
	Getting your mortgage is just one part of getting into a new home. Realty Executives Evergreen is experienced at assisting new and experienced in all areas of real estate. Call us today at (206) 686-1818 if your needs include a real estate pro ready for the business side of real estate.

Realty Executives Evergreen can assist you in applying for your loan in King County.

When buying a home, applying for a loan is stressful for many people, but it doesn't have to be. I have close relationships with several lending companies in the King County area, and they've helped me understand a few things that will make the loan application process very manageable.

1 – Compile a list of questions about your loan program

Be sure to bring a list of questions if you find that you don't thoroughly grasp the advantages and disadvantages of all the different loan programs. I or one of my lenders can help you understand the advantages and disadvantages of each program, because it's a challenge to know the distinctions between fixed and adjustable rate mortgages.

2 – Decide when you want to lock

When you lock in an interest rate, it signifies that a lender guarantees the mortgage interest rates for the loan – ordinarily at the time the loan application is submitted. By floating the rate, you can lock the rate anytime between the day you apply for the loan and the issuing of closing documents. Buyers who opt to float conclude that interest rates will plunge 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 rate

If you choose to pay additional points to lower the rate of your loan, you'll do so by paying for them in cash at the time of closing. Each point is 1 percent of the loan. Click here to use our points calculator. It will assist you with deciding if buying points is right for you.

4 – Compile your paperwork

Obtaining a mortgage loan requires a lot of paperwork, so you should spend some time getting all your documentation together. Click here to preview normal questions you'll have to answer on a loan app.

Realty Executives Evergreen 1640 N.W. Gilman Blvd B-4 Issaquah, WA 98027

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