Let Georgetown Realty help you finance a home in Portland.
When buying a home, the loan application is very stressful for many people, but it doesn't have to be.
Being connected to various lenders in the Portland area has helped me understand some things that can make the process of applying for a loan effortless.
1 – Organize a list of questions regarding your loan program
If you don't completely realize the pros and cons of the various loan programs, be sure to have a list of questions.
One of my lenders or I can assist you with understanding the advantages and disadvantages of each program, because it is a challenge to understand the characteristics of fixed and adjustable rate mortgages.
2 – Decide when to lock
By locking in an interest rate, a lender is holding to the mortgage interest rates for the loan – often at the time the loan application is submitted.
By floating the rate, you can lock the rate anytime between the day you apply for the loan and closing. Those who prefer to float believe that the interest rates will dip in the near future. Click here to see the outlook for the next 90 days of interest rates.
3 – Bring your paperwork
Getting a mortgage loan requires lots of paperwork, so you should spend some time getting all your documents together. Click here to get a feel for typical questions you'll have to answer on a loan app.
Getting your mortgage is just one part of a home purchase. Georgetown Realty is seasoned at assisting new and experienced in all areas of real estate. Call me today at 503-256-1112 if your needs include a real estate pro experienced at the business side of buying and selling.