Securing financing is just one aspect of a home purchase. David Houghtaling is seasoned at assisting both new and experienced buyers alike in all areas of real estate. Call me today at (571) 435-8037 if your needs include a professional REALTOR® ready for the business side of buying and selling.

David Houghtaling can help you with financing your new home in Northern Virginia.

Stressed out about applying for a mortgage? You don't have to be. I have close working relationships with some reputable mortgage lenders in the Northern Virginia area, and they've helped me realize a few things that will make the process of applying for a loan pretty simple.  I will recommend a bit of comparison shopping and I am happy to recommend great lenders.  Great lenders get the job for you done on time and with the best possible terms to meet your needs.

1 – Compose a list of questions regarding your loan program

Be sure to have a list of questions if you find that you don't perfectly grasp the pros and cons of all the various programs. It can be a challenge to understand the characteristics of fixed and adjustable rate mortgages. One of my lender contacts or I can help you understand the advantages and disadvantages of each one.

2 – Determine when to lock

When you lock in the rate, a mortgage lender is sure to keep to the mortgage interest rates for the loan – usually at the time the loan application is presented. By floating the rate, you can lock the rate anytime between the day of your loan application and closing. Buyers who choose to float think the interest rates will plunge 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

When you decide to pay additional points to lower the interest rate of your loan, you will pay for them in cash at the time of closing. Each point is 1 percent of the loan. To determine if you should purchase points, click here to use my points calculator.

4 – Gather your paperwork

Getting a mortgage loan requires a lot of paperwork, so you should spend some time getting your documentation together. Click here to get a feel for general information that goes on a loan application.