Getting your mortgage is just one aspect of a home purchase. RE/MAX Heart of America is experienced at aiding both new and experienced buyers alike in all areas of real estate. Contact us if your needs include a real estate pro ready for the business side of real estate.


Applying for your new home loan in Rolla with the help of RE/MAX Heart of America

When purchasing a home, applying for a loan is very distressing for most people, but it doesn't have to be. I've got great connections to various mortgage lenders in Rolla, and they've helped me recognize a few things that make the loan application process a breeze.

1 – Assemble a list of questions regarding your loan program

If you find that you don't completely understand the advantages and disadvantages of the various financing options, make sure you bring a list of questions with you. Oftentimes, it can be hard to know the differences between fixed and adjustable rate mortgages. I or one of my lenders will be able to help you understand the advantages and disadvantages of each.

2 – Decide when to lock

When you lock in a rate, a mortgage lender is sure to commit to the mortgage interest rates for the loan – usually at the time the loan application is presented. By floating the rate, you can lock the rate anytime between the loan application day and at the time of closing. Buyers who opt to float think that 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 interest rate

When you decide to pay additional points to lower the rate of your loan, you'll do so by paying for them in cash at closing. Each point is 1 percent of the mortgage loan. Click here to use our points calculator. This tool will help you decide if buying points is right for you.

4 – Gather your paperwork

Acquiring a loan requires a lot of paperwork, so you should spend some time getting all your documentation together. Click here to see normal information that goes on a loan application.
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