Securing financing is just one aspect of a home purchase. Westbank Realty is seasoned at aiding new and experienced in all areas of real estate. Contact me if your needs include a professional REALTOR^® experienced at the business side of buying and selling.

1 – Assemble a list of questions regarding your loan program

If you find that you don't totally realize the ins and outs of all the different loan programs, be sure you have a list of questions with you. At times, it can be hard to know the differences between fixed and adjustable rate mortgages. One of my lender contacts or I will be able to assist you in understanding the advantages and disadvantages of each program.

2 – Determine when you want to lock

When you lock in an interest rate, the lender is guaranteed to commit to the mortgage interest rates for the loan – commonly at the time the loan application is presented. By floating the rate, you can lock the rate anytime between the day you apply for your loan and the issuing of closing documents. Those who choose to float think that interest rates will drop in the near future. Click here to see the outlook for the next 90 days of interest rates.

3 – Bring your paperwork

Acquiring a mortgage loan requires a lot of paperwork, so you should spend some time getting all your documents together. Click here to preview common questions you'll have to answer on a loan app.