
	Securing financing is just one part of getting into a new home. Neal Sherk-North Eastern Group Realty is seasoned at helping new and experienced in all areas of real estate. Call us today at (260)341-0714 if your needs include a professional REALTOR^® experienced at the business side of real estate.

Are you financing a home? Neal Sherk-North Eastern Group Realty can help.

Stressed out about applying for a mortgage? You don't have to be. I've got great connections to various mortgage lenders in the Fort Wayne area, and they've helped me recognize some things that will make the loan application process uncomplicated.

1 – Make a list of questions regarding your loan program

Make sure you bring a list of questions with you if you don't fully grasp the pros and cons of all the various loan programs. I or one of my lender contacts can assist you in understanding the advantages and disadvantages of each program, because it is a challenge to know the characteristics of fixed and adjustable rate mortgages.

2 – Decide when to lock

When you lock in a rate, it designates that the mortgage lender guarantees the mortgage interest rates for the loan – usually 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. Those who choose to float think that the interest rates will plunge 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 lower your interest rate

Normally you can decide to pay additional points to lower the interest rate of your loan. Each point is 1 percent of the mortgage loan and is payable in cash at closing. Click here to use our points calculator. This tool will help you decide if buying points is the best option for you.

4 – Gather your paperwork

Acquiring a loan requires lots of paperwork, so you should spend some time getting your documents together. Click here to see common questions you'll have to answer on a loan app.