
	Getting your loan locked down is just one aspect of a home purchase. RE/MAX Omega Group is seasoned at assisting new and experienced in all areas of real estate. Contact us if your needs include a professional REALTOR^® experienced at the business side of real estate.

RE/MAX Omega Group can assist you in financing a new home in Manchester.

Stressed out about applying for a mortgage? You don't have to be. I've got great connections to a lot of mortgage lenders in the Manchester area, and they've helped me learn a few things that make the process of applying for a loan much easier.

1 – Organize a list of questions about your loan program

If you do not totally understand the ins and outs of the various financing options, make sure to bring a list of questions. I or one of my lenders can help you understand the advantages and disadvantages of each program, because it's a challenge to understand the characteristics of both fixed and adjustable rate mortgages.

2 – Decide when you want to lock

By locking in the rate, the lender is holding to the mortgage interest rates for the loan – ordinarily at the time the loan application is received. By floating the rate, you can lock the rate anytime between the day you apply for the loan and at the time of closing. Buyers who decide to float think interest rates will decline 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 closing. Click here to use our points calculator. It will assist you with determining if buying points is the best option for you.

4 – Compile your paperwork

Obtaining a mortgage loan requires a lot of paperwork, so you should spend some time getting all your documentation together. Click here to see typical questions you'll have to answer on a loan app.