
	Getting your loan locked down is just one part of a home purchase. Publix Realty is experienced at helping both new and experienced buyers alike in all areas of real estate. Call us today at 6308354042 if your needs include a professional REALTOR^® experienced at the business side of buying and selling.

Publix Realty can assist you with applying for your loan.

Stressed out about applying for a mortgage? You don't have to be. I've got great connections to several lenders in Chicago, and they've helped me recognize a few things that make the process of applying for a loan a breeze.

1 – Put together a list of questions regarding your loan program

Be sure you have a list of questions with you if you find that you don't entirely grasp the pros and cons of the various programs. I or one of my lenders will assist you in understanding the advantages and disadvantages of each program, because it's hard to understand the characteristics of fixed and adjustable rate mortgages.

2 – Determine when you want to lock

When you lock in an interest rate, it denotes that the lender keeps to the mortgage interest rates for the loan – generally at the time the loan application is sent in. By floating the rate, you can lock the rate anytime between application and issuance of closing documents. Those who elect to float conclude that interest rates will decline 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 mortgage loan, you will pay for them in cash at closing. Each point is 1 percent of the loan. To decide if buying points is the best option for you, click here to use our points calculator.

4 – Compile your paperwork

Obtaining a loan requires a lot of paperwork, so you should spend some time getting your documents together. Click here to preview normal information that goes on a loan application.

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