Do you wish to finance your home?

Feeling lots of anxiety over applying for a mortgage? You don't have to be. We have excellent relationships with many lending companies in the Central New York area, and they've helped us understand some things that will make the process of applying for a loan very easy.

1 – Assemble a list of questions about your loan program

Be sure to bring a list of questions with you if you find that you do not entirely comprehend the pros and cons of all the different loan programs. One of our lender contacts or staff will be able to assist you with understanding the advantages and disadvantages of each one, because it can be a challenge to know the distinctions between both fixed and adjustable rate mortgages.

2 – Decide when you want to lock

By locking in the rate, a mortgage lender is keeping to the interest rates for the loan – typically at the time the loan application is sent in. By floating the rate, you can lock the rate at any time between the day you apply for the loan and at the time of closing. Buyers who opt to float think 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 – Gather your paperwork

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

Need More Assistance?

Getting your mortgage is just one aspect of a real estate transaction. Amodio Realty, Inc. is experienced at helping both new and experienced buyers alike in all areas of real estate. Call us today at (315) 336-7000 if your needs include a real estate pro experienced at the business side of real estate.