Are you financing your home in Flowery Branch? JG Atlanta Properties, LLC. can help.

Applying for a mortgage loan is one of the most stressful parts of purchasing a house for a buyer, but it doesn't have to be. I'm pretty connected with a lot of lenders in the Flowery Branch area, and they've helped me understand some things that can make the process of applying for a loan a snap.

1 – Make a list of questions about your loan program

If you find that you don't entirely understand the advantages and disadvantages of the different loan programs, make sure you bring a list of questions. It's hard to understand the characteristics of fixed and adjustable rate mortgages. I or one of my trusted lenders will be able to assist you with understanding the advantages and disadvantages of both.

2 – Decide when to lock

Locking in the interest rate means that your lender guarantees 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 application and closing. Those who choose to float conclude the interest rates will drop 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 interest rate

Oftentimes you can choose to pay additional points to lower the rate of your mortgage loan. Each point is 1 percent of the loan and is payable in cash at the time of closing. Click here to use our points calculator. It will help you decide if buying points is the best option for you.

4 – Bring your paperwork

Getting a mortgage loan requires a lot of paperwork, so you should take some time to get all your documentation together. Click here to get a list of normal loan documentation.