Securing financing is just one aspect of getting into a new home. Mickey Hambright is experienced at helping both new and experienced buyers alike in all areas of real estate. Call us today at 828-817-1796 if your needs include a professional REALTOR® experienced at the business side of buying and selling.

Looking to finance your new home in Landrum?

When purchasing a home, the mortgage loan application is very troublesome for many people, but it doesn't have to be. We have close relationships with many lending companies in the Landrum area, and they've helped us learn a few things that can make the loan application process a breeze.

1 – Make a list of questions about your loan program

Be sure to bring a list of questions with you if you do not totally comprehend the ins and outs of the various programs. Oftentimes, it can be a challenge to understand the characteristics of both fixed and adjustable rate mortgages. One of our lenders or associates will be able to assist you with understanding the advantages and disadvantages of each.

2 – Decide when to lock

When you lock in a rate, the mortgage lender is guaranteed to keep to the interest rates for the loan – generally at the time the loan application is sent in. By floating the rate, you can lock the rate anytime between the day of your loan application and issuance of closing documents. Buyers who decide to float think interest rates will drop in the near future. Click here to see the outlook for the next 90 days of interest rates.

3 – Compile your paperwork

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

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