
	Getting your mortgage is just one part of getting into a new home. Mesa Realty is experienced at aiding new and experienced in all areas of real estate. Call us today at (702) 873-0440 if your needs include a professional REALTOR^® ready for the business side of real estate.

Let Mesa Realty assist you with applying for a loan.

When buying a home, applying for the mortgage loan is very distressing for most people, but it doesn't have to be. I've got great connections to a lot of lenders in Las Vegas, and they've helped me understand a few things that make the process of applying for a loan uncomplicated.

1 – Compose a list of questions regarding your loan program

If you find that you don't fully realize the advantages and disadvantages of all the various programs, make sure you have a list of questions. It is often hard to understand the characteristics of fixed and adjustable rate mortgages. I or one of my trusted lenders will be able to help you understand the advantages and disadvantages of each one.

2 – Decide when to lock

Locking in an interest rate designates that a mortgage lender guarantees the mortgage interest rates for the loan – most 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 the issuing of closing documents. Buyers who decide to float believe interest rates will plunge 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 reduce your rate

Usually you can opt to pay additional points to lower the interest rate of your mortgage loan. Every point is 1 percent of the loan and is payable in cash at the time of closing. To decide if purchasing points is the best option for you, click here to use our points calculator.

4 – Compile your paperwork

Acquiring a loan requires lots of paperwork, so you should take some time to get all your documentation together. Click here to see typical information that goes on a loan application.

Mortgage Calculator:

Sales Price:		$
Down:		%
Interest Rate:		%
Term:		yrs

Monthly payment:		$

Today's Rates:

Mtg Loan

Rate

APR

30-yr Fixed	3.87%	4%
15-yr Fixed	3.14%	3.31%
1-yr Adj	2.76%	3.42%

* national averages

* MOL = More or Less