
	Securing financing is just one part of a home purchase. EZ Home Search Real Estate is seasoned at assisting both new and experienced buyers alike in all areas of real estate. Contact me if your needs include a professional REALTOR^® experienced at the business side of buying and selling.

Are you looking to finance a home in Fall River?

When purchasing a home, the mortgage loan application is very demanding for most people, but it doesn't have to be. I have close working relationships with several lending companies in the Fall River area, and they've helped me understand some things that make the process of applying for a loan very easy.

1 – Assemble a list of questions about your loan program

Make sure you have a list of questions with you if you find that you don't fully grasp the ins and outs of all the different programs. It is a challenge to understand the differences between both fixed and adjustable rate mortgages. One of my trusted lenders or I will be able to assist you in understanding the advantages and disadvantages of both programs.

2 – Determine when to lock

By locking in an interest rate, a lender is guaranteeing the interest rates for the loan – often at the time the loan application is sent in. By floating the rate, you can lock the rate at any time between the day of your loan application and at the time of closing. Those who elect to float presume 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 decrease your rate

Generally you can opt to pay additional points to lower the interest rate of your loan. Each point is 1 percent of the loan and is payable in cash at closing. If you're undecided on whether or not buying points is right for you, click here to use my points calculator.

4 – Compile your paperwork

Getting a loan requires a lot of paperwork, so you should spend some time getting all your documentation together. Email me and I will send you a checklist of common information that goes on a loan application.