
	Securing financing is just one aspect of getting into a new home. Julie Jennings will assist both new and experienced buyers alike in all areas of real estate. Contact me at 317-691-2900 directly or julie@justjulieshomes.com if your needs include a real estate pro who is ready, willing and able to "Guide Your Every Step" contact Julie.

Let Jennings Real Estate assist you in arranging financing for a new home.

Applying for the mortgage loan can be one of the more exasperating parts of purchasing a home--but it doesn't have to be. Developing working relationships with mortgage lenders in Central Indiana has helped me learn some things that can make the process of applying for a loan less complicated.

1 – Compose a list of questions regarding your loan program

Understanding the pros and cons of various mortgage loan programs will be made easier if you are ready to ask questions. Gather your financial facts and let the lender help you decided what might work best for you.

2 – Determine when you want to lock

Locking an interest rate designates that the mortgage lender commits to the mortgage interest rates for the loan on behalf of the buyers. This usually occurs at the time the loan application is presented. However, by floating the rate, you can monitor the rise and fall of rates and lock when it's best for you. Always let your lender be your guide. Follow your lender's advice!

3 – Determine if you want to pay additional points to reduce your rate

Oftentimes you can elect to pay additional points to lower the rate of your loan. Every point is 1 percent of the mortgage loan and is payable in cash at the time of closing. If you're uncertain as to whether or not buying points is right for you, click here to use our points calculator.

4 – Bring your paperwork

Getting a loan requires a lot of paperwork, so you should take some time to get your documentation together. Click here to see general information that goes on a loan application.

Home Status Report

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Today's Rates

Mtg Loan	Rate	APR
30-yr Fixed	4.85%	4.89%
15-yr Fixed	4.26%	4.32%
1-yr Adj	4.1%	4.13%

* national averages