Securing financing is just one aspect of a home purchase. The Real Estate Shoppe is seasoned at aiding new and experienced in all areas of real estate. Call us today at 336 625 1100 if your needs include a real estate pro ready for the business side of real estate.

The Real Estate Shoppe can help you apply for a new home loan in Asheboro.

For many people, applying for financing can be one of the most distressing parts of purchasing a house. But it doesn't have to be. We have close professional relationships with many lenders in Asheboro, and they've helped us realize some things that can make the loan application process effortless.

1 – Put together a list of questions regarding your loan program

If you don't thoroughly realize the ins and outs of the various financing options, make sure to bring a list of questions with you. One of our trusted lenders or staff will be able to help you understand the advantages and disadvantages of each one, because it can be a challenge to understand the characteristics of both fixed and adjustable rate mortgages.

2 – Determine when you want to lock

Locking in a rate means that your lender guarantees the mortgage interest rates for the loan – commonly at the time the loan application is sent in. By floating the rate, you can lock the rate anytime between the day of your loan application and issuance of closing documents. Those who choose to float think the interest rates will drop in the near future. Click here to see the outlook for the next 90 days of interest rates.

3 – Bring your paperwork

Getting a mortgage loan requires lots of paperwork, so you should spend some time getting all your documents together. Click here to see general information that goes on a loan application.