Rob Robbins can assist you with applying for your home loan in Branson.

Applying for the mortgage loan is one of the most demanding elements of purchasing a home, but it doesn't have to be. Having connections to several lenders in Branson has helped me recognize some things that will make the loan application process very manageable.

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

Make sure to bring a list of questions if you don't totally understand the ins and outs of the different programs. I or one of my lenders will be able to assist you in understanding the advantages and disadvantages of each one, because it's hard to understand the distinctions between both fixed and adjustable rate mortgages.

2 – Decide when you want to lock

By locking in an interest rate, a mortgage lender is keeping 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 issuance of closing documents. Those who decide to float think that interest rates will fall in the near future. Click here to see the outlook for the next 90 days of interest rates.

3 – Determine if you want to pay additional points to reduce your rate

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

4 – Gather your paperwork

Acquiring a mortgage loan requires a lot of paperwork, so you should take some time to get all your documentation together. Click here to get a list of normal loan documentation.

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