Securing financing is just one aspect of getting into a new home. Our Agents are unbeatable at assisting both new and experienced buyers alike in all areas of real estate. Call us today at 336-983-8774 if your needs include a professional REALTOR® experienced at the business side of real estate.


Do you want to finance your new home? Piedmont Group Properties can help.

Applying for a mortgage loan can be one of the most troublesome parts of purchasing a house. But it doesn't have to be. We have excellent relationships with a lot of lenders in our area, and they've helped us learn some things that will make the process of applying for a loan a snap.

1 – Compile a list of questions about your loan program

If you find that you don't totally realize the advantages and disadvantages of the different programs, be sure to bring a list of questions with you. One of our lenders will be able to assist you in understanding the advantages and disadvantages of both programs, because it's hard to know the distinctions between both fixed and adjustable rate mortgages.

2 – Determine when you want to lock

When you lock in the interest rate, it means that a mortgage 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 anytime between the day you apply for the loan and issuance of closing documents. Buyers who prefer to float believe that the interest rates will decline 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

If you decide to pay additional points to lower the rate of your loan, you'll pay for them in cash at closing. Each point is 1 percent of the mortgage loan. To determine if you should purchase points, click here to use our points calculator.

4 – Compile your paperwork

Obtaining a loan requires a lot of paperwork, so you should take some time to get your documents together. Click here to preview common information that goes on a loan application.

Piedmont Group Properties PO Box 968 313 Kirby Rd King, NC 27021
Phone: Fax:

Contact Us | School Info | Rentals | First Time Buyers | For Buyers | Our Homes | Selling Your Home | Home | Applying for a Loan | Mortgage Shopping | Staying Approved | Site Map | Refi Breakeven Calc | Buying Foreclosures/REO's | Ethics in Real Estate | Our Associates | Short Sale Seller

Copyright © 2012 Piedmont Group Properties
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.