Applying for your new home loan in Flowery Branch with the help of JG Atlanta Properties, LLC.

When buying a home, applying for financing is demanding for a lot of people, but it doesn't have to be. I have a close relationship with a lot of lenders in the Flowery Branch area, and they've helped me realize some things that make the loan application process pretty simple.

1 – Compose a list of questions regarding your loan program

If you do not completely comprehend the ins and outs of the different programs, make sure you have a list of questions with you. I or one of my lenders will be able to assist you with understanding the advantages and disadvantages of both programs, because it is hard to know the characteristics of both fixed and adjustable rate mortgages.

2 – Decide when to lock

Locking in means that a lender keeps to the interest rates for the loan – most often at the time the loan application is presented. By floating the rate, you can lock the rate anytime between the day of your loan application and issuance of closing documents. Those who choose to float conclude that interest rates will fall 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

Generally you can opt to pay additional points to lower the interest rate of your loan. Each point is 1 percent of the mortgage loan and is payable in cash at the time of closing. To determine if buying points is right for you, click here to use our points calculator.

4 – Compile your paperwork

Acquiring a loan requires lots of paperwork, so you should spend some time getting all your documentation together. Click here to get a list of normal loan documentation.