Getting your mortgage is just one part of getting into a new home. Griffith Real Estate is seasoned at assisting both new and experienced buyers alike in all areas of real estate. Call us today at (662)843-0309 if your needs include a real estate pro ready for the business side of real estate.

Are you going to finance a new home in Cleveland? Griffith Real Estate can help.

When buying a home, applying for a loan is stressful for most people, but it doesn't have to be. I have close professional relationships with some reputable lenders in the Cleveland area, and they've helped me learn a few things that will make the loan application process uncomplicated.

1 – Put together a list of questions regarding your loan program

If you do not completely realize the ins and outs of all the various programs, make sure you bring a list of questions. It is often a challenge to know the distinctions between both fixed and adjustable rate mortgages. I or one of my lenders will assist you in understanding the advantages and disadvantages of each program.

2 – Determine when you want to lock

When you lock in a rate, it denotes that your lender commits to the mortgage interest rates for the loan – commonly at the time the loan application is submitted. By floating the rate, you can lock the rate anytime between the loan application day and closing. Buyers who choose to float presume the 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 lower your rate

When you elect to pay additional points to lower the interest rate of your mortgage loan, you will pay for them in cash at closing. Each point is 1 percent of the loan. To determine if buying points is the best option for you, click here to use our points calculator.

4 – Bring your paperwork

Getting a loan requires a lot of paperwork, so you should take some time to get your documents together. Click here to get a feel for normal questions you'll have to answer on a loan app.