Are you thinking about financing your new home in Burlington? Massey Real Estate can help.

For many people, applying for the mortgage loan can be one of the most distressing parts of buying a home. But it doesn't have to be. Being close with a lot of lenders in Burlington has helped me learn a few things that make the loan application process much easier.

1 – Make a list of questions about your loan program

Be sure you bring a list of questions if you don't entirely comprehend the pros and cons of the various loan programs. At times, it can be a challenge to understand the differences between fixed and adjustable rate mortgages. One of my trusted lenders or I can assist you with understanding the advantages and disadvantages of each.

2 – Decide when to lock

When you lock in an interest rate, the lender is guaranteed to keep to the interest rates for the loan – ordinarily at the time the loan application is submitted. By floating the rate, you can lock the rate at any time between the day of your loan application and closing. Buyers who prefer to float conclude 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 documentation together. Click here to preview normal information that goes on a loan application.

Need More Assistance?

Getting your mortgage is just one aspect of a real estate transaction. Massey Real Estate is seasoned at aiding both new and experienced buyers alike in all areas of real estate. Contact me if your needs include a professional REALTOR® experienced at the business side of real estate.

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