
	Getting your loan locked down is just one aspect of a real estate transaction. The Nevius Team is experienced at aiding both new and experienced buyers alike in all areas of real estate. Contact us if your needs include a real estate pro experienced at the business side of real estate.

Applying for your loan in Edmond with help from The Nevius Team

For most people, securing the loan is one of the most demanding parts of buying a house. But it doesn't have to be. I have close business relationships with many mortgage lenders in the Edmond area, and they've helped me understand some things that will make the process of applying for a loan uncomplicated.

1 – Organize a list of questions regarding your loan program

If you do not thoroughly comprehend the ins and outs of all the different programs, make sure you bring a list of questions. I or one of my trusted lenders can help you understand the advantages and disadvantages of each program, because it's a challenge to know the characteristics of both fixed and adjustable rate mortgages.

2 – Determine when to lock

When you lock in a rate, it indicates that the lender holds to the mortgage interest rates for the loan – most often at the time the loan application is submitted. By floating the rate, you can lock the rate at any time between application and at the time of closing. Buyers who opt to float presume that interest rates will dip 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 reduce your rate

When you opt to pay additional points to lower the interest rate of your loan, you'll do so by paying for them in cash at the time of closing. Every point is 1 percent of the loan. Click here to use our points calculator. It will help you decide if buying points is right for you.

4 – Gather your paperwork

Getting a loan requires lots of paperwork, so you should spend some time getting all your documentation together. Click here to see normal questions you'll have to answer on a loan app.

We are never too busy to help you or someone you might refer to us. If you know of someone who would appreciate our services, please call us with their name and number and we will be happy to follow-up and take great care of them.

All information in this site is deemed reliable but is subject to verification.