
	Securing financing is just one aspect of a real estate transaction. Nelson Homes Inc. is experienced at aiding new and experienced 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.

Are you financing a home? Nelson Homes Inc. can help.

Stressed out about applying for a mortgage? You don't have to be. I have close working relationships with various lending companies in the Arrington area, and they've helped me recognize some things that can make the loan application process effortless.

1 – Compose a list of questions regarding your loan program

If you don't totally comprehend the advantages and disadvantages of all the various loan programs, make sure you bring a list of questions with you. It's hard to understand the distinctions between fixed and adjustable rate mortgages. I or one of my trusted lenders will be able to assist you in understanding the advantages and disadvantages of both.

2 – Determine when you want to lock

Locking in a rate indicates that your mortgage lender commits to the mortgage interest rates for the loan – often at the time the loan application is presented. By floating the rate, you can lock the rate at any time between application and issuance of closing documents. Buyers who decide to float presume 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

Oftentimes you can elect to pay additional points to lower the rate of your mortgage loan. Every point is 1 percent of the mortgage loan and is payable in cash at closing. If you're undecided as to whether or not buying points is right for you, click here to use our points calculator.

4 – Bring your paperwork

Acquiring a loan requires lots of paperwork, so you should take some time to get your documentation together. Click here to get a feel for common questions you'll have to answer on a loan app.

Mortgage Calculator:

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* MOL = More or Less

*All prices, floor plans, and standards may change without notice. Information may not be exact and is intended to be used for informational purposes only. Houses are quoted as base prices with wholesale construction options, delivered in central Virginia. - Owner/Va. Lic. Real Estate Agent