Applying for a mortgage loan, loan rates, loan tips – Century 21 MVP, Seymour, Tennessee

At Century 21 MVP, we help you with the total loan process. With our help, stress and uncertainty is minimized, and you can actually enjoy the process of realizing your dream home or rental property. Let me help you! I will put you in contact with excellent mortgage firms and will act on your behalf to assure satisfactory service. Become familiar with the loan application checklist below.

Don't hesitate to call on me if you need help-

Deborah Korlin, Century 21 MVP Real Estate Agent, Seymour, Tennessee

Loan Application Checklist

For many buyers, applying for the mortgage loan is one of the more stressful aspects of buying a home. The loan application need not be a stressful time. By following a few easy steps, you'll sail through the loan application process.

Make a list of any questions you have about the loan program.
Be sure you understand the advantages and disadvantages of the various mortgage programs for which you may qualify, including the advantages and disadvantages of Fixed Rate Mortgages versus Adjustable Rate Mortgages. Don't be intimated, ask all the questions you need inorder to feel comfortable with a loan decision.
Decide if you want to lock-in or float the loan's interest rate.
Locking-in the rate means that the lender commits to the mortgage interest rate for the loan typically at the time the loan application is submitted. By floating the rate, you can lock-in the interest rate anytime between the loan application day and closing. Buyers opt to "float the loan" when they believe interest rates will drop after their loan application date and prior to closing. The risk is that rather than dropping, interest rates may rise, increasing the mortgage payment.
Decide if you want to pay additional points to lower your interest rate.
Typically you can elect to pay additional points (each point is 1 percent of the mortgage loan payable in cash at closing) to lower the interest rate of your mortgage loan.
Gather your paperwork.
Click here to view a list of typical loan documentation.

Pre-qualifying for a loan is a good idea. Century 21 Mortgage and Cascades Mortgage linked below are ready to assist you.

Century21 MVP, 209 E. Main St., Sevierville, TN 37862
Home Office: 539 Keck St., Seymour, TN 37865
Phone: 865-429-2111 Cell: Deborah 865-765-6157 Mike 865-765-6155
Fax: 865-577-2600 E-mail: deborahkorlin@gmail.com
Member of:
Great Smoky Mountains Association of Realtors®
Knoxville Area Association of Realtors®
Visit our Christian Mission site at: www.korlinministries.com