Feeling lots of anxiety over applying for a mortgage? You don't have to be. We have excellent relationships with several lending companies in Harmony, and they've helped us recognize a few things that make the loan application process very manageable.
If you find that you don't thoroughly understand the advantages and disadvantages of the various loan programs, be sure to bring a list of questions with you. One of our lenders or staff will be able to assist you in understanding the advantages and disadvantages of each one, because it can be hard to know the differences between fixed and adjustable rate mortgages.
By locking in the interest rate, a mortgage lender is keeping to the mortgage interest rates for the loan – typically at the time the loan application is presented. By floating the rate, you can lock the rate at any time between application and the issuing of closing documents. Those who prefer to float think the interest rates will dip in the near future. Click here to see the outlook for the next 90 days of interest rates.
When you opt to pay additional points to lower the rate of your loan, you will do so by paying for them in cash at closing. Each point is 1 percent of the loan. Click here to use our points calculator. It will assist you in deciding if buying points is right for you.
Getting a mortgage loan requires lots of paperwork, so you should take some time to get your documentation together. Click here to see typical questions you'll have to answer on a loan app.
Are you looking to buy a house? Let us help you. Just fill out as much of the information below that you want and we'll get right back to you, with no obligation to you. We guarantee your privacy.