
	Getting your loan locked down is just one aspect of getting into a new home. Lovins Realty & Investment Co. is seasoned at assisting both new and experienced buyers alike in all areas of real estate. Contact us if your needs include a real estate pro experienced at the business side of real estate.

Applying for a loan with the help of Lovins Realty & Investment Co.

Stressed out about applying for a mortgage? You don't have to be. Being connected with some lenders in Vidalia has helped me understand a few things that make the process of applying for a loan a breeze.

1 – Assemble a list of questions regarding your loan program

If you don't perfectly realize the advantages and disadvantages of all the various financing options, make sure to bring a list of questions with you. I or one of my lender contacts will be able to assist you in understanding the advantages and disadvantages of both programs, because it's a challenge to know the distinctions between both fixed and adjustable rate mortgages.

2 – Decide when to lock

Locking in a rate designates that a lender holds to the mortgage interest rates for the loan – normally at the time the loan application is received. By floating the rate, you can lock the rate anytime between the day you apply for your loan and issuance of closing documents. Buyers who choose to float think that the interest rates will plunge 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

If you decide to pay additional points to lower the interest rate of your mortgage loan, you will do so by paying for them in cash at closing. Every point is 1 percent of the mortgage loan. Click here to use our points calculator. It will assist you in deciding if purchasing points is the best option for you.

4 – Bring your paperwork

Obtaining a loan requires a lot 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.