
	Getting your loan locked down is just one aspect of getting into a new home. BrandName Real Estate, LLC is experienced at helping new and experienced in all areas of real estate. Call us today at (843) 834 - 3027 if your needs include a real estate pro ready for the business side of real estate.

BrandName Real Estate, LLC can help you finance a home in Charleston.

When buying a home, applying for a loan is very troublesome for many people, but it doesn't have to be. Being close with several lending companies in the Charleston area has helped me learn some things that can make the process of applying for a loan pretty simple.

1 – Organize a list of questions regarding your loan program

If you do not perfectly comprehend the ins and outs of the various financing options, make sure you bring a list of questions with you. It is often hard to know the characteristics of both fixed and adjustable rate mortgages. I or one of my lender contacts can assist you with understanding the advantages and disadvantages of each one.

2 – Decide when to lock

When you lock in a rate, it denotes that your mortgage lender commits to the mortgage interest rates for the loan – generally at the time the loan application is submitted. By floating the rate, you can lock the rate anytime between application and at the time of closing. Those who choose to float think the interest rates will fall 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 rate of your mortgage loan, you'll do so by paying for them in cash at the time of closing. Each point is 1 percent of the mortgage loan. If you're unsure as to whether or not purchasing points is right for you, click here to use our points calculator.

4 – Gather your paperwork

Obtaining a loan requires lots of paperwork, so you should take some time to get your documentation together. Click here to see common information that goes on a loan application.