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 loanon 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.
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. 
