
	Getting your mortgage is just one aspect of a home purchase. Equity Solid is seasoned at aiding new and experienced in all areas of real estate. Call us today at 801-867-2829 if your needs include a professional REALTOR^® experienced at the business side of real estate.

Utah Real Estate & Utah Home Search

Looking to finance your home in Draper?

Stressed out about getting financing for a home purchase? You don't have to be. I've got great connections to a lot of lending companies in the Draper area, and they've helped me understand some things that make the process of applying for a loan easy.

1 – Create a list of questions regarding your loan program

Make sure you bring a list of questions with you if you do not perfectly grasp the ins and outs of all the different programs. I or one of my trusted lenders will assist you with understanding the advantages and disadvantages of each one, because it's a challenge to understand the characteristics of fixed and adjustable rate mortgages.

2 – Determine when you want to lock

When you lock in a rate, it designates that your lender keeps to the mortgage 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 loan application day and issuance of closing documents. Those who elect to float conclude the interest rates will fall 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 decrease your rate

Usually you can choose to pay additional points to lower the rate of your loan. Each point is 1 percent of the loan and is payable in cash at the time of closing. Click here to use our points calculator. It will help you decide if purchasing points is the best option for you.

4 – Bring your paperwork

Acquiring a loan requires lots of paperwork, so you should take some time to get all your documents together. Click here to get a feel for general questions you'll have to answer on a loan app.