Securing financing is just one aspect of a home purchase. Mary T. "Beth" Suggs is experienced at aiding new and experienced in all areas of real estate. Contact me if your needs include a real estate pro experienced at the business side of buying and selling.

Are you going to finance a home in Holden Beach? Mary T. "Beth" Suggs can help.

When buying a home, the loan application is very distressing for many people, but it doesn't have to be. Being connected to many lenders in Holden Beach has helped me learn some things that make the loan application process effortless.

1 – Create a list of questions regarding your loan program

If you find that you don't totally realize the advantages and disadvantages of all the various loan programs, be sure to bring a list of questions. One of my trusted lenders or I will assist you with understanding the advantages and disadvantages of each program, because it is hard to know the distinctions between fixed and adjustable rate mortgages.

2 – Decide when to lock

Locking in the rate designates that your mortgage lender keeps to the mortgage interest rates for the loan – generally at the time the loan application is sent in. By floating the rate, you can lock the rate at any time between the day you apply for your loan and issuance of closing documents. Those who prefer to float presume that interest rates will decline 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

Typically you can elect to pay additional points to lower the interest rate of your loan. Each point is 1 percent of the loan and is payable in cash at the time of closing. Click here to use my points calculator. It will help you determine if purchasing points is right for you.

4 – Bring your paperwork

Getting a mortgage loan requires a lot of paperwork, so you should spend some time getting your documents together. Click here to see normal information that goes on a loan application.

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