Let Piedmont Realty Inc help you apply for your home loan in Piedmont.

Applying for a loan can be one of the most stressful aspects of buying a home for a buyer, but it doesn't have to be. I have a close business relationship with many mortgage lenders in the Piedmont area, and they've helped me realize some things that will make the process of applying for a loan easy.

1 – Put together a list of questions regarding your loan program

Be sure you have a list of questions if you find that you don't totally realize the pros and cons of all the different loan programs. I or one of my lender contacts will be able to assist you with understanding the advantages and disadvantages of each one, because it can be a challenge to understand the differences between both fixed and adjustable rate mortgages.

2 – Decide when to lock

When you lock in an interest rate, your mortgage lender is sure to commit to the interest rates for the loan – most often at the time the loan application is received. By floating the rate, you can lock the rate at any time between the loan application day and closing. Those who prefer to float conclude that 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 reduce your rate

If you opt to pay additional points to lower the rate of your loan, you'll pay for them in cash at closing. Each 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 – Bring your paperwork

Getting a loan requires a lot of paperwork, so you should take some time to get your documents together. Click here to get a list of normal loan documentation.