Securing financing is just one aspect of a home purchase. Krutz Properties LLC is experienced at assisting both new and experienced buyers alike in all areas of real estate. Call us today at 518-673-2820 if your needs include a real estate pro ready for the business side of buying and selling.

Krutz Properties LLC can assist you with applying for your new home loan.

Securing the mortgage loan is one of the most distressing parts of purchasing a home. But it doesn't have to be. We've got great connections to several lenders in the Mohawk Valley area, and they've helped us learn a few things that will make the loan application process very easy.

1 – Make a list of questions regarding your loan program

Make sure you bring a list of questions with you if you do not totally understand the ins and outs of all the various programs. One of our trusted lenders or staff will be able to assist you with understanding the advantages and disadvantages of each one, because it's a challenge to understand the distinctions between both fixed and adjustable rate mortgages.

2 – Decide when you want to lock

When you lock in the rate, a mortgage lender is sure to commit to the mortgage interest rates for the loan – usually at the time the loan application is sent in. By floating the rate, you can lock the rate anytime between the day of your loan application and issuance of closing documents. Those who elect to float believe that interest rates will drop 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 lower your rate

Generally you can elect to pay additional points to lower the rate of your mortgage loan. Each point is 1 percent of the mortgage loan and is payable in cash at the time of closing. Click here to use our points calculator. It will help you determine if buying points is right for you.

4 – Compile your paperwork

Acquiring a loan requires a lot of paperwork, so you should spend some time getting all your documents together. Click here to preview normal questions you'll have to answer on a loan app.

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