
	Getting your mortgage is just one part of a home purchase. Benchmark Realty, LLC is seasoned at assisting new and experienced in all areas of real estate. Contact us if your needs include a professional REALTOR^® ready for the business side of real estate.

Are you thinking about financing your new home? Benchmark Realty, LLC can help.

When purchasing a home, applying for the mortgage loan is very demanding for many people, but it doesn't have to be. I have close business relationships with a lot of lending companies in the Brentwood area, and they've helped me realize a few things that make the loan application process pretty simple.

1 – Make a list of questions about your loan program

Make sure you have a list of questions with you if you find that you don't entirely comprehend the ins and outs of the various programs. It's hard to know the distinctions between both fixed and adjustable rate mortgages. I or one of my lender contacts will be able to assist you with understanding the advantages and disadvantages of both programs.

2 – Determine when you want to lock

By locking in an interest rate, the mortgage lender is committing to the mortgage interest rates for the loan – normally at the time the loan application is sent in. By floating the rate, you can lock the rate at any time between the day you apply for your loan and closing. Buyers who opt to float believe the interest rates will fall 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 reduce your rate

Oftentimes you can decide to pay additional points to lower the rate of your loan. Every point is 1 percent of the mortgage loan and is payable in cash at closing. Click here to use our points calculator. It will help you determine if purchasing points is the best option for you.

4 – Compile your paperwork

Obtaining a loan requires lots of paperwork, so you should spend some time getting your documents together. Click here to get a feel for common information that goes on a loan application.

Benchmark Realty, LLC 7127 Crossroads Blvd Ste 102 Brentwood, TN 37027-2827

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