Smart Partners Realty 

Advice for Securing Financing

Stressed out about getting financing for a home purchase? You don't have to be. We have close working relationships with top lenders in the Triangle area, who can bring clarity to the loan process. Contact us today at (919) 412-8592 if you would like professional help with buying or selling your largest financial asset.

How to Begin the Loan Process

1 – Make a list of questions your lender

To learn all about the pros and cons of all the various financing options, be sure you have a list of questions with you. Your lender will assist you with understanding the advantages and disadvantages of each program, to ultimately find the best loan program to fit your needs.

2 – Determine when to lock

Locking in signifies that your mortgage lender keeps an agreed mortgage interest rates for your loan at the time of closing– ordinarily at the time the loan application is accepted. If you choose to float the rate, you can lock the rate anytime between the day of your loan application and at the time of closing. Those who elect to float the rate believe the interest rates will drop in the near future. 

3 – Determine if you want to pay additional points to decrease your interest rate

When you choose to pay additional points to lower the rate of your mortgage loan, you will pay for them at the time of closing. Each point is approximately 1 percent of the mortgage loan. Click here to use our points calculator. It will help you determine if buying points is the best option for you.

4 – Collect and organize your paperwork

Obtaining a loan requires lots of paperwork, so you should spend some time getting your documents together. Click here to get a feel for the typical information that is required for your loan application.