
	Securing financing is just one part of a real estate transaction. Ballenger Realty/BeaufortHomeTeam is seasoned at helping both new and experienced buyers alike 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.

Ballenger Realty/BeaufortHomeTeam can help you finance a home.

When buying a home, applying for the mortgage loan is very stressful for most people, but it doesn't have to be. I have close professional relationships with various lenders in Beaufort, and they've helped me realize some things that make the loan application process effortless.

1 – Compile a list of questions regarding your loan program

If you do not totally comprehend the advantages and disadvantages of the different financing options, make sure you have a list of questions. I or one of my lenders will help you understand the advantages and disadvantages of both programs, because it's hard to understand the characteristics of both fixed and adjustable rate mortgages.

2 – Decide when you want to lock

By locking in the rate, a mortgage lender is holding to the mortgage interest rates for the loan – commonly at the time the loan application is presented. By floating the rate, you can lock the rate anytime between application and the issuing of closing documents. Buyers who decide to float presume the interest rates will drop 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 decide to pay additional points to lower the interest rate of your loan, you will do so by paying for them in cash at closing. Each point is 1 percent of the loan. To determine if purchasing points is right for you, click here to use our points calculator.

4 – Gather your paperwork

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

613 Carteret Street Beaufort, SC 29902
Phone: Fax:

Copyright © 2012 Ballenger Realty/BeaufortHomeTeam
Portions Copyright © 2012 a la mode, inc.
Another XSite by a la mode, inc. | Admin Login| Terms of Use| Site Map
All rate, payment, and area information are estimates and approximations only.