
	Securing financing is just one part of a home purchase. United Country Palmer Real Estate is experienced at helping both new and experienced buyers alike in all areas of real estate. Contact us if your needs include a real estate pro experienced at the business side of real estate.

Do you wish to finance a new home in Marathon?

Securing a mortgage loan is one of the most demanding aspects of purchasing a home. But it doesn't have to be. I have close working relationships with various lending companies in Marathon, and they've helped me learn a few things that will make the process of applying for a loan pretty simple.

1 – Make a list of questions about your loan program

Make sure to have a list of questions with you if you find that you do not completely grasp the ins and outs of the different loan programs. Oftentimes, it can be hard to know the distinctions between fixed and adjustable rate mortgages. I or one of my trusted lenders will assist you in understanding the advantages and disadvantages of each program.

2 – Determine when you want to lock

Locking in a rate denotes that a lender holds to the interest rates for the loan – often at the time the loan application is received. By floating the rate, you can lock the rate anytime between the day you apply for your loan and issuance of closing documents. Buyers who elect to float conclude interest rates will drop 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 reduce your rate

Normally you can opt to pay additional points to lower the rate of your loan. Each point is 1 percent of the mortgage loan and is payable in cash at the time of closing. Click here to use our points calculator. It will assist you in determining if buying points is right for you.

4 – Gather your paperwork

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