Loan Application Checklist Camp Lejeune Real Estate - Ellen Hough Realtor Search all MLS listings here For many buyers, applying for the mortgage loan is one of the more stressful aspects of buying a home. The loan application need not be a stressful time. By following a few easy steps, you'll sail through the loan application process. Make a list of any questions you have about the loan program. Be sure you understand the advantages and disadvantages of the various mortgage programs for which you may qualify, including the advantages and disadvantages of Fixed Rate Mortgages versus Adjustable Rate Mortgages. Decide if you want to lock-in or float the loan's interest rate. Locking-in the rate means that the lender commits to the mortgage interest rate for the loan - typically at the time the loan application is submitted. By floating the rate, you can lock-in the interest rate anytime between the loan application day and closing. Buyers opt to "float the loan" when they believe interest rates will drop after their loan application date and prior to closing. The risk is that rather than dropping, interest rates may rise, increasing the mortgage payment. Decide if you want to pay additional points to lower your interest rate. Typically you can elect to pay additional points (each point is 1 percent of the mortgage loan payable in cash at closing) to lower the interest rate of your mortgage loan. Gather your paperwork. Click here to view a list of typical loan documentation. Want to find about locals schools?Click here Mortgage Calculator: Sales Price: $ Down: % Interest Rate: % Term: yrs Monthly payment: $ Today's Rates: Mtg Loan     Rate   APR 30-yr Fixed 6.52% 6.73% 15-yr Fixed 6.07% 6.39% 1-yr Adj 5.18% 6.43% * national averages Looking to Buy? Are you looking to buy a house? Let us help you. Just fill out as much of the information below that you want and we'll get right back to you, with no obligation to you. We guarantee your privacy.   Your Information *Name: *Email: Phone: Street Address: City: State: Country: Zip/Postal Code: Some Details When Are You Moving?: Where Are You Moving: Your Price Range?: Number of Bedrooms?: Number of Bathrooms?: Size In Square Feet?: Any Comments, Concerns, Or Questions: Note: Fields with an * are required

Ellen Hough Realtor / Broker - EXIT Realty Jacksonville NC - serving Jacksonville North Carolina and surrounding communities. EXIT Homeplace Realty with 5 offices in Wilmington NC, Burgaw NC, Hampstead NC, Surf City NC, Jacksonville NC. With over 100 agents we serve all communities in Coastal Eastern North Carolina. Our websites cover all the listings all the time from Cape Fear to Camp Lejeune.
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