
	Getting your loan locked down is just one part of a real estate transaction. Bluewater Real Estate is seasoned at aiding new and experienced in all areas of real estate. Contact us if your needs include a real estate pro experienced at the business side of real estate.

Let Bluewater Real Estate help you with financing your home.

Feeling lots of anxiety over getting financing for a home purchase? You don't have to be. I've got great connections to a lot of mortgage lenders in Morehead City, Atlantic Beach, Emerald Isle, Newport, New Bern, Havelock and they've helped me learn some things that will make the loan application process very easy.

1 – Organize a list of questions about your loan program

Be sure you have a list of questions with you if you find that you don't totally grasp the advantages and disadvantages of the various loan programs. I or one of my trusted lenders will be able to help you understand the advantages and disadvantages of both programs, because it's hard to understand the distinctions between fixed and adjustable rate mortgages.

2 – Determine when you want to lock

Locking in the interest rate signifies that a lender holds to the interest rates for the loan – generally at the time the loan application is sent in. By floating the rate, you can lock the rate anytime between application and the issuing of closing documents. Buyers who choose to float think the interest rates will decline in the near future. Click here to see the outlook for the next 90 days of interest rates.

3 – Decide if you want to pay additional points to decrease your interest rate

When you opt to pay additional points to lower the rate of your mortgage loan, you will pay for them in cash at the time of closing. Each point is 1 percent of the mortgage loan. If you're undecided as to whether or not purchasing points is the best option for you, click here to use our points calculator.

4 – Bring your paperwork

Acquiring a loan requires lots of paperwork, so you should take some time to get your documents together. Click here to preview general information that goes on a loan application.