Securing financing is just one aspect of getting into a new home. Golden Gate Real Estate is seasoned at assisting new and experienced in all areas of real estate. Contact us if your needs include a real estate pro ready for the business side of buying and selling.

Are you going to finance a new home in Central Ohio?

Stressed out about getting financing for a home purchase? You don't have to be. We have close professional relationships with a lot of lenders in Central Ohio, and they've helped us learn a few things that can make the process of applying for a loan very easy.

1 – Create a list of questions about your loan program

Be sure you bring a list of questions if you don't entirely understand the pros and cons of all the various loan programs. One of our lender contacts or staff will assist you with understanding the advantages and disadvantages of each program, because it is a challenge to understand the differences between both fixed and adjustable rate mortgages.

2 – Decide when you want to lock

When you lock in an interest rate, it signifies that a mortgage lender keeps to the mortgage interest rates for the loan – most often at the time the loan application is received. By floating the rate, you can lock the rate at any time between the loan application day and issuance of closing documents. Buyers who choose to float presume that the interest rates will dip 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

If you elect to pay additional points to lower the interest rate of your mortgage loan, you'll do so by paying for them in cash at the time of closing. Every point is 1 percent of the loan. To determine if purchasing points is the best option for you, click here to use our points calculator.

4 – Gather your paperwork

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

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