Getting your mortgage is just one part of a real estate transaction. Carolina One Real Estate is experienced at helping new and experienced in all areas of real estate. Call us today at 843.270.9399 if your needs include a professional REALTOR® experienced at the business side of buying and selling.
Do you want to finance your new home in Charleston?
For most people, securing financing is one of the more demanding parts of purchasing a home. But it doesn't have to be. Being close to many lenders in the Charleston area has helped us understand a few things that can make the process of applying for a loan easy.
1 – Organize a list of questions regarding your loan program Be sure you bring a list of questions if you don't entirely comprehend the advantages and disadvantages of the various loan programs. One of our lenders or staff can help you understand the advantages and disadvantages of each program, because it can be a challenge to know the differences between both fixed and adjustable rate mortgages.
2 – Decide when to lock When you lock in a rate, it designates that a mortgage lender commits to the interest rates for the loan – normally at the time the loan application is submitted. By floating the rate, you can lock the rate anytime between the loan application day and closing. Buyers who decide to float presume that the interest rates will drop in the near future. Click here
to see the outlook for the next 90 days of interest rates.
3 – Compile your paperwork Obtaining a loan requires lots of paperwork, so you should spend some time getting all your documents together. Click here
to see general information that goes on a loan application