Securing financing is just one part of getting into a new home. Coldwell Banker Pro IV is seasoned at helping 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.


Coldwell Banker Pro IV can assist you in applying for your new home loan in Rush City.

When buying a home, applying for a loan is very stressful for most people, but it doesn't have to be. I have close professional relationships with some reputable mortgage lenders in the area, and they've helped me understand a few things that will make the process of applying for a loan easy.

1 – Put together a list of questions regarding your loan program

Make sure you bring a list of questions if you find that you don't thoroughly understand the pros and cons of the various programs. 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 hard to understand the differences between fixed and adjustable rate mortgages.

2 – Determine when you want to lock

Locking in the interest rate denotes that a lender guarantees 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 anytime between the loan application day and at the time of closing. Those who opt to float believe interest rates will drop 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 reduce your rate

Usually you can decide to pay additional points to lower the rate of your mortgage 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 assist you in deciding if buying points is right for you.

4 – Gather your paperwork

Acquiring a loan requires lots of paperwork, so you should spend some time getting all your documentation together. Click here to see normal questions you'll have to answer on a loan app.

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