|Getting your mortgage is just one aspect of a home purchase. Trey Affolter, Keller Williams Realty is experienced at aiding new and experienced in all areas of real estate. Call us today at 253-881-4109 if your needs include a professional REALTOR® ready for the business side of buying and selling.|
Thinking about financing your new home in Puyallup? Trey Affolter, Keller Williams Realty can help.Feeling lots of anxiety over getting financing for a home purchase? You don't have to be. I have excellent relationships with various lending companies in the Puyallup area, and they've helped me understand some things that will make the loan application process effortless.
1 – Compile a list of questions about your loan programBe sure to have a list of questions if you find that you don't completely grasp the pros and cons of all the different programs. It can be a challenge to understand the differences between both fixed and adjustable rate mortgages. I or one of my trusted lenders will help you understand the advantages and disadvantages of each.
2 – Decide when to lockLocking in the interest rate denotes that a mortgage lender keeps to the interest rates for the loan – most often at the time the loan application is presented. 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 presume that interest rates will fall 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 reduce your rateIf you choose to pay additional points to lower the interest rate of your loan, you'll pay for them in cash at closing. Each point is 1 percent of the loan. If you're undecided as to whether or not purchasing points is the best option for you, click here to use our points calculator.
4 – Gather your paperworkGetting a loan requires a lot of paperwork, so you should spend some time getting all your documents together. Click here to get a feel for common information that goes on a loan application.