Let Sheila Newton Team help you apply for a home loan in Anderson, Greenville, or all surrounding areas.

Applying for a loan can be one of the more stressful elements of purchasing a house. But it doesn't have to be. We have close working relationships with several lenders in the Upstate area, and they've helped us realize a few things that can make the process of applying for a loan uncomplicated.

1 – Create a list of questions about your loan program

If you find that you don't fully realize the ins and outs of all the various programs, make sure you have a list of questions. Oftentimes, it can be a challenge to understand the distinctions between fixed and adjustable rate mortgages. One of our lenders or associates will help you understand the advantages and disadvantages of both.

2 – Decide when you want to lock

When you lock in an interest rate, it means that the lender guarantees the interest rates for the loan – typically at the time the loan application is presented. By floating the rate, you can lock the rate anytime between application and issuance of closing documents. Buyers who elect 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 – Compile your paperwork

Getting a mortgage loan requires a lot of paperwork, so you should spend some time getting all your documentation together. Click here to get a feel for typical information that goes on a loan application.

Have More Questions?

Getting your loan locked down is just one aspect of getting into a new home. Sheila Newton Team is experienced at assisting new and experienced in all areas of real estate. Contact us if your needs include a real estate pro ready for the business side of buying and selling.

Looking to Buy?

Are you looking to buy a house? Let us help you. Just fill out as much of the information below that you want and we'll get right back to you, with no obligation to you. We guarantee your privacy.

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