
	Securing financing is just one part of getting into a new home. Colonial Realty is experienced at helping both new and experienced buyers alike in all areas of real estate. Call us today at (918) 333-6500 if your needs include a real estate pro experienced at the business side of real estate.

Let Colonial Realty help you finance your home in Bartlesville.

For most people, applying for a loan can be one of the more stressful aspects of purchasing a home. But it doesn't have to be. I've got great connections to several lenders in Bartlesville, and they've helped me recognize some things that will make the loan application process a snap.

1 – Make a list of questions about your loan program

Be sure to have a list of questions if you find that you do not completely grasp the ins and outs of all the various loan programs. It can be hard to know the differences between both fixed and adjustable rate mortgages. I or one of my lender contacts can help you understand the advantages and disadvantages of both programs.

2 – Decide when to lock

By locking in the rate, your mortgage lender is guaranteeing the mortgage 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 the loan application day and at the time of closing. Buyers who prefer to float think that the 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 decrease your rate

Normally you can opt to pay additional points to lower the interest rate of your mortgage loan. Every point is 1 percent of the mortgage loan and is payable in cash at the time of closing. To decide if purchasing points is right for you, click here to use our points calculator.

4 – Compile your paperwork

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