
	Getting your mortgage is just one aspect of a home purchase. Priola Realty Company is experienced at helping both new and experienced buyers alike in all areas of real estate. Call us today at (337)855-7776 if your needs include a professional REALTOR^® ready for the business side of real estate.

Applying for your new home loan with the help of Priola Realty Company

For a lot of people, securing a loan can be one of the most stressful parts of purchasing a home. But it doesn't have to be. I have close working relationships with some reputable mortgage lenders in the Lake Charles area, and they've helped me understand a few things that will make the loan application process very manageable.

1 – Create a list of questions about your loan program

Make sure you have a list of questions with you if you find that you do not perfectly understand the advantages and disadvantages of all the different loan programs. At times, it can be hard to understand the differences between both fixed and adjustable rate mortgages. I or one of my lender contacts can help you understand the advantages and disadvantages of both programs.

2 – Determine when you want to lock

Locking in the interest rate indicates that a mortgage lender keeps 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 the loan and the issuing of closing documents. Those who elect to float think that the interest rates will drop 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 decrease your interest rate

Normally you can decide to pay additional points to lower the rate of your loan. Each point is 1 percent of the mortgage loan and is payable in cash at closing. Call today and we can see if this is right your type of loan.

4 – Bring your paperwork

Obtaining a loan requires a lot of paperwork, so you should spend some time getting your documentation together. Contact us for a list of the items you will need.

Priola Realty Company P O Box 12728 Lake Charles, LA 70612

Phone: Fax:

Copyright © 2012 Priola Realty Company
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.