Getting your loan locked down is just one aspect of a home purchase. Manning Realty At The Beach is seasoned at helping both new and experienced buyers alike in all areas of real estate. Call me today at (843) 249-4994 if your needs include a real estate pro ready for the business side of buying and selling.

Let Manning Realty At The Beach help you with financing your home in North Myrtle Beach.

When buying a home, the loan application is very demanding for many people, but it doesn't have to be. I have excellent relationships with many lenders in North Myrtle Beach, and they've helped me understand some things that make the loan application process very manageable.

1 – Organize a list of questions regarding your loan program

Make sure you bring a list of questions with you if you find that you don't totally comprehend the pros and cons of the various programs. It is often a challenge to know the differences between both fixed and adjustable rate mortgages. One of my lender contacts or I will be able to help you understand the advantages and disadvantages of both.

2 – Decide when you want to lock

When you lock in the rate, a lender is sure to keep to the mortgage 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 the day of your loan application and closing. Buyers who decide to float presume that the interest rates will fall in the near future. Click here to see the outlook for the next 90 days of interest rates.

3 – Gather your paperwork

Obtaining a loan requires a lot of paperwork, so you should take some time to get your documents together. Click here to preview normal information that goes on a loan application.