
	Securing financing is just one aspect of getting into a new home. Team Soltau Realty is experienced at helping both new and experienced buyers alike in all areas of real estate. Contact us if your needs include a professional REALTOR^® ready for the business side of real estate.

Team Soltau Realty can help you apply for your new home loan in Cumming.

Feeling lots of anxiety over applying for a mortgage? You don't have to be. Being connected to a lot of lending companies in the Cumming area has helped me learn a lot of the things that can make the process of applying for a loan easy.

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

If you do not entirely comprehend the pros and cons of the various financing options, be sure to bring a list of questions with you. It can be hard to understand the distinctions between fixed and adjustable rate mortgages. I or one of my lenders will help you understand the advantages and disadvantages of each program.

2 – Decide when to lock

When you lock in the interest rate, your mortgage lender is guaranteed to commit to the mortgage interest rates for the loan – typically 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 the issuing of closing documents. Buyers who elect to float presume that interest rates will plunge 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 lower your interest rate

Normally you can elect to pay additional points to lower the rate of your loan. Every point is 1 percent of the loan and is payable in cash at the time of closing. To determine if you should purchase points, click here to use our points calculator.

4 – Gather your paperwork

Acquiring a mortgage loan requires lots of paperwork, so you should take some time to get your documents together. Click here to see common questions you'll have to answer on a loan app.

Today's Rates:

Mtg Loan

Rate

APR

30-yr Fixed	3.87%	4%
15-yr Fixed	3.14%	3.31%
1-yr Adj	2.76%	3.42%

* national averages

Mortgage Calculator:

Sales Price:		$
Down:		%
Interest Rate:		%
Term:		yrs

Monthly payment:		$