Getting your mortgage is just one part of a home purchase. Lacroix Associates, LLC is seasoned at aiding both new and experienced buyers alike in all areas of real estate. Call me today at 8028787886 if your needs include a professional REALTOR® ready for the business side of real estate.

Are you thinking of financing a new home in Williston? Lacroix Associates, LLC can help.

When buying a home, the mortgage loan application is distressing for many people, but it doesn't have to be. I have close relationships with a lot of mortgage lenders in Williston, and they've helped me recognize some things that will make the loan application process much easier.

1 – Compose a list of questions regarding your loan program

Be sure to have a list of questions if you do not completely comprehend the pros and cons of the various loan programs. One of my trusted lenders or I will be able to assist you with understanding the advantages and disadvantages of each one, because it's a challenge to know the differences between fixed and adjustable rate mortgages.

2 – Decide when to lock

By locking in a rate, your mortgage lender is keeping to the interest rates for the loan – normally at the time the loan application is received. By floating the rate, you can lock the rate anytime between the day of your loan application and issuance of closing documents. Buyers who decide to float conclude that the interest rates will plunge 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 interest rate

When you opt to pay additional points to lower the rate of your loan, you will pay for them in cash at closing. Every point is 1 percent of the loan. Click here to use my points calculator. It will assist you in deciding if purchasing points is right for you.

4 – Gather your paperwork

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