
	Securing financing is just one aspect of a home purchase. Villar & Co. Real Estate is seasoned at assisting new and experienced in all areas of real estate. Contact us if your needs include a real estate pro ready for the business side of real estate.

Thinking of financing your new home in Prairieville? Villar & Co. Real Estate can help.

When purchasing a home, applying for the mortgage loan is stressful for most people, but it doesn't have to be. I have close working relationships with many lenders in the Prairieville area, and they've helped me understand some things that make the loan application process pretty simple.

1 – Compose a list of questions about your loan program

Be sure you have a list of questions with you if you find that you don't entirely comprehend the pros and cons of all the various programs. It can be hard to understand the characteristics of both fixed and adjustable rate mortgages. I or one of my lender contacts can help you understand the advantages and disadvantages of each program.

2 – Determine when to lock

When you lock in the rate, a lender is guaranteed to hold to the interest rates for the loan – generally at the time the loan application is presented. By floating the rate, you can lock the rate at any time between application and closing. Buyers who decide to float think that interest rates will dip 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 decrease your rate

If you choose to pay additional points to lower the rate of your mortgage loan, you'll do so by paying for them in cash at closing. Each point is 1 percent of the loan. Click here to use our points calculator. This tool will assist you in determining if buying points is the best option for you.

4 – Compile your paperwork

Obtaining a mortgage loan requires lots of paperwork, so you should take some time to get all your documentation together. Click here to get a feel for general questions you'll have to answer on a loan app.