
	Getting your mortgage is just one aspect of a real estate transaction. Carol Jones Realtors is experienced at assisting both new and experienced buyers alike in all areas of real estate. Contact us if your needs include a real estate pro experienced at the business side of buying and selling.

Let Carol Jones Realtors assist you with applying for a loan in Branson.

Stressed out about getting financing for a home purchase? You don't have to be. I have close working relationships with various lenders in Branson, and they've helped me realize some things that will make the loan application process pretty simple.

1 – Compile a list of questions about your loan program

If you find that you don't entirely understand the pros and cons of the various programs, be sure you have a list of questions. I or one of my lender contacts can help you understand the advantages and disadvantages of both programs, because it's hard to understand the distinctions between both fixed and adjustable rate mortgages.

2 – Decide when to lock

By locking in the rate, the mortgage lender is keeping to the mortgage interest rates for the loan – normally at the time the loan application is received. By floating the rate, you can lock the rate anytime between the day you apply for the loan and at the time of closing. Buyers who decide to float believe interest rates will plunge in the near future. Click here to see the outlook for the next 90 days of interest rates.

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

If you elect to pay additional points to lower the rate of your loan, you will do so by paying for them in cash at closing. Every point is 1 percent of the loan. To determine if purchasing points is the best option for you, click here to use our points calculator.

4 – Compile your paperwork

Acquiring a mortgage loan requires a lot of paperwork, so you should spend some time getting your documents together. Click here to get a feel for normal questions you'll have to answer on a loan app.