
	Securing financing is just one aspect of getting into a new home. Exit Realty Talbot and Company is experienced at assisting both new and experienced buyers alike in all areas of real estate. Call us today at 703-771-8268 if your needs include a real estate pro experienced at the business side of buying and selling.

Are you thinking of financing a new home? Exit Realty Talbot and Company can help.

Feeling lots of anxiety over applying for a mortgage? You don't have to be. I have excellent relationships with several lenders in Ashburn, and they've helped me learn some things that make the loan application process very easy.

1 – Organize a list of questions about your loan program

Be sure you bring a list of questions if you do not thoroughly understand the ins and outs of the various loan programs. Oftentimes, it can be a challenge to understand the differences between fixed and adjustable rate mortgages. I or one of my lender contacts can assist you with understanding the advantages and disadvantages of both.

2 – Decide when to lock

When you lock in the rate, your mortgage lender is guaranteed to keep to the mortgage interest rates for the loan – normally at the time the loan application is presented. By floating the rate, you can lock the rate at any time between the day you apply for your loan and closing. Buyers who prefer 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 – Decide if you want to pay additional points to decrease your interest rate

Typically you can decide to pay additional points to lower the interest rate of your loan. Each point is 1 percent of the mortgage loan and is payable in cash at closing. Click here to use our points calculator. It will help you decide if buying points is the best option for you.

4 – Gather your paperwork

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