
	Getting your mortgage is just one aspect of a real estate transaction. All agents at RiverView Realty, LLC are experienced at assisting new and experienced in all areas of real estate. Call us today at 425-222-5112 if your needs include a real estate pro ready for the business side of buying and selling.

Looking to finance your home? RiverView Realty, LLC can help.

Stressed out about applying for a mortgage? You don't have to be. Being connected to many mortgage lenders in Snoqualmie Valley has helped us realize some things that will make the loan application process pretty simple.

1 – Assemble a list of questions regarding your loan program

If you find that you do not completely comprehend the pros and cons of the various programs, make sure you bring a list of questions with you. It can be hard to understand the differences between fixed and adjustable rate mortgages. One of our lender contacts will assist you with understanding the advantages and disadvantages of each one.

2 – Decide when you want to lock

By locking in the interest rate, the mortgage lender is holding to the interest rates for the loan – typically at the time the loan application is received. By floating the rate, you can lock the rate at any time between the day you apply for your loan and issuance of closing documents. Buyers who opt to float conclude that interest rates will decline 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

Typically you can choose to pay additional points to lower the rate of your mortgage loan. Each point is 1 percent of the loan and is payable in cash at closing. Click here to use our points calculator. This tool will assist you in deciding if purchasing points is the best option for you.

4 – Gather your paperwork

Obtaining a loan requires a lot of paperwork, so you should spend some time getting your documents together. Click here to get a feel for typical questions you'll have to answer on a loan app.