
	Getting your loan locked down is just one aspect of a real estate transaction. Go! Real Estate, Inc. is seasoned at aiding both new and experienced buyers alike in all areas of real estate. Call us today at 1-718-863-8778 if your needs include a real estate pro ready for the business side of buying and selling.

Let Go! Real Estate, Inc. assist you in applying for your home loan.

Feeling lots of anxiety over getting financing for a home purchase? You don't have to be. I have close business relationships with several lenders in the Bronx area, and they've helped me recognize a few things that make the process of applying for a loan uncomplicated.

1 – Make 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 fully comprehend the pros and cons of all the different programs. I or one of my lender contacts will be able to assist you in understanding the advantages and disadvantages of both programs, because it can be a challenge to understand the distinctions between both fixed and adjustable rate mortgages.

2 – Decide when to lock

By locking in a rate, a lender is keeping to the interest rates for the loan – most often at the time the loan application is received. 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 choose 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 – Determine if you want to pay additional points to lower your rate

Normally you can choose to pay additional points to lower the interest rate of your loan. Every point is 1 percent of the loan and is payable in cash at closing. If you're uncertain as to whether or not buying points is right for you, click here to use our points calculator.

4 – Bring your paperwork

Obtaining a loan requires a lot of paperwork, so you should take some time to get your documentation together. Click here to see normal questions you'll have to answer on a loan app.