Are you going to finance your new home in West Bridgewater?

Securing a mortgage loan can be one of the more exasperating aspects of buying a house. But it doesn't have to be. Being familiar with many lending companies in West Bridgewater has helped us learn a few things that can make the process of applying for a loan effortless.

1 – Make a list of questions regarding your loan program

Make sure you bring a list of questions with you if you don't perfectly grasp the ins and outs of the various loan programs. One of our lender contacts or staff will help you understand the advantages and disadvantages of each program, because it can be hard to know the distinctions between fixed and adjustable rate mortgages.

2 – Determine when to lock

Locking in a rate designates that a lender holds to the interest rates for the loan – commonly at the time the loan application is submitted. 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 opt to float conclude that the interest rates will drop in the near future. Click here to see the outlook for the next 90 days of interest rates.

3 – Bring your paperwork

Getting a loan requires lots of paperwork, so you should spend some time getting all your documents together. Click here to see typical information that goes on a loan application.

Need More Assistance?

Securing financing is just one part of a real estate transaction. J Michael's Real Estate, LLC is seasoned at assisting new and experienced in all areas of real estate. Contact us if your needs include a professional REALTOR® ready for the business side of buying and selling.