
	Getting your loan locked down is just one aspect of getting into a new home. HUNTLEY REALTY is seasoned at assisting both new and experienced buyers alike in all areas of real estate. Call us today at 847.977.4972 if your needs include a real estate pro ready for the business side of buying and selling.

Applying for your home loan in Huntley

For most people, securing a mortgage loan can be one of the more demanding parts of buying a house. But it doesn't have to be. I have close business relationships with various lending companies in the Huntley area, and they've helped me recognize a few things that can make the loan application process much easier.

1 – Compose a list of questions regarding your loan program

Be sure to have a list of questions with you if you find that you don't fully grasp the pros and cons of all the various programs. I or one of my trusted lenders can assist you with understanding the advantages and disadvantages of both programs, because it can be a challenge to know the distinctions between both fixed and adjustable rate mortgages.

2 – Determine when you want to lock

When you lock in the interest rate, it designates that a mortgage lender holds to the interest rates for the loan – typically at the time the loan application is presented. By floating the rate, you can lock the rate at any time between the loan application day and closing. Buyers who opt to float believe that the interest rates will decline 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 lower your rate

Typically you can decide to pay additional points to lower the rate of your mortgage loan. Every point is 1 percent of the mortgage loan and is payable in cash at closing. To decide if buying points is right for you, click here to use our points calculator.

4 – Compile your paperwork

Obtaining a loan requires lots of paperwork, so you should spend some time getting your documents together. Click here to get a feel for typical questions you'll have to answer on a loan app.

HUNTLEY REALTY 13320 Village Green Drive Huntley, IL 60142

Phone: Cell: Fax:

Copyright © 2012 HUNTLEY REALTY
Portions Copyright © 2012 a la mode, inc.
Another XSite by a la mode, inc. | Admin Login| Terms of Use| Site Map
All rate, payment, and area information are estimates and approximations only.