Securing financing is just one part of getting into a new home. Robinson Sotheby's International Realty is seasoned at helping both new and experienced buyers alike in all areas of real estate. Call us today at 513.321.6000 if your needs include a real estate pro ready for the business side of buying and selling. Applying for a new home loan When purchasing a home, applying for financing is very stressful for a lot of people, but it doesn't have to be. Being close to a lot of lending companies in the Cincinnati area has helped me understand a lot of the things that will make the loan application process much easier. 1 – Organize a list of questions regarding your loan program If you don't entirely comprehend the ins and outs of all the different programs, make sure to bring a list of questions. It's a challenge understanding the differences between both fixed and adjustable rate mortgages. I or one of my trusted lenders can assist you in understanding the advantages and disadvantages of each one. 2 – Determine when you want to lock When you lock in an interest rate, the lender is sure to commit to the interest rates for the loan – generally at the time the loan application is presented. By floating the rate, you can lock the rate at any time between the day you apply for the loan and closing. Buyers who choose to float presume 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 rate Oftentimes 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 closing. Click here to use our points calculator. This tool will assist you with determining if purchasing points is the best option for you. 4 – Compile your paperwork Obtaining a loan requires lots of paperwork, so you should take some time to get all your documents together. Click here to preview normal information that goes on a loan application.   Cincinnati Sotheby's International Realty, Homes for Sale, Condos for Sale, Downtown Cincinnati Lofts For Sale, Multi-Family Dwellings for sale, Northern Kentucky Homes, Condos, Lofts For Sale.

Robinson Sotheby's International Realty®
2724 Observatory Ave - Cincinnati, OH 45208-2108
Phone: 513.321.6000   Fax: 513.842.2244
e-mail: Homes@RobinsonSIR.com

Robinson Sotheby's International Realty is licensed in the States of Ohio and Kentucky.

 Sotheby’s International Realty® is a registered trademark licensed to Sotheby’s International Realty Affiliates LLC. Each Office is Independently Owned and Operated.

The information herein is supplied by several sources and is subject to change without notice. All properties are subject to prior sale, change, or withdrawl. Neither listing broker(s) or information provider(s) shall be responsible for typographical errors, misinformation, misprints, and shall be held totally harmless.