Getting your loan locked down is just one aspect of getting into a new home. Coldwell Banker Advantage is experienced at helping both new and experienced buyers alike in all areas of real estate. Call us today at 910.483.5353 if your needs include a real estate pro experienced at the business side of buying and selling.


Are you thinking about financing a new home in Fayetteville? Coldwell Banker Advantage can help.

Securing financing is one of the most demanding aspects of purchasing a house. But it doesn't have to be. I've got great connections to a lot of lending companies in Fayetteville, and they've helped me learn a few things that will make the process of applying for a loan a snap.

1 – Make a list of questions about your loan program

If you do not completely realize the pros and cons of the various programs, make sure you bring a list of questions with you. I or one of my lenders will be able to help you understand the advantages and disadvantages of each one, because it is a challenge to know the characteristics of both fixed and adjustable rate mortgages.

2 – Decide when to lock

When you lock in an interest rate, your mortgage lender is guaranteed to keep to the interest rates for the loan – typically at the time the loan application is presented. By floating the rate, you can lock the rate at any time between the day you apply for your loan and the issuing of closing documents. Those who prefer to float presume the interest rates will dip 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 decide to pay additional points to lower the interest rate of your mortgage loan, you will do so by paying for them in cash at the time of closing. Every point is 1 percent of the mortgage loan. Click here to use our points calculator. This tool will assist you in determining if buying points is right for you.

4 – Gather your paperwork

Acquiring a mortgage loan requires lots of paperwork, so you should take some time to get your documentation together. Click here to get a feel for common information that goes on a loan application.

Coldwell Banker Advantage 3800 Raeford Rd Fayetteville, NC 28304
Phone: Toll Free Phone: Cell: Fax:

First Time Buyers | Home Buyer Checklist | For Buyers | Real Estate Glossary | Selling Your Home | Home | Home Appreciation | Foreclosure Listings

Copyright © 2012 Coldwell Banker Advantage
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.