Getting your mortgage is just one aspect of a real estate transaction. Re/Max Real Estate Ten is experienced at aiding both new and experienced buyers alike in all areas of real estate. Call us today at 4235818881 if your needs include a real estate pro experienced at the business side of real estate.


Are you looking to finance a home? Re/Max Real Estate Ten can help.

Feeling lots of anxiety over applying for a mortgage? You don't have to be. Being connected to some mortgage lenders in the Morristown area has helped me recognize some things that will make the process of applying for a loan a snap.

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

Be sure to bring a list of questions with you if you don't completely grasp the pros and cons of the different loan programs. I or one of my lenders can assist you with understanding the advantages and disadvantages of both programs, because it can be a challenge to understand the characteristics of both fixed and adjustable rate mortgages.

2 – Decide when to lock

Locking in the interest rate signifies that a lender keeps to the interest rates for the loan – often at the time the loan application is received. By floating the rate, you can lock the rate at any time between application and closing. Those who opt to float conclude the 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

Generally you can choose to pay additional points to lower the interest rate of your mortgage loan. Every point is 1 percent of the mortgage loan and is payable in cash at closing. To decide if buying points is the best option for you, click here to use our points calculator.

4 – Compile your paperwork

Getting a mortgage loan requires a lot of paperwork, so you should spend some time getting your documentation together. Click here to preview typical information that goes on a loan application.

Re/Max Real Estate Ten 4780 West Andrew Johnson Highway Morristown, TN 37814
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