Securing financing is just one part of a real estate transaction. Park Place Real Estate is experienced at assisting new and experienced 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 your loan with the help of Park Place Real Estate

Stressed out about getting financing for a home purchase? You don't have to be. I have close relationships with many lenders in the Loveland area, and they've helped me realize some things that make the process of applying for a loan very easy.

1 – Compile a list of questions about your loan program

Make sure to have a list of questions if you find that you do not thoroughly grasp the ins and outs of all the different programs. It can be hard to know the differences between fixed and adjustable rate mortgages. I or one of my lender contacts can assist you in understanding the advantages and disadvantages of each one.

2 – Decide when you want to lock

When you lock in an interest rate, it designates that a mortgage lender guarantees the interest rates for the loan – typically at the time the loan application is received. By floating the rate, you can lock the rate at any time between application and at the time of closing. Buyers who opt to float conclude that interest rates will plunge 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 lower your interest rate

If you elect to pay additional points to lower the interest rate of your mortgage loan, you will pay for them in cash at closing. Every point is 1 percent of the loan. To decide if you should purchase points, click here to use our points calculator.

4 – Gather your paperwork

Acquiring a mortgage loan requires lots of paperwork, so you should take some time to get your documentation together. Click here to get a feel for common questions you'll have to answer on a loan app.
1635 Foxtrail Drive Loveland, CO 80538
Phone: Cell: Fax:

First Time Buyers | Home Buyer Checklist | For Buyers | News | Real Estate Glossary | Selling Your Home | Home | Home Appreciation | Foreclosure Listings

Copyright © 2012 Park Place Real Estate
Portions Copyright © 2012 a la mode, inc.
Another XSite by a la mode, inc. | Admin Login| Terms of Use| Site Map
All rate, payment, and area information are estimates and approximations only.



 
State:
County:
City:
Zip: