Are you going to finance a home? Avenue Realty Group can help.

Feeling lots of anxiety over applying for a mortgage? You don't have to be. I have close business relationships with various mortgage lenders in the Alexandria area, and they've helped me recognize some things that make the process of applying for a loan a snap.

1 – Assemble a list of questions about your loan program

If you do not fully realize the pros and cons of all the various loan programs, be sure to have a list of questions. Oftentimes, it can be a challenge to understand the distinctions between both fixed and adjustable rate mortgages. One of my trusted lenders or I will assist you in understanding the advantages and disadvantages of both.

2 – Decide when you want to lock

By locking in the rate, the mortgage lender is committing to the interest rates for the loan – normally at the time the loan application is submitted. By floating the rate, you can lock the rate at any time between the day you apply for the loan and at the time of closing. Those who opt to float conclude interest rates will decline in the near future. Click here to see the outlook for the next 90 days of interest rates.

3 – Compile your paperwork

Obtaining a mortgage loan requires a lot of paperwork, so you should spend some time getting all your documentation together. Click here to see typical information that goes on a loan application.

Need Assistance?

Securing financing is just one aspect of a real estate transaction. The Avenue Realty Group is experienced at helping new and experienced in all areas of real estate. Call us today at 703.909.6067 if your needs include a real estate pro ready for the business side of real estate.

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Fairfax Realty of Tysons

8300 Boone Blvd. Suite 830
Vienna, VA 22182