Getting your mortgage is just one part of a home purchase. HEPLER REALTY LLC is seasoned at aiding both new and experienced buyers alike in all areas of real estate, we have experience getting buyers 203k loans, and working with USDA lenders. Call us today at 3369063417 if your needs include a real estate pro experienced at the business side of buying and selling.
Let Hepler Realty help you with financing a home in Thomasville.
Feeling lots of anxiety over applying for a mortgage? You don't have to be. I have close professional relationships with some reputable lending companies in the Thomasville area, and they've helped me understand some things that make the process of applying for a loan uncomplicated.
1 – Organize a list of questions about your loan program
If you do not totally understand the pros and cons of the various programs, make sure you have a list of questions. I or one of my lender contacts will be able to assist you in understanding the advantages and disadvantages of each program, because it's hard to understand the distinctions between fixed and adjustable rate mortgages. You are not alone. Everyone has questions so ask.
2 – Decide when to lock your rate. This is important!
When you lock in a rate, it denotes that the mortgage lender holds to the interest rates for the loan – usually at the time the loan application is submitted. By floating the rate, you can lock the rate at any time between the day you apply for your loan and closing. Those who prefer to float presume the interest rates will fall 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 rate
Normally you can decide to pay additional points to lower the rate of your loan. Every point is 1 percent of the loan and is payable in cash at closing. To decide if purchasing points is the best option for you, click here to use our points calculator.
4 – Compile your paperwork
Getting a loan requires a lot of paperwork, (and a blood sample) kidding.. you should take some time to get your arm, I mean your documentation together. Click here to get a feel for typical questions you'll have to answer on a loan app. And dont get frustrated, this process of asking for more and more information is normal, each transaction and buyer are different one buyer they may need two months of bank statements and the next buyer they may ask for 3 months of statements, just depends on the situation.
HEPLER REALTY LLC 33 Salem St Thomasville, NC 27360
