Getting your loan locked down is just one part of a real estate transaction. Re/Max Preferred Group is seasoned at aiding new and experienced in all areas of real estate. Call us today at 513.588.5298 if your needs include a professional REALTOR® experienced at the business side of real estate.


Looking to finance your new home? Re/Max Preferred Group can help.

Applying for a mortgage loan can be one of the most stressful aspects of buying a home. But it doesn't have to be. I have close professional relationships with some reputable lenders in the Cincinnati area, and they've helped me learn a few things that will make the loan application process very easy.

1 – Make a list of questions regarding your loan program

If you find that you don't thoroughly realize the advantages and disadvantages of all the various financing options, be sure you bring a list of questions with you. I or one of my lenders will be able to assist you with understanding the advantages and disadvantages of each one, because it is hard to know the differences between both fixed and adjustable rate mortgages.

2 – Decide when to lock

Locking in the rate signifies that a mortgage lender guarantees the interest rates for the loan – normally at the time the loan application is submitted. By floating the rate, you can lock the rate at any time between the day you apply for your loan and closing. Those who elect to float conclude the interest rates will plunge 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 interest rate

When you elect to pay additional points to lower the rate of your mortgage loan, you will pay for them in cash at the time of closing. Every point is 1 percent of the loan. Click here to use our points calculator. This tool will help you determine if purchasing points is the best option for you.

4 – Compile your paperwork

Acquiring a loan requires a lot of paperwork, so you should spend some time getting your documents together. Click here to get a feel for common information that goes on a loan application.

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