Securing financing is just one aspect of getting into a new home. The Hauber Realty Group is experienced 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. Applying for your loan with help from The Hauber Realty Group For many people, applying for a loan can be one of the most exasperating elements of buying a home. But it doesn't have to be. I have close relationships with some reputable lenders in the Colorado Springs area, and they've helped me recognize a few things that make the loan application process much easier. 1 – Make a list of questions about your loan program Be sure you have a list of questions with you if you do not thoroughly comprehend the ins and outs of all the various loan programs. I or one of my lender contacts can help you understand the advantages and disadvantages of each program, because it can be a challenge to understand the distinctions between fixed and adjustable rate mortgages. 2 – Decide when to lock By locking in the rate, the lender is keeping to the mortgage interest rates for the loan – often at the time the loan application is submitted. By floating the rate, you can lock the rate anytime between application and issuance of closing documents. Those who choose to float believe that 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 interest rate When you elect to pay additional points to lower the interest rate of your mortgage 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. This tool will assist you with deciding if buying points is right for you. 4 – Gather your paperwork Acquiring a mortgage loan requires lots of paperwork, so you should spend some time getting your documentation together. Click here to get a feel for normal information that goes on a loan application.

719-339-0840

All Rights Reserved.  Information Deemed Reliable But Not Guaranteed.  The Hauber Realty Group is an agent of SellState Alliance Realty. Neither The Hauber Realty Group nor the service providers for The Hauber Realty Group are liable for any errors or inaccuracies in the information provided through this website.  Equal housing opportunity. © 2011-2012 SellState Alliance Realty and The Hauber Realty Group