Securing financing is just one aspect of a home purchase. John Hall & Associates is experienced at assisting new and experienced in all areas of real estate. Call us today at 480-844-5900 if your needs include a professional REALTOR® experienced at the business side of buying and selling.


Let John Hall & Associates help you with financing your new home.

When buying a home, applying for the loan is very stressful for many people, but it doesn't have to be. I have excellent relationships with several lenders in the Tempe area, and they've helped me recognize some things that can make the loan application process very manageable.

1 – Put together a list of questions about your loan program

Make sure to bring a list of questions with you if you find that you don't fully comprehend the ins and outs of the different loan programs. I or one of my lenders will help you understand the advantages and disadvantages of each one, because it can be hard to know the differences between both fixed and adjustable rate mortgages.

2 – Decide when to lock

When you lock in the interest rate, your lender is guaranteed to hold to the interest rates for the loan – usually at the time the loan application is sent in. By floating the rate, you can lock the rate at any time between application and issuance of closing documents. Those who elect to float think the interest rates will drop in the near future. Click here to see the outlook for the next 90 days of interest rates.

3 – Decide if you want to pay additional points to decrease your interest rate

If you decide to pay additional points to lower the rate of your loan, you'll do so by paying for them in cash at closing. Every point is 1 percent of the mortgage loan. To determine if you should purchase points, click here to use our points calculator.

4 – Gather your paperwork

Obtaining a mortgage loan requires lots of paperwork, so you should take some time to get your documents together. Click here to preview general information that goes on a loan application.

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