a few things that make the loan application process very easy.

1 – Compose a list of questions regarding your loan program

Make sure to bring a list of questions with you if you find that you do not thoroughly comprehend the advantages and disadvantages of the different loan programs. I or one of my trusted lenders can assist you in understanding the advantages and disadvantages of each program, because it is hard to know the characteristics of both fixed and adjustable rate mortgages.

2 – Decide when you want to lock

When you lock in a rate, your lender is sure to keep to the mortgage interest rates for the loan – typically at the time the loan application is submitted. By floating the rate, you can lock the rate anytime between application and the issuing of closing documents. Those who opt to float think that the interest rates will decline in the near future. Click here to see the outlook for the next 90 days of interest rates.

3 – Determine if you want to pay additional points to reduce your rate

When you choose to pay additional points to lower the rate of your loan, you will pay for them in cash at the time of closing. Each point is 1 percent of the loan. Click here to use our points calculator. It will assist you with deciding if buying points is the best option for you.

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 see general questions you'll have to answer on a loan app.