Are you going to finance your home in Muskogee? Leslie Scott Realty, LLC can help.

Applying for the loan is one of the most troublesome aspects of purchasing a home for a buyer, but it doesn't have to be. I'm pretty connected with many lenders in Muskogee, and they've helped me learn some things that can make the loan application process easy.

1 – Make a list of questions regarding your loan program

If you don't fully realize the ins and outs of all the various programs, be sure to bring a list of questions with you. I or one of my lender contacts will be able to assist you with understanding the advantages and disadvantages of each one, because it's a challenge to know the distinctions between fixed and adjustable rate mortgages.

2 – Determine when to lock

When you lock in an interest rate, the lender is guaranteed to keep to the mortgage interest rates for the loan – ordinarily at the time the loan application is presented. By floating the rate, you can lock the rate anytime between application and at the time of closing. Those who decide to float think that interest rates will dip 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 decrease your interest rate

When you elect to pay additional points to lower the interest rate of your mortgage loan, you'll pay for them in cash at closing. Every point is 1 percent of the mortgage loan. Click here to use our points calculator. It will assist you with determining if purchasing points is right for you.

4 – Bring your paperwork

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