
	Getting your mortgage is just one part of a home purchase. ZIPWORLD REALTY is experienced at assisting both new and experienced buyers alike in all areas of real estate. Call us today at 623-572-7845 if your needs include a real estate pro ready for the business side of real estate.

Do you want to finance your new home in asap? ZIPWORLD REALTY can help.

For a lot of people, applying for the mortgage loan can be one of the more demanding parts of buying a house. But it doesn't have to be. I have close professional relationships with a lot of lending companies in the asdf area, and they've helped me learn a few things that will make the loan application process much easier.

1 – Create a list of questions about your loan program

Be sure to bring a list of questions if you find that you don't fully understand the advantages and disadvantages of the different loan programs. Oftentimes, it can be a challenge to understand the characteristics of both fixed and adjustable rate mortgages. I or one of my lender contacts will be able to help you understand the advantages and disadvantages of each one.

2 – Decide when you want to lock

By locking in a rate, your mortgage lender is committing to the interest rates for the loan – most 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 issuance of closing documents. Buyers who decide to float think the 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 decrease your rate

Normally you can decide to pay additional points to lower the rate of your mortgage loan. Each point is 1 percent of the loan and is payable in cash at closing. To determine if you should buy points, click here to use our points calculator.

4 – Gather your paperwork

Acquiring a loan requires lots of paperwork, so you should take some time to get your documents together. Click here to see typical information that goes on a loan application.