Stressed out about getting financing for a home purchase? You don't have to be.
We have close relationships with some reputable mortgage lenders in the Wilmington area, and they've helped us realize a few things that will make the loan application process uncomplicated.
If you find that you do not entirely comprehend the advantages and disadvantages of all the different programs, be sure to have a list of questions.
One of our lenders or staff will be able to assist you with understanding the advantages and disadvantages of each one, because it's a challenge to know the differences between both fixed and adjustable rate mortgages.
When you lock in the rate, the lender is sure to commit 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 at any time between application and closing. Buyers who decide to float think the interest rates will decline in the near future. Click here to see the outlook for the next 90 days of interest rates.
Getting a loan requires a lot of paperwork, so you should take some time to get all your documentation together. Click here to preview normal questions you'll have to answer on a loan app.
Do you have a question? We can help. Simply fill out the form below and we'll contact you with the answer, with no obligation to you. We guarantee your privacy.