
	Securing financing is just one aspect of a real estate transaction. Re/Max of Boulder is experienced at assisting both new and experienced buyers alike in all areas of real estate. Contact us if your needs include a professional REALTOR^® experienced at the business side of real estate.

Re/Max of Boulder can help you with financing a new home.

Stressed out about applying for a mortgage? You don't have to be. I have excellent relationships with a lot of lenders in Boulder, and they've helped me recognize a few things that can make the loan application process uncomplicated.

1 – Organize a list of questions regarding your loan program

Be sure you have a list of questions if you don't completely comprehend the pros and cons of all the various loan programs. I or one of my lenders will be able to assist you in understanding the advantages and disadvantages of each one, because it can be a challenge to know the characteristics of both fixed and adjustable rate mortgages.

2 – Determine when to lock

By locking in the interest rate, the lender is holding to the mortgage interest rates for the loan – typically at the time the loan application is received. By floating the rate, you can lock the rate anytime between the day you apply for your loan and at the time of closing. Those who decide to float conclude the interest rates will decline 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 elect to pay additional points to lower the interest rate of your loan. Every point is 1 percent of the mortgage loan and is payable in cash at the time of closing. Click here to use our points calculator. It will assist you in determining if buying points is the best option for you.

4 – Bring your paperwork

Getting a mortgage loan requires lots of paperwork, so you should spend some time getting all your documents together. Click here to preview common information that goes on a loan application.