Getting your loan locked down is just one part of a real estate transaction. RE/MAX The Pitchford Group is experienced at assisting both new and experienced buyers alike in all areas of real estate. Call us today at (517) 622-0600 if your needs include a professional REALTOR® ready for the business side of buying and selling.


Let RE/MAX The Pitchford Group help you with financing a home in Grand Ledge.

Securing a loan is one of the more distressing elements of buying a house. But it doesn't have to be. Being connected to many mortgage lenders in the Grand Ledge area has helped me recognize a lot of the things that can make the process of applying for a loan easy.

1 – Compile a list of questions about your loan program

If you don't thoroughly understand the advantages and disadvantages of the different financing options, make sure you bring a list of questions with you. It is hard to know the distinctions between fixed and adjustable rate mortgages. I or one of my lender contacts will assist you in understanding the advantages and disadvantages of both programs.

2 – Decide when to lock

Locking in an interest rate means that your lender holds to the interest rates for the loan – usually at the time the loan application is received. By floating the rate, you can lock the rate at any time between the day of your loan application and at the time of closing. Those who elect 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 – Decide if you want to pay additional points to reduce your rate

When you choose to pay additional points to lower the interest rate of your mortgage loan, you'll pay for them in cash at closing. Every point is 1 percent of the loan. To determine if you should purchase points, click here to use our points calculator.

4 – Compile your paperwork

Obtaining a loan requires lots of paperwork, so you should take some time to get all your documents together. Click here to get a feel for normal information that goes on a loan application.

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