Thinking of financing your new home in Greenfield? Realiteam Real Estate Group can help.

When buying a home, applying for financing is a very demanding event for many people, but it doesn't have to be. I have a close relationship with some mortgage lenders in the Greenfield area, and they've helped me realize some things that can make the process of applying for a loan very easy.

1 – Create a list of questions regarding your loan program

If you find that you don't fully realize the pros and cons of all the different loan programs, make sure to have a list of questions. I or one of my lender contacts can assist you in understanding the advantages and disadvantages of each program, because it is hard to know the distinctions between both fixed and adjustable rate mortgages.

2 – Decide when you want to lock

When you lock in the rate, a mortgage lender is guaranteed to hold 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 application and the issuing of closing documents. Buyers who opt to float presume that interest rates will drop 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 lower your rate

When you choose to pay additional points to lower the interest rate of your loan, you'll pay for them in cash at closing. Each point is 1 percent of the mortgage loan. Click here to use our points calculator. This tool will assist you with determining if purchasing points is the best option for you.

4 – Bring your paperwork

Obtaining a loan requires lots of paperwork, so you should take some time to get your documents together. Click here to get a list of normal loan documentation.