
	Securing financing is just one aspect of a real estate transaction. Sandra Grenell is seasoned at aiding both new and experienced buyers alike in all areas of real estate. Contact us if your needs include a professional REALTOR^® experienced at the business side of buying and selling.

Are you thinking about financing your home? Sandra Grenell can help.

For a lot of people, applying for a loan is one of the more troublesome aspects of buying a house. But it doesn't have to be. Being close to some mortgage lenders in Honolulu has helped me understand a few things that make the loan application process a breeze.

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

Be sure you bring a list of questions with you if you do not entirely comprehend the ins and outs of all the various loan programs. I or one of my lenders will assist you in understanding the advantages and disadvantages of each one, because it's hard to know the characteristics of fixed and adjustable rate mortgages.

2 – Determine when to lock

Locking in the rate signifies that your mortgage lender guarantees the interest rates for the loan – commonly at the time the loan application is submitted. By floating the rate, you can lock the rate anytime between application and issuance of closing documents. Those who opt to float conclude the interest rates will dip 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 reduce your rate

When you decide to pay additional points to lower the rate of your mortgage loan, you will pay for them in cash at closing. Every point is 1 percent of the loan. If you're unsure as to whether or not buying points is the best option for you, click here to use our points calculator.

4 – Compile your paperwork

Acquiring 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.