Are you going to finance a home in Tucson?
Feeling lots of anxiety over applying for a mortgage? You don't have to be.
We have close business relationships with a lot of lending companies in Tucson, and they've helped us understand a few things that make the process of applying for a loan effortless.
1 – Put together a list of questions regarding your loan program
If you do not entirely comprehend the pros and cons of all the various programs, be sure you have a list of questions with you.
Oftentimes, it can be hard to understand the distinctions between fixed and adjustable rate mortgages. One of our lenders or associates can help you understand the advantages and disadvantages of each program.
2 – Determine when you want to lock
Locking in a rate signifies that the lender guarantees the mortgage interest rates for the loan – typically at the time the loan application is sent in.
By floating the rate, you can lock the rate anytime between the loan application day and the issuing of closing documents. Buyers who prefer to float think the interest rates will decline in the near future. Click here to see the outlook for the next 90 days of interest rates.
3 – Bring your paperwork
Getting a loan requires lots of paperwork, so you should take some time to get your documents together. Click here to see common questions you'll have to answer on a loan app.
Need More Help?
Getting your mortgage is just one aspect of getting into a new home. Tierra Antigua Realty is seasoned at helping both new and experienced buyers alike in all areas of real estate. Contact us if your needs include a professional REALTOR® ready for the business side of real estate.